LEI

Lucas Energy, Inc.

Ocean Man: Their immediate strategy is to not default on another loan payment so they can avoid bankrupcy.

ruffnekn: buying stripper production and looking for upside certainly isn't an easy model.

ConnorJacobson: I know that 2 largest shareholders were added to the board.... so why would it take such a large drop? thx

ssmith90: it was a good chance to buy the dip IMO & i did.

Energysystems: The force is weak in that one.

ConnorJacobson: Deal, I'll go get on the yahoo message boards

ConnorJacobson: So much for those gains today......

Tom Guttenberger: FYI, I still think it is cheap absent of crazy dilution.

Funkengruven: Glad I set that sell limit last night! Been waiting to get out from under it, and was able to do so w/a small gain.

jvix: MHR had a little bounce off 50 day moving avg I see

Funkengruven: Frustrating... but much better than the previous months. Wed close @ 2.17 Thur cls @ 2.24. Profit taking en masse today I imagine. Long LEI.

blablah: Damn I should have sold all the position ,just broke even@ 2.15 after being underwater so long.Hopefully it will come up some

Ocean Man: Congrats. I held it for months hoping for something like that. Sold a couple weeks ago.

connorj21: hopefully 2.75 - 3.00 is here by end of '12 / early '13

Funkengruven: Holding... holding... hoping!

ssmith90: LEI update http://on.mktw.net/QjMH9L

connorj21: Ya, don't equity offerings usually drop the price?

Ocean Man: I don't understand it. 800,000 shares are being sold tomorrow for 1.65 and it shoots to 1.90.

Ocean Man: It's only a $1 million offering on a $45 million market cap, pretty small. But it's priced at $1.65, and the stock is at $1.80 - unusual.

TruffelPig: The other was like $3 million. They now seem to run operations from dilution. Not buying LEI anymore.

Ocean Man: MHR had a nice 30% run this month, but LEI is just stuck in the mud.

Funkengruven: Today sees MHR up... LEI down... yes, I am stuck with LEI.

Ocean Man: I lightened up at 1.90, holding here, would buy under 1.60.

Ocean Man: EOG, CRZO, ROSE, and CXPO are my top 4 right now. CLR in the Bakken.

vinyal: MHR really?

Tom Guttenberger: Well done. But I am excited for the next flow rate announcement. I think William Sawyer has them on the right track :).

Hillbilly Stock Star: MTDR......bring some Eagle Ford gravy! LoL! Long.

Funkengruven: hoping so... still red for me.