Announces Return of Victory Assets Held in Escrow HOUSTON, Sept. 9, 2015 /PRNewswire/ -- Lucas Energy Inc. (NYSE MKT: LEI) ("Lucas" or the "Company"), an independent oil and gas company with its operations in Texas, today announced that the NYSE MKT (the "Exchange") has notified the Company that it has regained compliance with the NYSE MKT continued listing standards. On February 28, 2014, Lucas received notice that the [...]
HOUSTON, Sept. 1, 2015 /PRNewswire/ -- Lucas Energy Inc. (NYSE MKT: LEI)("Lucas" or the "Company"), an independent oil and gas company with its main operations in Texas, today announced that it has entered into a Line of Credit and an amendment of its senior secured note, effective on August 28, 2015. Pursuant to the Line of Credit, and subject to various closing conditions, including the Company's common stock continuing [...]
HOUSTON, Aug. 14, 2015 /PRNewswire/ -- Lucas Energy Inc. (NYSE MKT: LEI)("Lucas" or the "Company"), an independent oil and gas company with its main operations in Texas, today announced its financial results for its fiscal 2016 first quarter, the three months ended June 30, 2015, and the filing of its Quarterly Report on Form 10-Q. "Significant flooding in June hampered our production results during the quarter as [...]
HOUSTON, July 17, 2015 /PRNewswire/ -- Lucas Energy Inc. (NYSE MKT: LEI)("Lucas" or the "Company"), an independent oil and gas company with its main operations in Texas, today announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended March 31, 2015, which was filed with the Securities and Exchange Commission on July 14, 2015, the audited financial statements for the year ended March 31 [...]
REPORTS 2015 PROVED RESERVES OF APPROXIMATELY 5.1 MILLION BARRELS OF OIL EQUIVALENT HOUSTON, July 14, 2015 /PRNewswire/ -- Lucas Energy Inc. (NYSE MKT: LEI)("Lucas" or the "Company"), an independent oil and gas company with its main operations in Texas, today announced its fourth quarter and fiscal year-end results for the periods ending March 31, 2015 and the filing of its Annual Report on Form 10-K on July 14, 2015 [...]
HOUSTON, July 2, 2015 /PRNewswire/ -- Lucas Energy Inc. (NYSE MKT: LEI) ("Lucas" or the "Company"), an independent oil and gas company with its operations in Texas, today announced that, pursuant to the authorization provided by the Company's stockholders at the Company's March 25, 2015 annual meeting, and in order to meet the continued listing standards of the NYSE MKT, the Board of Directors has approved the filing of [...]
COMPLETES SALE OF INTERESTS IN KARNES COUNTY ACREAGE HOUSTON, June 30, 2015 /PRNewswire/ -- Lucas Energy Inc. (NYSE MKT: LEI) ("Lucas" or the "Company"), an independent oil and gas company with its operations in Texas, today announced that on June 25, 2015, the Company entered into a Settlement Agreement and Mutual Release with Victory Energy Corp. ("Victory"). As part of the settlement, Lucas will transfer certain [...]
PURSUING TRANSACTION OPTIONS HOUSTON, May 15, 2015 /PRNewswire/ -- Lucas Energy Inc. (NYSE MKT: LEI) ("Lucas" or the "Company"), an independent oil and gas company with its operations in Texas, today announced that on May 11, 2015, the non-binding letter of intent (the "Letter of Intent") previously entered into between Victory Energy Corp. ("Victory") and Lucas was terminated. The Letter of Intent provided that either [...]
Lucas Energy today announced that it entered into a collaboration agreement and a separate funding agreement with Victory Energy on February 26, 2015. These agreements represent a milestone toward completing the planned business combination with Victory. The collaboration agreement provides for the transfer of certain well rights in seven Eagle Ford Shale wells to Victory which is now required to fund the development of [...]
Victory Energy and Lucas Energy announced today that they have executed a Letter of Intent and Term Sheet for a proposed business combination between the two companies. The business combination is contingent on the signing of a definitive merger agreement, which will contain customary terms and conditions. The parties expect that the business combination will involve the issuance of equity by Lucas to Victory's [...]
January Interest Payment Waived by Lender With No Further Action Taken To Date HOUSTON, Jan. 30, 2015 /PRNewswire/ -- Lucas Energy Inc. (NYSE MKT: LEI) ("Lucas" or the "Company"), an independent oil and gas company with its operations in Texas, today announced that the Company has failed to make a required principal payment that was due on December 13, 2014 under the terms of the Amended Loan Agreement. Specifically [...]
HOUSTON, Dec. 16, 2014 /PRNewswire/ -- Lucas Energy Inc. (NYSE MKT: LEI) ("Lucas" or the "Company"), an independent oil and gas company with its operations in Texas, today announced that the NYSE MKT (the "Exchange") notified the Company that it has been granted an extension until January 31, 2015 to regain compliance with the NYSE MKT continued listing standards. The Company had previously presented its plan (the "Plan [...]