HOUSTON, Oct. 6, 2009 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI) an independent oil and gas company (the "Company") based in Houston, Texas, today announced that the Ervin No.1 well, Gonzales County, Texas has reached TD (total depth) and has been logged and cased. Preliminary analysis of the well logs indicate the potential for completions in three intervals: (1) the Buda formation, (2) the Eagleford Shale formation, and (3) the Austin Chalk formation. Expectations are that the successful completion of any one of these formations could result in a 5-10% increase in the Company's net production.
William A. Sawyer, President and CEO of Lucas Energy, said, "The Ervin No.1 well is a part of our 2009-II joint venture program with partners that we hope will participate in additional drilling and workovers beyond the current six well program." Additional information will be posted on the Lucas web site (www.lucasenergy.com) within the next few days.
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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