Wednesday, May 11, 2011

Watchlist for Thursday

LHPT (Lighthouse Petroleum) .0023 Over 93 million in volume hit a high of .0025 and managed to close .0023 from .0011 opening with oil prices still high and news released on Letter of Intent on Land acquisition this can quite easily double from here low float and trades thin watch for volume and possible entry:

Lighthouse Petroleum, Inc., Signs Letter of Intent for Lease for Land in Callahan County


Lighthouse Petroleum (USOTC:LHPT)
Intraday Stock Chart

Today : Thursday 12 May 2011
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In February Management announced its plan to identify 2 or 3 properties for Lighthouse to acquire in the first half of 2011. Management is pleased to announce that Lighthouse Petroleum, Inc., (PINKSHEETS: LHPT) has entered into a letter of intent for a transaction that could potentially allow LHPT to drill wells for the next 5 years and control up to approximately 8 sections (one section equals 640 acres) of lands in Callahan County Texas. The Company has completed the initial business review of the properties and is moving into the legal due diligence phase to complete the acquisitions of these leases. Management believes it is in the best interests of the Company to acquire domestic properties to build the foundation for LHPT and these properties fit this objective. Due to the size and nature of this transaction Management believes the Company will need to begin hiring additional staff. This transaction will have LHPT acquiring the following: a lease for 1560 Acres with 62.5% working interest, a second lease for 960 Acres and 100% working interest and an option for an additional 2,670 acres with 100% working interest. In addition to the leases LHPT will acquire a well with 62.5 % working interest in the Ellenberger along with wellhead, casing, tubing and all equipment (50%WI APO) and a second well with 87.5% working interest to payout then a 75% APO with any and all equipment.

SAVW (SaveWatt USA) .0019 The stock has been consolidating at these low prices with impatient holders selling very attractive share structure, this stock was mentioned a while ago at .0035 and managed to hit .018, with news released after hours this could be a nice trade tomorrow:
SavWatt USA, Inc. (OTCBB: SAVW), a leader in LED lighting technology and the green revolution, releases the following current events for shareholders: SavWatt has formed a European Subsidiary which will be based in the UK, SavWatt Europe, Inc. managed by Miller Mays and Javier Herrero. SavWatt Europe will market SavWatt Energy Efficient LED Light Bulbs and Fixtures in the European community. Europeans are far more progressive on LEDs and therefore businesses, institutions, and homes are several years ahead of the U.S. in using clean energy and are replacing incandescent bulbs with LEDs at a faster pace. The use of Carbon Credits makes the European Community a prime market for SavWatt.
SavWatt has signed partnerships and distributions agreement with two Korean companies, KEC Enercom (www.koreaenercom.com) and Solarluce (www.solarluce.com) for distribution of their LED products. Both companies are leaders in Korea with government backing. These international agreements will greatly broaden SavWatt product lines which will in turn provide SavWatt distributors an extensive product line for their offering. Both Companies' products will be featured in the upcoming Lightfair to be held May 17-19 in Philadelphia.
SavWatt's Baltimore Eco Hub, a 21,000 square foot facility is under construction with a target completion date of June 10. A ribbon cutting ceremony is scheduled for June 23, 2011 where we are anticipating several Maryland dignitaries to attend. The facility will house a model assembly and quality control center, university center, and showroom.
SavWatt will attend Lightfair International in Philadelphia on May 17th - May 19th, our booth number is #661. SavWatt will showcase our Eco-Pole and Waterproof Hex Lamp products. All SavWatt staff and distributors will be attending, including SavWatt overseas partners. This international event will mark the official launch of SavWatt and its product line. Lightfair International is the world's largest annual architectural and commercial lighting trade show and conference. It blends continuing education courses with innovative products ranging from high-end design to cutting-edge technology.
SavWatt employee base now consists of 23 personnel and is increasing daily.

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