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Lucas Energy Announces High Initial Production Rate At Hagen Ranch No.3 Well

Posted on: Tuesday, 6 November 2007, 12:00 CST

HOUSTON, Nov. 6, 2007 (PRIME NEWSWIRE) -- Lucas Energy, Inc. (OTCBB:LUCE), a U.S. based independent oil and gas company, is pleased to announce an initial production rate for the Hagen Ranch No. 3 well, southwest of Gonzales, Texas.

The initial production rate from the Hagen well showed 163 BOPD and no water, considerably increasing Lucas' total daily production revenue. This is the first new lateral of the fiscal 2008 drilling program previously announced on Aug 30, 2007, and has proven highly successful. The program consists of an aggressive twelve month, ten well drilling program focused on substantially increasing production from its portfolio of over thirty properties.

The management of Lucas Energy continues to show their ability to successfully increase production and reserves. The initial potential of the Hagen Ranch No.3 well is 63% higher than the forecast in the Forest Garb & Associates report dated March 31, 2007.

The Hagen Ranch No.3 well was acquired in 2006 and is positioned on a 1330 acre lease which has room for at least two additional wells.

James Cerna Jr., CEO of Lucas Energy Inc. commented "We are very pleased with the initial production from this well. The success of our first new lateral of the 2008 drilling program is an important step in building out our production from current assets of Lucas Energy."

About Lucas Energy, Inc.

Lucas Energy, Inc. (OTCBB:LUCE) is an independent crude oil and gas company building a diversified portfolio of valuable oil and gas assets in the United States. The company is focused on identifying underperforming oil and gas assets, which are revitalized through a meticulous process of evaluation, application of modern well technology, and stringent management controls. This process allows the company to increase its reserve base and cash flow while significantly reducing the risk of traditional exploration projects. The Company's headquarters are located at 3000 Richmond Avenue, Suite 400, Houston, Texas 77098.

The Lucas Energy logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4192

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects,""projects,""plans,""feels,""anticipates" and certain of the other foregoing statements may be deemed "forward-looking statements." Although Lucas Energy believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors.

This news release was distributed by PrimeNewswire, www.primenewswire.com

CONTACT: Lucas Energy, Inc. Investor Relations: Richard Angle (866) 513-5823 (LUCE) angle@lucasenergy.com www.lucasenergy.com

Source: PrimeNewswire

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