at CNBC.com (Dec 12, 2014)
An internal review of Lucas Energy’s (LEI +11.1%) Eagle Ford properties shows as much as 14.5M bbl/day of oil, a big boost from its previous estimate of 3.7M bbl/day. The new estimate would take LEI’s Eagle Ford value to more than $275M, a useful number to evaluate offers by potential buyers or to assist in any decision of whether to develop or sell properties.
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