HOUSTON, June 10, 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 begun testing the Gescheidle No.1 well, Gonzales County, Texas. The well is a plug back of a horizontal well in the Austin Chalk formation with straight hole drilling down to the Buda formation. On initial test after perforating and stimulation, the well produced 254 bbls of oil in 24 hours, flowing.
William A. Sawyer, President and CEO of Lucas Energy, said, "The initial test of the Gescheidle No.1 well was above our expectations. Only the lower portion of the Buda was tested. The company may test other intervals in this well bore before final completion. The Gescheidle No.1 well is in the new Eagle Ford play developing in the Gonzales County, Texas area." For more information on this and other activities of the Company, see the Lucas Energy web site www.lucasenergy.com.
The Lucas Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4192
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.