Petroleum, Inc. Announces Business Plan For Q3 & Q4
NEW ORLEANS, LA-- (OTC Markets ? August 1, 2013) -
Lighthouse Petroleum, Inc. (?Lighthouse?) (PINKSHEETS: LHPT), a growth oriented
energy company focusing on the exploration and production of oil and gas, is
pleased to announce that over the last two months the management team has
completed a business review and has made the following recommendations to
improve the value of the company.
the business model away from focusing on reworking wells and changing the
management structure of the company. The first objective will be to hire a full
time geologist and engineer as part of the management team. During this change
over we are also recruiting new advisors and directors to assist the Board.
new opportunities that have the potential of new drilling both domestic and
foreign. The initial primary focus area
of interest for the new drilling will be along the South Eastern part of Texas (Eagle
Ford Shale Region) and the Tuscaloosa Marine Shale in Louisiana. After hiring
the proper management the objective will be to acquire up to two locations. The
secondary location will be international opportunities.
plans on opening a subsidiary for the purpose of acquiring oil and natural gas
royalty assets, mineral rights and fee mineral acreage. This subsidiary
business operation will focus on the mid-continent region of the U.S. in the
states of Texas, Louisiana, Oklahoma, Arkansas, Kentucky, Kansas, Colorado, New
Mexico, and Colorado.
Q3 and Q4 of 2013 Lighthouse plans to hire a licensed broker dealer to assist
management in developing a short and long term capital strategy. The main
objective is dealing with the toxic legacy debt that a dates back as far as
2006 & 2007 on the books. Management believes this is a real issue and
Lighthouse plans to recruit professional assistance which will address the
issue and clean the company up. .
the Corporation?s headquarters and hire new operators to manage the current
assets of the company.
a new interactive website to allow shareholders and investors to gain
information and get better corporate updates. The new website will be catered
more for mobile devices.