Dec 14, 2012: Lucas Energy Announces Appointment of New CEO and Director Dec 17, 2012: Lucas Energy Announces Status of Note Payable & Lawsuit Dec 21, 2012: Lucas Energy Announces Completion of 4 Million Asset Sale Dec 21, 2012: Lucas…
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An asset-rich O&G company Significant acreage positions in the Eagle Ford resource play as well as Austin Chalk, Buda and Glen Rose formations Extensive technical reassessment of our reserve base & undeveloped acreage reveals…
We are pleased with our progress to date. The final step in the five goals outlined in December was to solidify our capital position and long-term development strategy. Our recent registered direct common stock offering (pending…
Areas of focus in South & East Texas KEY STOCK INFORMATION Eagle Ford Shale (oil window) Austin Chalk Stock Price (September 4, 2013) 1.28 Buda - Glen Rose Stock Symbol / Exchange LEI / NYSE MKT Significant proved acreage position…
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FISCAL YEAR-END RESERVE REPORT TOTAL PROVED 2013 PDP PUD TOTAL PROVED PROBABLE & PROBABLE Net Oil (Mbbl) 251 4,880 5,131 1,439 6,570 Net Gas (Mmcf) 0 2,643 2,643 1,378 4,021 Net BOE (6:1) 251 5,320 5,572 1,669 7,240 Undisc. CF (MM)…
Lucas Energy Inc. is now at the threshold of its growth step. The opportunity is present, clear and abundant for a company our size: 288 Million Future Net Cash Flow based on Proved Reserves as defined by an independent third party…
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LEI ACREAGE 12,500 Net Austin Chalk 4,000 Net Eagle Ford DEVELOPMENT POTENTIAL 75+ Eagle Ford Drilling Locations (LEI at 15% / Marathon at 85%) 25+ Chalk Drilling Locations (Largely 100% WI Locations) 12
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LEI ACREAGE 2,000 Net Eaglebine, Buda- Glen Rose* (*Includes Optioned Acreage the Company may or may not exercise the right to purchase) DEVELOPMENT POTENTIAL 10+ Buda-Glen Rose Drilling Locations No Reserves Booked to Leon…
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GROW INTO GROWTH ILLUSTRATED = Capital Infusion New Drills New Laterals & Clean Outs Deepenings & Work Overs = Production & Cash Flow 17
New management team improves operating efficiencies over first six months: Selected Financial Results 6 Mos 6 Mos YOY ( 000s) Ended Ended Variance Slight revenue decline reflects 6/30/2012 6/30/2013 (%) Net Operating Revenues 3,470…
LEI Weekly Closing Price (Jan 2009 - Current) 4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 - LEI stock price volatility 2010 2012 based on news-driven events centered on Eagle Ford shale transactions and updates…
THE NEW LUCAS ENERGY Lucas Energy has never had an asset problem Made the strategic shift toward asset development Now have key ingredients for successful execution: a) Good Assets, b) Access to Capital and c) an Experienced…