Lucas Energy, Inc. (LEI)
Lucas Energy, Inc. is a public company that trades oil and gas on the NYSE Amex, symbol LEI. Lucas Energy, Inc. acquires shut in, abandoned, and low producing wells that still have possible potential. Currently, Lucas Energy controls 75 well bores in Texas that are under the prior circumstances with goal to get these old wells back into production. In addition, Lucas Energy has a large acreage asset of approximately 15,000 acres in Gonzales, Texas. Some of the goals that Lucas Energy has set for themselves includes increasing gross production to a target level of 1,000 BOPD in the 2010-2011 fiscal year, shifting back towards profitability with increased production, continuing investor education, and improve shareholder value.
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