Exploration & Production | Quarterly / Earnings Reports
Lucas Energy to Deepen Texas Wells, Add New Laterals
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Lucas Energy Inc. has reported its fiscal 2014 first quarter results for the period ending June 30, 2013 and the filing of its Form 10-Q Quarterly.
The Company also entered into a $7.5 million loan with a third party signaling a growing confidence in the Company's prospects as well as management's direction of the Company over the last eight months.
Anthony C. Schnur, Lucas Energy's Chief Executive Officer, stated, "The recent quarterly results are reflective of the last of our clean-up efforts to position the Company for growth and our undertaking of an extensive technical reassessment of our assets and opportunities. We now intend to initiate the development of our lower-cost opportunities while moving toward higher-producing development targets. To finance this 'grow-into-growth'…
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