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Lucas Energy, Inc.
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(Exact name of registrant as specified in its charter)
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Nevada
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001-32508
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98-0417780
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(State or other jurisdiction of incorporation)
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(Commission File
Number)
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(I.R.S. Employer Identification No.)
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3555 Timmons Lane,
Suite 1550, Houston, Texas
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77027
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(Address of principal executive offices)
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(Zip Code)
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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EXHIBIT NO.
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DESCRIPTION
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99.1*
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PowerPoint Presentation
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LUCAS ENERGY, INC.
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By: /s/ K. Andrew Lai
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Name: K. Andrew Lai
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Title: Chief Financial Officer
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Acquire acreage with low producing, shut in, or abandoned wells.
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Improve production from old wells.
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Look for underlying potential.
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Develop underlying potential if within LEI budget.
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Seek joint venture partners for larger cost development projects.
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Austin Chalk/Eagle Ford Trend – Atascosa, Gonzales, Karnes, Wilson, Jasper, & Sabine Counties, Texas.
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About 20,000 gross acres in Texas.
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Almost 100% interest in Austin Chalk and above.
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About 4,400 net acres in Eagle Ford.
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Marathon Oil Company
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Seidler Oil & Gas
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Various foreign groups
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Sell New Mexico interests.
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Sell Eagle Ford interests.
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Buy our Nordic 1 interests.
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Raise $20 million in small joint ventures.
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Raise $100-300 million in a large joint venture.
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Drill new Austin Chalk laterals from old well bores.
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Drill new Austin Chalk wells.
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Sold New Mexico interests for $4 million.
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Concluding Nordic 1 buyout.
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Raised approximately $2 million in small joint venture capital.
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Drilled 1 new Austin Chalk lateral.
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Drilled 1 new Austin Chalk well.
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Drilling 1 new Austin Chalk lateral.
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Sold to Nordic 2.
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Sales price - $4 million.
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Original acquisition cost - $2 million.
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Adjustments - $0.9 million.
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Net proceeds - $3.1 million.
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55% profit in less than one year.
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Acquiring all working interests of Nordic 1.
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Gonzales, Karnes, and Wilson Counties, Texas.
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Lucas is current operator.
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Austin Chalk and Eagle Ford interests.
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$22 million in the form of a non-recourse note.
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Awaiting approval of Nordic 1 shareholders.
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New Austin Chalk well.
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Partners with Seidler, and others.
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LEI has about 30% working interest.
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Produces approximately 80-100 BOPD.
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Pumping well.
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New Austin Chalk lateral from an old well bore.
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Previous lateral caved in.
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LEI has 100% working interest.
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Produces approximately 80-100 BOPD.
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Pumping well.
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New Austin Chalk lateral from an old well bore.
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Extending lateral out further.
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Partners are Seidler, and others.
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About to kick off lateral.
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Year 2010-11 – 56,813 (156 BOPD).
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1st qtr 2011-12 – 195 BOPD.
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2nd qtr 2011-12 – 193 BOPD.
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October to date – 270 BOPD.
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Forecast – 300 BOPD average for last 6 months.
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Target – end year at 500 BOPD.
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