Light Media and DCD Operating Partner to Maximize Recoverable Oil and Gas
01 Novembre 2010 - 2:30PM
Marketwired
Further diversifying its portfolio, Light Media (PINKSHEETS: LGMH)
announced today that it has entered into a strategic alliance, with
DCD Operating, granting Light Media the right to exclusively: (1)
acquire 50% of DCD Operating; and (2) spearhead efforts to maximize
DCD Operating's recoverable crude petroleum and natural gas
interests located in Gillette, Wyoming ("Energy Capital of the
Nation"). DCD Operating specializes in Crude Petroleum and Natural
Gas extraction, in Wyoming, with over 28 years of oil and gas
industry expertise. Financial terms of the transaction are
undisclosed. For more information, click here:
DCD
Operating Oil and Gas Appraisal.
In 2008, renowned Russian Petroleum expert Dr.
Vladimir Serebryakov authored an appraisal of DCD Operating
oil and gas interests estimating approximately: 1,981,500 barrels of recoverable oil and 1,420,400 mcf (thousand cubic feet) of recoverable
natural gas. To view a copy of the 2008 DCD Operating ((61-pages)
Appraisal Report covering 28 Wells), click on the following link:
DCD Operating Oil and Gas Appraisal (or
copy/paste the following link in your web-browser to view the 2008
DCD Operating Inc. Appraisal Report): https://acrobat.com/#d=xXAcyc6f57lDEVryud9jHw
About Light Media:
Light Media (PINKSHEETS: LGMH) is a diversified holding company
for an array of assets. For more info., please visit:
www.LightMediaHoldings.com
Cautionary Note Regarding Forward-Looking
Statements: This press release contains statements, which may
constitute "forward-looking statements" within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
Those statements include statements regarding the intent, belief or
current expectations of Light Media (PINKSHEETS: LGMH) and members
of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements.
Contact: Light Media Email Contact
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