Lighthouse Petroleum Closes on Working Interest
in Fremont County

November 11th, 2008 • Filed Under
feature photo

By WEN Staff

SALT LAKE CITY - Lighthouse Petroleum, Inc. has announced the acquisition of a 25% working interest in G2 Petroleum LLC’s Diamond Springs Prospect, located within the prolific Wind River Basin.

The Diamond Springs Prospect comprises 3,300 gross acres of prospective oil and natural gas property in Fremont County, Wyoming. Independent geologic work has concluded that the property has the potential for 4.3 million barrels of recoverable oil, with a revenue potential of over $250 million at current pricing, with most expected to occur in shallow wells at depths of less than 1,000 feet.

Other working interest partners include G2 Petroleum, LLC, as
well as Force Energy Corp, a publicly traded bulletin board
organization which trades under the ticker symbol FORC.OB.
Force Energy is responsible for 100% of the costs associated
with the inaugural well on this acreage, thus minimizing the
economic risk for Lighthouse Petroleum initially.

After the inaugural well, Lighthouse Petroleum will then be
responsible for 25% of all capital expenditures on the
remaining 69 well locations should initial results yield a
positive return on investment.

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