Seeking Alpha

Lucas Energy, Inc. (LEI)

  • Dec. 26, 2012, 3:38 PM
    Lucas Energy (LEI +19%) soars after saying it recently completed the sale of it Baker Deforest Unit, located in Gonzales and Dewitt Counties, Texas, for $4M. The company on Friday also announced the appointment of Ryan J. Morris as its chairman of the board of directors and amended and restated its bylaws, including the reduction of the required ownership percentage of stockholders required to call a special meeting to at least 10% of all shares entitled to vote, which is down from 30%.
    | Dec. 26, 2012, 3:38 PM | Comment!
Company Description
Lucas Energy Inc is an oil and gas company. It is engaged in the development and acquisition of onshore properties in Texas. Its operations are located in the Eagle Ford and Austin Chalk trends in Wilson and Gonzales counties.