LEI doubled earlier this year !!!

Last May LEI doubled in priced so this one can obviously move. Keep an eye on it.

LEI's business plan is kind of unique from other oil and gas companies.

LEI focuses on acquiring shut-in wells that they believe have been overlooked by other companies and have, in their assessment, a high probability of additional recovery of reserves through their revitalization process or through the drilling of new laterals.

We're putting so much time and dangerous effort into getting oil from the Middle East when we may not have to. We have a bunch of oil right here in the U.S. that has been forgotten about!

Reclaiming oil wells is very profit smart in my opinion. These are wells that have had existing oil in the past.

LEI's strategy is to acquire previously producing wells which were abandoned or shut in due to low commodity prices in the early 1990's.

LEI's CEO William Sawyer was on Money TV and talked about the company's business model of acquiring wells and properties that have been under-performing, plugged or abandoned and turning them into successful operations.

LEI has a pretty impressive leader. William Sawyer is a proven hands-on energy executive with over 30 years of diversified experience in the energy industry with firms such as; ARCO, Houston Oil & Minerals, Superior Oil (Mobil), and ERCO!

LEI holds more than 1.5 million barrels of proven oil reserves associated with 26 producing wells!

LEI currently operate 26 producing wells that produce approximately 125 – 135 barrels of oil per day (“BOPD”), gross.

LEI controls another 16 shut-in or plugged wellbores!

The majority of LEI's properties are located along the prolific Austin Chalk trend through Gonzales, Wilson, and Karnes Counties, Texas.

This area of the United States is still one of the world's richest oil plays, with an estimated 6 billion barrels of oil reserves!

Click here to see all of LEI's activities: http://new.lucasenergy.com/currentact.html

LEI's business plan has three phases:

Phase I - Re-entry of seven (7) shut in and P&A'd wells.

Phase II - Clean out nineteen (19) old laterals and drill straight holes to test Buda and Eagleford formations.

Phase III - Drill twenty-one (21) new laterals in Austin Chalk formation.

Wells in the Austin Chalk are drilled with a horizontal leg in order to contact the fractures which contain trapped oil. Fractures are the main source of production in the Austin Chalk formation.

The objective of LEI's horizontal drilling program is to exploit the multiple pay zones and extend oilfield boundaries.

Horizontal drilling is beneficial because it can get deeper into the fractures of the shale, which is usually up to 250 feet thick.

Another major advantage of the horizontal drilling is that it protects the environment from overly invasive boring!

LEI wants to avoid most of the typical exploration risk by acquiring properties in proven areas where management has prior experience.

LEI management has been able to achieve and maintain profitability since inception by applying strict fiscal controls.

During the 2008 recession, revenues increased by $300,000!

LEI has been able to steadily increase oil and gas production from their operated wells and during their fiscal year 2009.

Their oil production climbed to 52,585 gross barrels of oil produced, and 41,209 net barrels of oil to their fractional royalty interest in the production.

LEI's properties are revitalized by undertaking extensive re-entry and work-over procedures, including clean-up, repairs and treatments of the existing well bores and lateral extensions, as well as drilling new laterals into previously non-producing areas of the formation.

LEI has a business strategy that I think could separate them from many other oil and gas companies out there.

LEI has been dramatically increasing production of oil in Southern Texas and since 2004, and has acquired 61 properties encompassing over 15,000 acres in Texas!

The recent oil move past $80 makes me think we could see a bullish future.

Paul Horsnell, of Barclays Capital, said: "We do not think this move is a radically different break and instead think of it as something more of a gradual transition into higher ranges."

More information on LEI is available at: http://www.lucasenergy.com Do your own research and consult with your own financial professional.