TagLikeMe Corp. Announces Acquisition Of Nola Energy, Inc.
March 06 2014 - 12:00PM
Access Wire
LONDON / ACCESSWIRE / March 6, 2014 / TagLikeMe Corp.
(TAGG), today announces the acquisition of Nola Energy, Inc.,
an oil and gas exploration company with assets in Duval County,
TX.
Nola Energy, Inc. has leases to multiple oilfield properties,
primarily in southwest Texas. These leases include:
- P.E. White Lease: 1,215 acres in Duval
County, TX, with a total of 13 wells and an estimated 2.5 million
barrels of recoverable Mirando-quality crude oil on the lease.
- Bishop Cattle Company Lease: 480 acres in
Duval County, with 17 production wells onsite, currently all
shut-in. Two wells will be immediately placed back into production,
one of which was recently production-tested for 10-12 bpd. There
are multiple productive zones on this underdeveloped property.
- Moody & West Lease: 183 acres in Duval
County with 7 wells, all having produced viable oil from oilsand
formations. These wells are believed to have significant reserves
remaining behind pipe and undeveloped sands.
Gerard Danos, CEO of Nola Energy, Inc. stated, “This is a great
opportunity to bring TagLikeMe Corp back to its roots in oil and
gas production. These recently acquired leases will bring immediate
production and revenues to the company.
Richard Elliot-Square also stated “For some considerable time, I
have been reviewing the future direction of the company and I feel
that the time is right to transition back to oil and gas, where the
company can sustain profits and revenue while at the same time
retaining licensing rights to the web portal.
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.
Contact:
Gerard Danos, CEO
Nola Energy, Inc.
gdanos@nolaenergyinc.com
1-985-237-1701
Source: TagLikeMe Corp.