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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (40818)	12/27/2010 3:20:07 PM
From: E_K_S	Read Replies (1) \| Respond to of 78486

Re: Lucas Energy, Inc. (LEI) Followed you in on a starter position on LEI. Company will proceed with their horizontal fracture test on the Hagen EF No.2H site in the next 10 days. The investors probably already kicked the tires on this well earlier this month and have a good idea of the outcome of the well test results. I suspect they would not have done the private placement deal if things were going to be marginal. The market is pretty smart about these things. Hilcorp Completes Second Well on Hagen Lease rigzone.com From the article:"...Lucas Energy today announced that its joint venture operating partner, Hilcorp Energy Company, has completed drilling the Hagen EF No.2H, the second Eagle Ford horizontal well on the Hagen Lease in Gonzales County, Texas. Completion and stimulation of both wells is expected to take place in late December 2010 or early January 2011. Lucas has a 15% carried working interest in both wells, which means that Lucas does not have to contribute to the drilling and completion costs. William A. Sawyer, President and Chief Executive Officer of the Company said, "Production is anticipated to commence in January 2011 with revenues commencing in February 2011. This is a milestone in our Eagle Ford horizontal program...." =================================================================== Picked up a tracking position. This is a new E&P to add to my basket. EKS