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NewswireTODAY - /newswire/ -
Hoboken, NJ, United States, 2010/07/12 - Lighthouse Petroleum, Inc. announces the initiation of field operations on the three-well project in Brown County Texas - LHPetro.com.
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LHPT began mechanical integrity testing of the three well bores on Wednesday May 26th and completed that testing on Thursday May 27th. Confirmation of the casings’ structural integrity was a requirement prior to acquisition of the Brown County project, and LHPT is pleased to say that we now have that confirmation.
The casing on all three well bores was pressure tested and all minor leaks were repaired. No holes were detected. The tank battery for oil collection and sales was also inspected, and some repair is necessary. The tanks are serviceable. Also, the separator vessel appears to be in good shape, but will be pressure tested prior to acquisition.
“Lighthouse Petroleum looks forward to continuing work on the Brown County project,” said Glen Kennedy, Chairman of the Board and Chief Executive Officer of Lighthouse Petroleum. “We see this project as an excellent opportunity, for LHPT and Brown County, to establish more production in the area.”
With the structural integrity confirmation complete, LHPT has begun collecting bids from vendors for the necessary services, as well as equipment of the wells for production and salt water disposal injection. For more information on this, or other key LHPT projects, visit lhpetro.com/.
About Lighthouse Petroleum, Inc.
Lighthouse Petroleum (lhpetro.com) is an Oil & Gas Exploration company headquartered in Dallas Texas. The company is publicly traded on the over the counter Pink Sheet trading system under the symbol LHPT.
Safe Harbor of the 1995 Private Securities Litigation Reform Act. Statements that are not historical facts contained in this press release are forward looking statements involving a number of known and unknown risks, uncertainties and other factors, which are difficult or impossible to predict, are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from those implied by such forward looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the statement.
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