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Lucas Energy Announces Initial Production Rate At the Perkins Oil Unit No.1 Well; Initial Production Rate of 73 BOPD and 30 MCF Per Day

Posted on: Monday, 4 February 2008, 09:00 CST

HOUSTON, Feb. 4, 2008 (PRIME NEWSWIRE) -- Lucas Energy, Inc. (OTCBB:LCAE), a U.S. based independent oil and gas company, today announced an initial production rate for the Perkins Oil Unit No.1 well, Pilgrim (Austin Chalk) Field, Gonzales County, Texas. The initial production was reported to the state as 73 BOPD, 3 BWPD, and 30 MCF of gas per day.

This follows the Company's initial announcement on January 3, 2008 of the new lateral, which was drilled from the plugged back depth of 8,410 feet to a new total depth (TD) of 11,340 feet. The vertical depth from surface at TD is 8,541 feet. The new lateral was drilled on new leases recently acquired from landowners in the area.

The Perkins Oil Unit No.1 well was first drilled in 1991 by Tana Oil & Gas Corporation. The original lateral was drilled to the southwest and made nearly 84,000 bbls of oil before being plugged back. The new lateral is to the northwest in a new drilling unit with new leases.

William Sawyer, COO of Lucas Energy Inc., commented, "This is the third successful well we have brought on line in a series of ten wells planned in the area. We are very pleased with our progress to date and how quickly we have been able to get this well on line to start generating revenue. We believe our meticulous and standardized process enables us to quickly restore oil production as well as increase production yield which should result in continued improvements on a per well basis."

The planned drilling program continues with the movement of Lucas' drilling rig to well #4.

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

Forward-Looking Statements

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. James Cerna, Jr., Chief Executive Officer 713-528-1881 Hayden Communications Investor Relations Bryan Kobel 646-383-7621 bryan@haydenir.com

Source: PrimeNewswire

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