HOUSTON, Sept. 7, 2006 (PRIMEZONE) -- Lucas Energy, Inc. (OTCBB:LUCE), an independent oil and gas company building a diversified portfolio of valuable assets in the United States, today announced that OTC Financial Network, a division of National Financial Communications Corp. ("NFC"), has issued a favorable corporate profile on the Company. The report highlights Lucas Energy's business model, competitive advantages, financial performance and growth strategies. Interested parties can view the report online by visiting http://www.otcfn.com/luce/report.html or call 781-444-6100x613 for reprints.
Geoffrey Eiten, publisher of the OTC Investor Facts, said, "While integrated companies focus largely on major reserve additions, Lucas Energy's innovative business model targets the industry's non-core assets, which are insufficiently capitalized and undervalued, and offer greater upside potential and lower risk compared to unknown, larger reserves. This agile company owns over 6,300 acres, and typically turns acquired wells into high-margin assets within 12 months.
"In August, Lucas Energy closed on a major acquisition of nine producing wells, and gained a number of new, untapped drilling locations in Texas, where it can leverage its existing resources. Now in its sixth consecutive profitable quarter, Lucas Energy routinely re-invests cash flows to increase overall production rates, putting it on an accelerated path to increase shareholder value."
Disclaimer: OTC Financial Network, a division of National Financial Communications Corp., serves as a special advisor to Lucas Energy, Inc. and has received fees for services, including a monthly retainer in the amount of five thousand dollars, plus expenses, for the creation and distribution of materials. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Additional compensation information and a full disclaimer can be found online at http://www.otcfn.com/luce and selecting the "Disclaimer" link.
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Lucas Energy to differ materially from those implied or expressed by such forward-looking statements. This press release speaks as of the date first set forth above and Lucas Energy assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.