CybeRelease: (OTC: LUCE) Starts Workover Program
(CybeRelease, April 24, 2007) – Lake Harmony, Pa. - Lucas Energy, Inc. (OTC BB: LUCE), a U.S.-based independent oil and gas company, announced it has begun its workover program of the wells acquired from the Delphic Oil and Gas company in December of 2006. The Delphic assets represent 4 properties and 6 wells with a total of 1172.29 acres.
Testing on two of the wells has shown “virgin pressure” at depth. This is a good indication that production can be increased with further drilling and stimulation techniques. The company is also encouraged by recent engineering indicating future development locations.
The company plans to include these proved undeveloped locations in its fiscal 2008 drilling program which began April 1, 2007.
The complete financial results for the first fiscal quarter ended December 31, 2006 are available on Form 10-QSB at http://www.sec.gov.
LUCAS ENERGY, Inc. (OTC BB: LUCE; http://www.lucasenergy.com) is an independent crude oil and gas company building a diversified portfolio of valuable oil and gas assets in the United States. The company is focused on identifying underperforming oil and gas assets, which are revitalized through a meticulous process of evaluation, application of modern well technology, and stringent management controls. This process allows the company to increase its asset base and cash flow through its investment portfolio, while significantly reducing the risk of traditional exploration projects. The Company’s headquarters are located at 3000 Richmond Avenue, Suite 400, Houston, Texas 77098.
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