Lighthouse Petroleum to Acquire Major Oil Assets
Investing News Network - April 13th, 2010
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.
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.