Lighthouse Petroleum to Acquire Major Oil Assets

Lighthouse Petroleum, Inc. (PINKSHEETS: LHPT) reported that management has entered into a letter of intent to acquire three shut in wells located in Brown County, Texas.

The press release is quoted as saying:

These are wells with an approximate depth of 2,600′, and are located within the prolific Bend Arch-Ft. Worth Basin, more specifically the Quita Ellenberger Field which has produced significant quantities of crude.

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