The CEO gave a good presentation at our luncheon on Friday, August 16. This is definitely a turnaround story worth keeping an eye on. They appear to have some "Quick Hit" well clean-ups that should give production a boost (maybe 50 BOPD) and they definitely have some valuable Eagle Ford acreage. In Gonzales County their acreage is just north of where EOG has recently completed some very good wells. They only have 15% WI in the block, which is operated by Marathon.
We did not record the presentation as we are still having technical difficulties with that. I will post their presentation to the website.
Lucas Energy (LEI)
Lucas Energy (LEI)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group