HOUSTON, April 20, 2010 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI) an independent oil and gas company (the "Company") based in Houston, Texas, today announced that the Company has completed Ebrom No.1 well on March 25, 2010. The well is a re-entry of a straight hole well in the Austin Chalk formation and tested 85 BOPD with no water, pumping. Intangible cost for re-entry of the well was less than $75,000 through completion.
William A. Sawyer, President and CEO of Lucas Energy, said, "The Ebrom No.1 well is a part of our 2009-III Joint Venture program. This well exemplifies the profitability of putting old wells back on production." For more information on this and other activities of the Company, see the Lucas Energy web site www.lucasenergy.com.
Forward-Looking Statement
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects," "projects," "plans," "feels," "anticipates" and certain of the other foregoing statements may be deemed "forward-looking statements." Although Lucas Energy believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. The Company's complete filings with the Securities and Exchange Commission are available at http://www.sec.gov
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