Show featured William Sawyer, CEO of Lucas Energy (LEI) an Independent oil & gas company with oil properties in the Austin Chalk & Eagle Ford Shale. The Texas based oil & gas production company has 19,200 gross acres of oil properties. The 4400 net acres Lucas owns in the Eagle Ford Trend (EFT) is within an area that is gaining popularity as the hottest American oil play. Lucas Energy (LEI) resources could be significant.
On September 20 an investment analyst firm initiated Coverage and BUY Rating For Lucas Energy click here to read the report.
On September 1, 2011 Lucas Energy announced execution of a non-binding letter of intent to acquire oil and gas assets from Nordic Oil USA I, LLP (“Nordic 1”) in Gonzales, Karnes and Wilson Counties, Texas — Watch Webcast or Hear Audio