Lucas Energy (LUCE) Reports its eighth consecutive profitable quarter. The company's gross margins are in the 80%+ range and its cash flow (EBITDA) is in the 70%+ range.

  Lucas Energy (LUCE)

Reports Record Earnings

Stockholders' equity grew dramatically, by 1186% to $7,060,692, as of December 31, 2006 up from $548,896 for the same period in 2005.

Website: www.lucasenergy.com

Press Release: Lucas Energy Reports Record Quarter Revenues and Earnings

Revenue Climbs 310 Percent; Earnings Improve 466 Percent.

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LUCE Investor Highlights

• LUCE has reported eight straight profitable quarters.
• Announced record financial results for the third fiscal quarter ended December 31, 2006.
• Revenues increased 310% to $396,367, up from $96,725 for the same three month period in 2005.
• EBITDA for the third fiscal quarter was $207,640, up over 300% from $50,649 for the same three month period in 2005.
• Reported net income increased 234% to $166,467 for the three months ended December 31, 2006, up from income of $49,905 for the comparable three months ended December 31, 2005.
• The Company's cash balance as of December 31, 2006 was $1,010,969, which it expects to satisfy cash requirements for the twelve month period of 2007 without having to raise additional fund or seek bank loans.
• Lucas Energy’s fiscal strength is extremely favorable compared to the industry with typical payback periods of under 12 months (compared to 3-5 years).
• The company surpassed revenue and earnings targets for its second quarter, allowing it to return to the treasury 500,000 shares and reducing shares outstanding to 27,540,013.
• Lucas’ proven scientific methodologies reduces production costs to under $11per barrel.
• Stockholders' equity grew dramatically, by 1186% to $7,060,692, as of December 31, 2006 up from $548,896 for the same period in 2005.
• The company's gross margins are in the 80%+ range and its cash flow (EBITDA) is in the 70%+ range.
• Recently completed its eighth acquisition in the last six months with the lease of 411 acres of land in Gonzales County, Texas.
• World demand for oil continues to escalate.

Overview

Lucas Energy (LUCE) is an exciting independent 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 asset base and cash flow, while significantly reducing the risk of traditional exploration projects. Lucas Energy's financial structure allows it to minimize the high overhead of traditional E&P companies.

Profile

The company began in 2004 and since it's inception has acquired 21 oil and gas properties in four counties of Texas. The net mineral acreage portfolio consists of over 6600 acres. Lucas recently reported its eighth consecutive profitable quarter. The company's gross margins are in the 80%+ range and its cash flow (EBITDA) is in the 70%+ range. Lucas Energy's fiscal strength is extremely favorable compared to the industry with typical payback periods of less than 12 months. The combination of low overhead and strict management controls allow the company to deploy most of the capital raised directly into cash flowing assets.

Financials Approximate as of February 13, 2007

Market Cap: 74.5 Million

Outstanding Shares: 27.6 Million

52 Low / High: $1.75 / $3.75

Price: $2.70

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