Corporate Governance

HOUSTON (AP) -- Oil and gas producer Lucas Energy Inc. on Wednesday said it began drilling at the Norris No. 1 well in Gonzales County, Texas, a re-entry of a vertical Austin Chalk well originally drilled down to the Buda and Georgetown formations.

HOUSTON, Aug. 19, 2009 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the "Company") based in Houston, Texas, today announced the commencement of drilling the Norris No.1 well, Gonzales County, Texas, a re-entry of a vertical Austin Chalk well originally drilled down to the Buda and Georgetown formations.

HOUSTON, Aug. 18, 2009 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the "Company"), today announced that the Board of Directors of the Company has approved a temporary adjustment to the Exercise Price for its outstanding warrants issued in connection with a private equity placement completed during the 2nd fiscal quarter ended September 2007 (the "2007 Warrants"). Each 2007 Warrant provides the holder the right to acquire one share of common stock at $8.00 per share, and for a period of 60 days (the "Re-Pricing Period") the Exercise Price for a 2007 Warrant has been adjusted to $1.00 per share.

HOUSTON, Aug. 17, 2009 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the "Company") based in Houston, Texas, reports the financial results from operations for first quarter of fiscal year 2009-2010.

Quarterly Report

HOUSTON, Aug. 10, 2009 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the "Company") based in Houston, Texas, today announced the commencement of drilling the Mills Oil Unit No.1 well, Gonzales County, Texas, a re-entry of an Austin Chalk well completed in a horizontal leg.

HOUSTON, Aug. 5, 2009 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI) an independent oil and gas company (the "Company") based in Houston, Texas, today announced the successful completion of its 2nd Quarter 2009-10 capital raise. Lucas accomplished its financing goal of $1.0 million during this 2nd fiscal quarter through a private equity placement of restricted securities and the sale of working interests in six undeveloped wells to two joint venture partners.

HOUSTON, July 28, 2009 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the "Company") based in Houston, Texas, today announced the kick-off of its LEI 2009-II Capital Program (the "Program"). The Program will be conducted through a joint venture with a U.S. affiliate of a European oil and gas company.

FRISCO, TX--(Marketwire - 07/24/09) - Brokers and accredited investors are encouraged to register now to attend the SWIA Capital Conference in Frisco, Texas on July 25th. To register as an attendee please visit www.swiaconference.net. The Westin Stonebriar Resort is located in the North Dallas Metroplex and is accessible from DFW airport and Love Field. The Westin Stonebriar is at 1549 Legacy Drive, Frisco, TX 75034 (972) 668-8000. The networking breakfast and registration will begin at 8:00 am with the first company presentation starting at 9:00 am and will run in fifteen minute segments until 12:00 pm. Lunch will run from 12:00-1:00 pm at which time Albert Meyer with Bastiat Capital will be speaking. The conference will conclude at 1:00 pm.

Income Statement

Lucas is an independent oil and gas company based in Houston, Texas that holds approximately 15,100 gross acres under oil and gas leases in South Texas primarily in the Gonzales County, Texas area. Our strategy is to acquire underperforming oil and gas assets in which we believe we can increase production. We focus on building, revitalizing and developing a diversified portfolio of oil and gas properties. In addition to our approximately 12,600 net acreage position under oil and gas leases, we currently operate 26 producing wells that produce approximately 125 - 135 barrels of oil per day ("BOPD"), gross. We control another 16 shut-in or plugged wells bores. We own 100% working interest in all but one of our operated wells. We also hold non-operating interests in 3 wells in Gonzales, Texas.