BB's Stock Haven

[Daley~Mail]

LHPT temporary dip. New PR. Get in now!

Lucy Lee well to begin generating revenue for Lighthouse before the end of the quarter March 31, 2012. In addition I am pleased to announce the Perry and Perry "A" Lease now have an approved budget and we are currently work with the operator to begin scheduling work on both Perry leases." said CEO Todd Violette. "The Louisiana Project has several benefits for the long term development of the company. It puts Lighthouse right in the middle of some major projects going on in that area targeting the Tuscaloosa Marine Shale. Several majors oil and gas companies have been drilling in Louisiana targeting the Tuscaloosa Marine Shale and are producing very solid returns based on public disclose management is able to find. Since the Lucy Lee project is much larger in terms of required cash than what Lighthouse could have done on its own, partnering and buying a non- operator participating interest has given us a foothold in the area and a relationship with a local operator."

Management expects that if the Lucy Lee project is successful the Company will have an opportunity to work with the same local operator on additional projects in the area. Management completed an inspection of another well in February 2012. Recent Google searches done by management of oil and gas projects in the surrounding area indicated two key findings (1) that a similar well in the area have produced 290 Barrels of day of oil and some gas, and (2) major oil and gas companies are investing and requesting exploration permits in the areas of Louisiana and Mississippi targeting the Tuscaloosa Marine Shale. Information management relied upon when deciding to invest in the Lucy Lee indicates that it has the potential to produce between 200 to 400 barrels per day of fluid with an expected oil cut of about 20%.

http://ih.advfn.com/p.php?pid=nmona&article=51597512&symbol=LHPT