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Lighthouse To Acquire Producing Properties In North Texas

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December 7, 2012

Lighthouse Petroleum Inc. (OTC Market: LHPT) has begun site inspections and due diligence process to acquire producing wells located in Jones County, Texas. The agreement calls for Lighthouse to acquire a 100% working interest in the wells.

The acquisition marks the third transaction for Lighthouse in 2012. Upon the closing, Lighthouse's Texas well count would increase from three current wells to seven wells and increase oil production immediately.

According to the release, Jones County has produced about 505,905 barrels of oil this year and 317,837 thousand cubic feet of natural ...

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