Post by Hot Christian Stocks on May 8, 2012 14:40:23 GMT -5
LEI - Lucas Energy, Inc.
Lucas Energy, Inc. is a publicly traded oil and gas company on the NYSE Amex with the symbol LEI. The Company acquires low producing, shut in, or abandoned oil wells with underlying potential. Currently, Lucas Energy has acreage in the fast growing Eagle Ford Trend in Central Texas near San Antonio. Lucas has not departed from it base business plan of (1) acquiring wells at a low cost, (2) improving production in the wells, and (3) developing the underlying upside potential with joint venture partners.
Lucas Energy, Inc. Disclosure Policy
All shareholders can request from the Company a hard copy of the company’s complete audited financial statements free of charge. The last such report (Form 10-K) for Lucas Energy, Inc. was filed with the SEC on June 28, 2011.
3555 Timmons Lane, Suite 1550
Houston, TX 77027
Phone: (713) 528-1881 Fax: (713) 337-1510
www.lucasenergy.com/
www.otcmarkets.com/stock/LEI/company-info
William A. Sawyer – President and CEO
Mr. Sawyer is a proven hands-on energy executive with over 35 years of diversified experience in the energy industry with firms such as ARCO, Houston Oil & Minerals, The Superior Oil Company, and Energy Resources Company (ERCO). He founded the petroleum consulting firm of Exploitation Engineers, Inc. in 1980; The firm of Plantation Petroleum Corporation in 1981; and Lucas Energy, Inc. in 2004. As a registered professional engineer (now called a licensed professional engineer), Mr. Sawyer has provided petroleum consulting services to private investors, independent oil companies, banking institutions, major energy and chemical companies, and the US government. Mr. Sawyer has been an expert witness in federal court, state court, and before several state agencies in Texas and Oklahoma for both private clients and the United States of America. Although his expertise is broad with respect to petroleum engineering, Mr. Sawyer feels his best efforts are to focus on older wells. He earned his Bachelor of Science in Chemical Engineering from Louisiana State University (1970) and his Masters of Business Administration from Southern Methodist University (1976).
Lucas Energy, Inc. is actively acquiring producing, shut in, or abandoned oil wells in the Austin Chalk/Eagle Ford/Eaglebine Trend in Texas. Lucas locates and acquires oil and gas properties with abandoned, shut in, or low producing wells. Then the wells are put back on production to create cash flow and to enhance the lease value. Finally, Lucas looks for the underlying value in the properties. If the underlying value is within its budget, Lucas develops the lease with internal capital. If the project to develop the underlying value is too large for Lucas’ budget, then the Company seeks outside joint venture partners. In the fiscal year 2011-12 (ending March 31, 2012), Lucas was a joint venture partner with several entities including: Marathon Oil Company, Seidler Oil & Gas, and Nordic Oil USA 1.
Through the third quarter of the fiscal year 2011-12, Lucas Energy, Inc. drilled one new Austin Chalk horizontal well and two new Austin Chalk laterals from older horizontal wells in Gonzales County, Texas. Currently, Lucas is drilling a second new Austin Chalk horizontal well and starting to commence drilling a third new Austin Chalk lateral from an older well. In this last quarter, Lucas anticipates drilling a fourth new Austin Chalk horizontal well and two more new Austin Chalk laterals from older horizontal wells.
www.lucasenergy.com/current-activities/
Lucas Energy, Inc. is a publicly traded oil and gas company on the NYSE Amex with the symbol LEI. The Company acquires low producing, shut in, or abandoned oil wells with underlying potential. Currently, Lucas Energy has acreage in the fast growing Eagle Ford Trend in Central Texas near San Antonio. Lucas has not departed from it base business plan of (1) acquiring wells at a low cost, (2) improving production in the wells, and (3) developing the underlying upside potential with joint venture partners.
Lucas Energy, Inc. Disclosure Policy
All shareholders can request from the Company a hard copy of the company’s complete audited financial statements free of charge. The last such report (Form 10-K) for Lucas Energy, Inc. was filed with the SEC on June 28, 2011.
3555 Timmons Lane, Suite 1550
Houston, TX 77027
Phone: (713) 528-1881 Fax: (713) 337-1510
www.lucasenergy.com/
www.otcmarkets.com/stock/LEI/company-info
William A. Sawyer – President and CEO
Mr. Sawyer is a proven hands-on energy executive with over 35 years of diversified experience in the energy industry with firms such as ARCO, Houston Oil & Minerals, The Superior Oil Company, and Energy Resources Company (ERCO). He founded the petroleum consulting firm of Exploitation Engineers, Inc. in 1980; The firm of Plantation Petroleum Corporation in 1981; and Lucas Energy, Inc. in 2004. As a registered professional engineer (now called a licensed professional engineer), Mr. Sawyer has provided petroleum consulting services to private investors, independent oil companies, banking institutions, major energy and chemical companies, and the US government. Mr. Sawyer has been an expert witness in federal court, state court, and before several state agencies in Texas and Oklahoma for both private clients and the United States of America. Although his expertise is broad with respect to petroleum engineering, Mr. Sawyer feels his best efforts are to focus on older wells. He earned his Bachelor of Science in Chemical Engineering from Louisiana State University (1970) and his Masters of Business Administration from Southern Methodist University (1976).
Lucas Energy, Inc. is actively acquiring producing, shut in, or abandoned oil wells in the Austin Chalk/Eagle Ford/Eaglebine Trend in Texas. Lucas locates and acquires oil and gas properties with abandoned, shut in, or low producing wells. Then the wells are put back on production to create cash flow and to enhance the lease value. Finally, Lucas looks for the underlying value in the properties. If the underlying value is within its budget, Lucas develops the lease with internal capital. If the project to develop the underlying value is too large for Lucas’ budget, then the Company seeks outside joint venture partners. In the fiscal year 2011-12 (ending March 31, 2012), Lucas was a joint venture partner with several entities including: Marathon Oil Company, Seidler Oil & Gas, and Nordic Oil USA 1.
Through the third quarter of the fiscal year 2011-12, Lucas Energy, Inc. drilled one new Austin Chalk horizontal well and two new Austin Chalk laterals from older horizontal wells in Gonzales County, Texas. Currently, Lucas is drilling a second new Austin Chalk horizontal well and starting to commence drilling a third new Austin Chalk lateral from an older well. In this last quarter, Lucas anticipates drilling a fourth new Austin Chalk horizontal well and two more new Austin Chalk laterals from older horizontal wells.
www.lucasenergy.com/current-activities/