NEW YORK, April 9, 2013 /PRNewswire/ -- Lighthouse Petroleum, Inc. (PINKSHEETS: LHPT), a growth oriented energy company focusing on the exploration and production of oil and gas, today announces the appointment of Gerard Danos as its President.
Todd Violette, CEO of Lighthouse Petroleum, stated, "I am particularly excited to have Gerard Danos assume the responsibilities of President of Lighthouse Petroleum. Gerard's breadth of knowledge and management experience, coupled with his hands-on, take-charge business style gives me a high level of confidence that he will make an excellent President of our company." Mr. Violette added, "The restructuring of our management team, with the addition of Gerard Danos, positions us to handle the many challenges that lie ahead as we move Lighthouse forward towards becoming a profitable oil and gas producing company in the coming quarters."
"I am excited to assume the leadership role at Lighthouse Petroleum," stated Mr. Danos. "I am fully committed to the implementation and execution of Lighthouse's strategy to identify and acquire under-valued oil and gas interests with profitable levels of production." In order to accomplish our goal Management plans to:
- Safely and efficiently generate commercially marketable quantities of oil and natural gas;
- Expand the Company's oil and gas explorations throughout Texas and Louisiana; and
- Maintain our primary business philosophy, rooted in progressive principles of cost-efficiency and devotion to fiscal responsibility, worker safety and sustainable petroleum revival.
We plan on updating and revising our website and increasing our communication with shareholders to create greater transparency of LHPT in the marketplace and enhance company response time through social media and other resources.
Mr. Danos also stated, "With our new leadership structure, I believe that Lighthouse Petroleum, Inc. has the potential to dramatically increase production and revenues quarter after quarter throughout 2013." Mr. Danos stated further, "I feel confident that my strong management acumen joined with a fundamental understanding of the oil and gas sector can lead Lighthouse to a successful future."
Gerard Danos, a private investor and successful entrepreneur, previously held positions with Treaty Energy Corporation, an oil and gas exploration company operating in the United States and Central America. At Treaty Energy, Danos served in an advisory capacity at its startup and later became its Chief Operating Officer, Secretary, and board member. Prior to joining Treaty Energy, he was Owner/Principal at St. Catherines Hospice, LLC where he helped guide the company from startup to one of the region's leading hospice providers. Mr. Danos also served as Vice President and Director for Medico, LLC, a subsidiary of Magnolia Management Corporation, a privately held company, that operates more than 65 long-term care facilities throughout Louisiana and Mississippi.
Mr. Danos received his Bachelor's Degree from Louisiana State University, Baton Rouge, LA.
Forward Looking Statement
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.
Gerard Danos, President
Lighthouse Petroleum, Inc.
SOURCE Lighthouse Petroleum, Inc.