Go to their filings on OTC Markets not the News. It's all in there where when each well goes on line it's a 90 day monitoring that has to be certified after the well is stabilized. They also say exactly what amount of preferred shares they used to purchase the wells. Now that the wells are active and producing, I suspect a share buy back in the near future. Check out how the president did it with company he had listed on the big boards, this president knows what he's doing.
Preferred shares were used to purchase oil well leases that are now active and producing. Most likely these shares were converted by the third party and has nothing to do with the company diluting as they already purchased the leases which are now revenue streams, active and producing.
Preferred stock being converted that were used to buy the now active and producing well leases is not dilution. This stock is being accumulated and stands out like a sore thumb on the chart. Accumulation and distribution at it's finest.
The only one who made up stories is you bogden because you're the POS loser who was clobbered in court by the TYTN CEO. You're just a no good POS narcissist freak idiot, pay your bills wimp. I love it that the wife left your sorry ask for a real man. LoL Now that's funny, no life, no wife. HaHaHaHaHa LMAO Even the wife had enough of the narcissist freak idiot loser. Talk about a loser.
Get lost bogden you freak loser and quit stalking me ask hole. You must really be a sore loser after you lost in court to be stalking the ones who called you out. Heard your wife even left. LoL Besides TYTN already addressed the lies you have been spreading about BK and again you have been proven a liar POS. Get a life, oh, and a wife as we know she's now with a real man instead of your sorry ask. LMAO
Bogden from TYTN hates me too as he now has a $253,000 judgement against him for defamation. Do some DD on Tytan vs Bogden judgement. Since you're the superslicktwitfromjersey it might sink in about the can of worms that you just opened up over there. Still LMFAO!
Bogden also didn't care when he was defaming TYTN and now has a judgement against him for $253,000. I see that you have joined him on TYTN while you were stalking me. I forwarded all of your posts to TYTN like we did with Bogden the first time around. That was a civil case but since the judgement he has yet to cease and desist and the company is taking him to court again. Now that you have joined forces with him I have been LMFAO as you're to stupid to realize what is going on there right now and like a stupid ask from jersey, you jumped right in the middle of it. Do some DD on that and know who bogden is ya idiot. I'm still LMAO Tytan just updated shareholders on their corporate site about the defamation case and judgement. Tytancorpdotcom You are really dumb to retaliate against me by joining bogden. Tytan is actively pursuing him as we speak as they did before, read up on it dip dumb, you're now involved. I'm still
Mitch bogden was sued by TYTN for defamation and lost. The court ordered him to pay $253,000. TYTN just put out an update about it on the their corporate site tytancorpdotcom then click on investor and news. I have sent all of his posts to their attorney. Onetwit is now stalking me on TYTN just like bogden is stalking me here. Obviously this dumb ask in jersey can't read very well.
Matt Brown, the founder of IHUB could care less too and now he's in prison! What you are doing and continue to do Sir is to manipulate by distorting the facts. You are saying and posting to create doubt when you buy and flip when you pump. That is fraud and what the founder of IHUB Matt Brown is in prison for today. Don't you tell me anything you POS. I'm telling you, cease and desist. I'm sick of your BS and I know what you're up to. Give me the phone number of your lawyer ash hole like you said you were going to call or was that another lie. We will just have to do it the hard way, yahoo cooperates, your boss at the brokerage firm should have told you to stick with IHUB.
If you didn't flip flop so much and manipulate by distorting facts we would not have had a problem. I see that you flopped again and we are back to where you now hold shares. I'm doing everything I can to change that because I don't like manipulators who distort for their own gain. We really did report you several times because I want your hedge fund, broker dealer banned from trading this stock and your stock liquidated that you now have through fraudulent manipulation shorting and distorting. You had said that you were going to talk to your attorney about slander so to get the record strait, give me your legal council's phone number and I will make the call. Only a fraudulent manipulator would have an attorney on retainer in the first place.
The Project plan calls for the operator to begin installing a Rod Pump and ICI Hydraulic Golden 120-inch stroke lift on the Lucy Lee and the Mina Travis No. 1. Both wells will be set at 7,000 feet. Lighthouse is expecting, based upon weather, to have a Rig on location and working on Monday (1/21/13). Once the rig is on site, it should take anywhere from 10 to 14 days to complete the installation.
Ninety days after production begins, Lighthouse will hire an engineering firm to complete a reserve analysis on the potential, future recoverable production from the field.
We all know that has been completed and the well is now active and producing so production numbers can be any day now.
Notice they say "barrels" which means "blue barrel or 42 US gallons.
WTI crude is currently trading at roughly $98.00 per blue barrel. So lets take a look at just the oil and not the gas. I will round it off to 100.00 per barrel 183 barrels of oil per day times 30 days (also rounding the days in a month) = 5,400 per month times $100 per blue barrel = $540,000 per month just on one well and on the Oil alone not including the gas.
It's going to get really serious with LHPT, congratulations to the longs who stuck out the R/S when new management took over. This is going to be really exciting very quickly.
The LA Govt. DNR site now has LHPT news on their site. Lighthouse Petroleum, Inc. Commits to the Tuscaloosa Marine Shale. They also show the heavy weights in blue chips listed in the area who are also now fracking the shale just the same. Notice because of the fracking technique now being used which has never been introduced at this location is labeled as a discovery well, not re-entry as they are now far below the sands which were pumped in the past and far beyond as the shale begins at 7000 ft. Just so people understand, a mile is 5,280 ft.
Mina Travis No. 1 Well (Serial Number 049413) Located in Parrish of St. Helena comprises oil and gas discovery well with a production capacity of approximately 183 barrels of oil and 102,000 cubic feet of natural gas per day. The asset is located in Louisiana.
Google, "Mina Travis No. 1 well Bloomberg"
The Company received One Hundred Percent (100%) of Home Creek’s working interest and
rights in the “Perry Lease”, covering approximately One Hundred Sixty (160) acres in Haskell County, Texas. The Company additionally received One Hundred Percent (100%) of Home Creek’s working interest and rights in the “Perry ‘A’ Lease,” covering approximately One Hundred (100) acres in Haskell County, Texas.
Jan. 2013, the company increased it's working interest in the Lucy Lee by 29.336% In conjunction with the 5% working interest the company purchased in 2012, the company now owns 34.336% working interest in the Lucy Lee No. 1 well.