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 [...]
Lucas Energy, an independent oil and gas company with operations in Texas, today announced anticipated development activities and its fiscal 2015 second quarter results for the three month period ending September 30, 2014. Mr. Anthony C. Schnur, the Company's Chief Executive Officer stated, "Our second quarter of fiscal 2015 was a transformational period for the Company as we stepped up our aggressive growth posture [...]
Lucas Energy, an independent oil and gas company with its operations in Texas, today announced the Company has regained compliance with the NYSE MKT listing standards, contingent on meeting certain conditions by December 4, 2014. The Company had previously presented its plan of compliance on March 28, 2014 in a letter to the Exchange, in response to a notice that the Company was below certain of the NYSE MKT continued [...]
Lucas Energy today announced that it has completed the sale of its 100% working interest in oil and gas leases and wells/wellbores in Madison County, Texas for $700,000. The cash transaction includes approximately 450 net mineral acres primarily in the Buda and Glen Rose formations. Management determined this acreage to be non-core and has utilized the proceeds to purchase leaseholds in Gonzales County, Texas in addition [...]
Lucas Energy today announced that it has signed a binding participation agreement with Oak Valley Resources, to jointly develop the Company's Karnes County, Texas acreage in the Eagle Ford shale formation. At closing Lucas will receive $444,000 for a 50% working interest on approximately 400 acres. OVR will manage the drilling of the wells and each company will bear 50% of the drilling and completion costs. Once the [...]
Lucas Energy today announced that the NYSE MKT notified the Company that it has been granted an extension until October 31, 2014 to regain compliance with the NYSE MKT continued listing standards. The Company had previously presented its plan of compliance on March 28, 2014 in a letter to the Exchange, in response to a notice that the Company was below certain of the NYSE MKT continued listing standards, as set forth in [...]
Lucas Energy today announced its fiscal 2015 first quarter results for the three-month period ending June 30, 2014 and the filing of its Quarterly Report on Form 10-Q on August 14, 2014. "We continue to pursue strategic alternatives to reposition the Company to initiate development of the Eagle Ford shale and throughout this process have maintained a focus on controlling costs and stabilizing production," said Anthony C [...]
+120,00 %
-53,57 %
