8-K 1 lucas8k061011.htm lucas8k061011.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)    June 10, 2011
 
 
 Lucas Energy, Inc.
(Exact name of registrant as specified in its charter)
 
Nevada
001-32508
98-0417780
(State or other jurisdiction of incorporation)
(Commission File
Number)
(I.R.S. Employer Identification No.)

3555 Timmons Lane,
Suite 1550, Houston, Texas
77027
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code (713) 528-1881
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
All statements that are included in this Report and the attachments hereto, other than statements of historical fact, are forward-looking statements. Forward-looking statements involve known and unknown risks, assumptions, uncertainties, and other factors. Statements made in the future tense, and statements using words such as “may,” “can,” “could,” “should,” “predict,” “aim’” “potential,” “continue,” “opportunity,” “intend,” “goal,” “estimate,” “expect,” “expectations,” “project,” “projections,” “plans,” “anticipates,” “believe,” “think,” “confident” “scheduled” or similar expressions are intended to identify forward-looking statements. Forward-looking statements are not a guarantee of performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and are beyond our control, and which risks and uncertainties have been described in greater detail in our Form 10-K and Form 10-Q filings with the Commission. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. We caution you not to place undo reliance on the forward-looking statements, which speak only as of the date of this Report. We disclaim any obligation to update any of these forward-looking statements as a result of new information, future events, or otherwise, except as expressly required by law.
 
 
 

 
ITEM 7.01 REGULATION FD DISCLOSURE.
 
Lucas Energy, Inc. (the “Company”, “we” or “us”) has prepared certain information which it plans to present to third parties in connection with a PowerPoint Presentation (the “Presentation”), which information includes certain information not previously publicly disclosed, including the fact that the Company currently owns an aggregate of approximately 4,400 net acres in the Eagle Ford trend located in south Texas. A copy of the Presentation is being furnished as Exhibit 99.1 to this Form 8-K.
 
The information and disclosures provided in the Presentation have not been audited or reviewed by the Company’s independent auditing firm or independent reserve and reservoir engineers. Such information is provided for informational purposes only and may be materially different from the Company’s unaudited and audited financial information, third party reserve reports, and/or other information as filed in connection with the Company’s future Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. As such, investors are cautioned not to put undue influence on such information.
 
The information contained in this Item 7.01, including the related information set forth in the Presentation attached hereto and incorporated by reference herein, is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended or otherwise subject to the liabilities of that section. The information in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such a filing.  By including this Item 7.01 disclosure in the filing of this Report on Form 8-K and furnishing this information, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

EXHIBIT NO.
DESCRIPTION
   
99.1*
PowerPoint Presentation

* Filed herewith.
  
 
Signature
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
LUCAS ENERGY, INC.
   
 
By: /s/ William A. Sawyer
 
Name:  William A. Sawyer
 
Title:   President & CEO

Date: June 10, 2011
 
 
-2-

 
EX-99.1 3 ex99_1.htm

1 LUCAS ENERGY NYSEAmex: LEI Lucas Energy, Inc. Presentation June 2011

1 LUCAS ENERGY NYSEAmex: LEI Lucas Energy, Inc. Presentation June 2011

 
 

NYSEAmex: LEI www.lucasenergy.com 2 LUCAS ENERGY NYSEAmex: LEI

 
 

Certain statements made during this presentation are forward - looking and are subject to risks and uncertainties . The forward - looking statements made are based on our beliefs, assumptions and expectations of future performance, taking into account all information currently available to us . Actual results could differ materially from the forward - looking statements made during this presentation . When we use the words "believe," "expect," "anticipate," "plan," "will," "intend" or other similar expressions, we are identifying forward - looking statements . The forward - looking statements made during this presentation are subject to the safe harbor of the Private Securities Litigation Reform Act of 1995 . We refer you to our filings with the Securities and Exchange Commission for a more detailed discussion of the risks that may have a direct bearing on our operating results, performance and financial condition . 3 LUCAS ENERGY – Safe Harbor NYSEAmex: LEI

 
 

4 LUCAS ENERGY – Historical Data NYSEAmex: LEI January 2009 June 2011 Stock Price ˜ $0.44/share ˜ $2.75/share Ave daily volume ˜ 19,000 shares/day ˜ 2.1 million shares/day Shares outstanding ˜ 8 million shares ˜ 16.6 million shares Shares in float ˜ 2 - 3 million shares ˜ 13 million shares Shareholders ˜ 500 ˜ 8,000

 
 

5 LUCAS ENERGY – Oil Prices NYSEAmex: LEI $50.00 $60.00 $70.00 $80.00 $90.00 $100.00 $110.00 Jul - 10 Aug - 10 Sep - 10 Oct - 10 Nov - 10 Dec - 10 Jan - 11 Feb - 11 Mar - 11 Apr - 11 Actual Wellhead Oil Prices $/bbl

 
 

6 LUCAS ENERGY – Griffin Oil Unit No.2 NYSEAmex: LEI Net profit over $1.2 million on a $120,000 investment. Well is still making about 10 BOPD today.

 
 

7 LUCAS ENERGY – Hagen EF No.1H & No.2H NYSEAmex: LEI

 
 

8 LUCAS ENERGY – Business Plan NYSEAmex: LEI » Acquire acreage with low producing, shut in, or abandoned wells. » Improve production from old wells. » Look for underlying potential. » Develop underlying potential if within LEI budget. » Seek joint venture partners for larger cost development projects.

 
 

9 LUCAS ENERGY - Assets NYSEAmex: LEI » Austin Chalk/Eagle Ford Trend – Atascosa, Gonzales, Karnes, Wilson, Jasper, & Sabine Counties, Texas; and McKinley County, New Mexico. » About 33,000 gross acres. » About 20,000 gross acres in Texas. » About 4,400 net acres in Eagle Ford.

 
 

10 LUCAS ENERGY - Focus NYSEAmex: LEI

 
 

11 LUCAS ENERGY – Joint Ventures NYSEAmex: LEI » Hilcorp – 4 th largest privately owned oil company in America. Sold out Eagle Ford acreage to Marathon. » Nordic Oil USA I LLLP – oil and gas partnership. » Hall Phoenix Oil & Gas – Private investment group. » Marathon Oil Company – Large oil and gas company.

 
 

12 LUCAS ENERGY – Marathon Hilcorp Acquisition NYSEAmex: LEI » Marathon acquired all of Hilcorp’s (and KKR’s) Eagle Ford assets. » Price reported is $3.5 billion. » Assets include approximately 140,000 net acres. » Marathon will takeover operations in 6 months. » Marathon will increase drilling from 6 rigs ( Hilcorp activity) up to 20 rigs.

 
 

13 LUCAS ENERGY – Where is Lucas in this? NYSEAmex: LEI » LEI was a joint venture partner with Marathon in 4,900 gross acres in the oil window in Wilson County,Texas . » LEI was a joint venture partner with Hilcorp in 13,600 gross acres in the oil window in Gonzales County, Texas. » Now, LEI is a joint venture partner with Marathon in 18,500 gross acres in the oil window in Wilson and Gonzales Counties, Texas.

 
 

14 LUCAS ENERGY – Potential benefits to Lucas NYSEAmex: LEI » LEI has increased it joint venture position with Marathon, a larger partner. » Increased development activity as Marathon is more aggressive in the oil window. » Increased valuation of LEI’s Eagle Ford properties.

 
 

15 LUCAS ENERGY – Potential Evaluation NYSEAmex: LEI Marathon paid $3.5 billion less $0.5 billion proved producing = $3.0 billion divided by 140,000 net acres = $21,400 per net acre. Lucas has 4,400 net acres times $21,400 per net acres = $94 million divided by 22,460,000 shares = $4.20 per share (fully diluted) Eagle Ford only.

 
 

16 LUCAS ENERGY – Annual Volumes NYSEAmex: LEI 0 10,000 20,000 30,000 40,000 50,000 60,000 2005 - 06 2006 - 07 2007 - 08 2008 - 09 2009 - 10 2010 - 11 Gross Annual Production

 
 

17 LUCAS ENERGY – This Year (2011 - 12) NYSEAmex: LEI Gross Operated Production Target Current production - 200 BOPD Workover of old wells - 100 BOPD New Austin Chalk laterals - 200 BOPD New Austin Chalk horizontal wells - 300 BOPD Total increase from operated wells - 800 BOPD Estimated net interest in operated wells is 50%.

 
 

18 LUCAS ENERGY – This Year (2011 - 12) NYSEAmex: LEI Gross Non - operated Production Target Current production - 400 BOPD New Eagle Ford horizontal wells - 600 BOPD Total increase from operated wells - 1,000 BOPD Estimated net interest in non - operated wells is 11%.

 
 

19 LUCAS ENERGY – Market Factors NYSEAmex: LEI » Trade on NYSE Amex as LEI » Outstanding Shares: 16.6 million » Average daily volume: 3,157,070 » 52 week hi/low: $5.23 / $1.35 » Market cap: $48.11 million at 6/8/11 » Debt: None » Fiscal Year: March 31 » Annual Meeting: TBD

 
 

Corporate Office 3555 Timmons Lane, Suite 1550 Houston, Texas 77027 Tel (713) 528 - 1881 Fax (713) 337 - 1510 www.lucasenergy.com 20 LUCAS ENERGY - Contact Info NYSEAmex: LEI