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Friday, 03/16/2012 1:08:45 PM

Friday, March 16, 2012 1:08:45 PM

Post# of 2345983
LHPT profits by 3/31/12 on new well

"NEW YORK, March 13, 2012 /PRNewswire/ -- (OTC Pinks LHPT) Lighthouse Petroleum, Inc. during the first quarter of 2012 has successfully closed two transactions of the year. Lighthouse initial transaction was a purchase of a participation interest in a well in Lucy Lee Well located in St. Helena Parrish, Louisiana. The second transaction was the closing of the purchase of the Perry Lease and Perry "A" Lease. "I believe the foundation for Lighthouse's future growth has been laid with the closing of these two transaction. I expect the 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."

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