Lucas Energy is pleased to announce that TRI-STATE Capital has upgraded their equity rating on the company. The recent acquired well in Wilson County, Texas is the principle reason for the upgrade; while Lucas Energy’s work over program, on the wells acquired from Delphic Oil and Gas Company, also contributed.
The President of Lucas Energy, James Cerna Jr. commented that he is honored to have a quality research firm review the company’s operations and progress. He believes that the strong upgrade encourages the shareholders and reinforces that they are headed in the right direction. In closing, he stated, “We will continue to aggressively acquire additional wells and grow our company.”
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