NEW YORK, April 18, 2013 /PRNewswire/ -- Lighthouse
Petroleum, Inc. ("Lighthouse") (PINKSHEETS: LHPT), a growth
oriented energy company focusing on the exploration and production
of oil and gas, today announces that it has entered into a joint
venture agreement with Matmown Oil and Gas, Inc. ("Matmown"), a
wholly owned subsidiary of Matmown, Inc. (PINKSHEETS: MTMW).
Matmown will be the operator in the joint venture relationship, and
expects to workover several existing wells during the coming
quarters, beginning as early as the next few weeks. This new joint
venture will be managed under standard industry terms, and will
relate to acreage currently held by Matmown Oil and Gas Inc., or
acreage to be acquired in the future.
"Lighthouse is extremely pleased to have Matmown as a joint
venture partner for its LHPT 2013 Exploration Program in the
Burleson County, Texas area,"
commented Gerard Danos, President of
Lighthouse Petroleum, who continued, "We anticipate a long
relationship with Matmown Oil & Gas, Inc., guided by Mr.
William Sawyer, President and CEO,
who has over 35 years of diverse experience in the energy industry,
including being the former President, CEO, and co-founder of Lucas
Energy, Inc., a company currently trading on the NYSE MKT."
Matmown, Inc. has subsidiaries in the
United States and South
America. The US-based subsidiary has offices in Texas and is engaged in the oil and gas
exploration and production business. A subsidiary in Peru owns 17,000 acres of gold mining
property. Mr. Sawyer commented, "We are pleased to have a joint
venture with another public company in the oil and gas business.
Mr. Danos and Lighthouse Petroleum are the type of partners we
like."
Forward Looking Statements
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks.
Lighthouse Petroleum, Inc. is an exploration company with limited
experience in the oil and gas industry. At the time of this release
Lighthouse Petroleum, Inc. lacks the financial capabilities to meet
its financial obligations and its management expects to dilute the
company's shares to raise the necessary operating capital. Based
upon industry standards Lighthouse would be considered highly
speculative and lacks any competitive advantage over its
competition. Additional risks you should consider are that this
list is limited and additional risk not mentioned may apply:
failure to meet Lighthouse's financial and contractual obligations,
Lighthouse's managerial errors made based upon the Company's
limited experience and knowledge of the industry, commodity risk,
acts of God and regulatory risk. You should consider these factors
in evaluating the forward-looking statements included herein, and
not place undue reliance on such statements.
Contact:
Gerard Danos, President
Lighthouse Petroleum, Inc.
gdanos@lighthouselhpt.com
1-985-237-1701
SOURCE Lighthouse Petroleum, Inc.