From January to November, the total profit of China's industrial enterprises with annual sales of more than $724,600 reached $348.78 billion, an increase of 4.9 percent year over year but down 31.8 percentage points compared with the same period last year, the National Bureau of Statistics of China on December 26.

- State-owned and state-controlled firms: $115.72 billion, down 14.5%
- Collective-owned firms: $9.96 billion, up 29.5%
- Share-cooperative firms: $2.43 billion, up 19.2%
- Joint-stock firms: $195.17 billion, up 11.4%
- Foreign-funded firms: $92.38 billion, down 3.1%
- Private firms: $79.64 billion, up 36.6%

Taxes paid totaled $265.42 billion, up 20.7% year over year, and combined revenue totaled $6.37 trillion, up 24.1% year over year. By the end of November the total volume of net receivables totaled $652.26 billion, up 12.3%, and the total value of finished products reached $334.99 billion, up 25%.

Sectors

- Oil and natural gas: up 37.2%
- Coal: up 133.7%
- Iron and steel: down 13.7%
- Architectural materials: up 27.7%
- Chemicals: up 0.2%
- Smelting and pressing of nonferrous metals: down 34.1%
- Special-purpose machinery: up 9.4%
- Transportation equipment: up 15.7%
- Electronic communication equipment: up 1.1%
- Electric power: down 84.1%
- Chemical fibers: down 74.9%

The petroleum processing and coking industries lost $18.26 billion compared with a profit of $3.55 billion in the same period last year.

Gold declined in Asia as crude oil’s rally stalled and the dollar strengthened, reducing demand for the precious metal as a hedge against inflation and an alternative asset. Platinum was little changed.

Oil fell as much as 5.2 percent, after gaining 14 percent Dec. 31, on concern that a global economic contraction will limit fuel demand. The dollar was at $1.3870 a euro from $1.4045 late yesterday in New York.

“The relationship between gold and oil has steadily strengthened as the commodity boom has progressed,” Standard Chartered Plc’s analysts Helen Henton and Dan Smith wrote in a report. “While both were affected by deleveraging and risk aversion, the oil market is far more exposed to the deterioration in global growth. As the markets have become more settled, the relationship has strengthened again.”

Bullion for immediate delivery traded down 0.5 percent to $874.90 an ounce at 12:09 p.m. in Singapore, after rising as much as 1 percent earlier. Gold for February delivery was 0.8 percent lower at $875.40 in after-hours electronic trading on the Comex division of the New York Mercantile Exchange.

Crude oil for February delivery dropped as much as $2.32 to $42.28 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It fell 4.3 percent to $42.70 a barrel at 12:41 p.m. Singapore time.

Silver Falls

Among other precious metals for immediate delivery, silver fell 1.8 percent to $11.185 an ounce, platinum was little changed at $935.50 an ounce, and palladium rose 1.2 percent to $189.25 an ounce as of 11:50 a.m. in Singapore.

Gold advanced 5.8 percent last year on demand for a store of value as the global financial crisis pushed major economies into recession and drove equity markets down.

“If one bought gold on January 1, 2008, instead of any other investment, they would still have everything they had come January 1, 2009,” Peter Grandich, managing member of Grandich Publications, said in a report. “How many people wish all they did was break even in 2008? Gold continues to offer not only that result, but gains of 20 percent or more in 2009.”

China Huaneng Group will buy Singapore's Tuas Power Ltd for S$4.24 billion (US$3.1 billion) in China's second-biggest overseas acquisition this year.

The Beijing-based company has signed an agreement to buy Tuas Power from Temasek Holdings Pte, Huaneng, China's biggest power producer, said on its Website Friday.

The transaction is expected to be completed by March 24, Singapore's state investment company said in a separate statement.

The purchase "represents a major step for China Huaneng in its goal to diversify its assets across geographies and technologies," Vice President Huang Long said in the statement.

Tuas Power, the first of three utilities Temasek is selling, was set up in 1995 and has 2,670 megawatts of capacity built at a cost of S$2 billion.

Its power station at the western end of the city state comprises four blocks of natural-gas-fired combined cycle plants and two units of steam plants.

"The move is a natural extension of the Chinese power producer's core competencies," Donovan Huang, a Nomura Securities Ltd analyst, said by phone from Hong Kong. "Huaneng has sound management and has some gas-fired management experience."

For the year to March 2007, Tuas Power had revenue of S$2.27 billion, up 31 percent from a year earlier, its financial report showed.

Net income for the year to March 31 was S$177 million, 70 percent more than a year earlier. At December 31, Tuas Power's net debt stood at S$71 million.

Wong Kim Yin, Temasek's managing director for investments, said in the statement that China Huaneng's proposal, through its subsidiary SinoSing Power Ltd, was the "most attractive." It was the clear winner on price and commercial terms, according to the statement.

Chevron Corporation (NYSE:CVX) told financial analysts at a meeting in New York City today that major upstream capital projects in the U.S. Gulf of Mexico, offshore Nigeria and in Kazakhstan will produce additional crude oil and natural gas this year. In the downstream business, company executives said projects to increase refining scale and flexibility are under way in areas of market strength in the United States and Asia.

"We are focused on execution as a top priority for 2008 and 2009" Dave O’Reilly, Chevron’s chairman and CEO, said at the company’s annual analyst meeting. "This entails excelling at operational performance, executing our capital projects well and effectively managing costs"

O’Reilly’s presentation outlined the momentum Chevron has developed in key areas of its business plan:

* Significant upstream and downstream presence in the highest-growth regions of the world.
* Outstanding queue of upstream projects in all phases of engineering and construction.
* Successful exploration program that provides resources for oil and gas development projects.
* Improved refinery capabilities to process heavier, higher-sulfur crudes.

UPSTREAM – EXPLORATION AND PRODUCTION

George Kirkland, executive vice president for Global Upstream and Gas, said a track record of exploration success and project execution is expected to grow Chevron’s production capacity and boost proved reserves of crude oil and natural gas.

The company has approximately 40 major capital projects with a net Chevron investment of $1 billion or more each. Of those, important projects – including Blind Faith in the Gulf of Mexico, the Sour Gas Injection/Second Generation Plant in Kazakhstan and Agbami in Nigeria – are planned to increase production capacity in 2008. In 2009, Tombua Landana in Angola, Frade in Brazil and Tahiti in the Gulf of Mexico are expected to come online and further grow production capacity.

Kirkland also explained that the company’s exploration teams had another strong year in 2007. Each year from 2002 through 2007, Chevron’s exploration program has added an average of 1 billion barrels to its resource base. The 2007 success rate for exploration wells was 41 percent, comparable with Chevron’s average of 42 percent over the past six years. In addition, a recently released Wood MacKenzie report cited Chevron as the leader among its peers in exploration results from 2002 to 2006.

"Not only is our exploration success feeding our strong queue of major capital projects, it is also building the foundation for long-term reserves replacement as the discovered resources move to proved reserves" he said.

In regard to proved reserves, Kirkland said projects in Kazakhstan, Nigeria, Australia, Brazil, China, the United States and Angola will deliver strong reserves replacement for Chevron over the next three years.

"Our three-year business plan indicates we will have reserves of approximately 11.3 billion barrels of oil-equivalent at the end of 2010 – more proved reserves at the end of the decade than we have today" Kirkland explained.

Independent energy company Edge Petroleum Corp. said Thursday it swung to a fourth-quarter loss, hurt by the commodity price volatility and higher costs.

The company posted a loss of $6.4 million, or 22 cents per share, compared with a year-ago profit of $2.9 million, or 16 cents per share.

Revenue jumped 44 percent to $35.9 million, from $24.9 million in the year-ago quarter. Sales were boosted by increased production, the company said. Production rose to 5.8 billions of cubic feet equivalent, from 4 billions of cubic feet equivalent a year earlier.

Analysts were expecting a profit of 7 cents per share on revenue of $43.6 million, according to a poll by Thomson Financial.

"The volatility in commodity prices, particularly for oil, continues to have a major impact on our reported earnings as a result of mark-to-market accounting which we follow," Executive Vice President and Chief Financial Officer Michael G. Long said in a statement.

When a company marks to market, they adjust the value of assets on their books to reflect current market conditions.

The company said it was also weighed down on costs from increased staff, higher rent, and professional service fees.

For the full year, the company posted a loss of $1 million, or 4 cents per share, compared with a loss of $41.3 million, or $2.38 per share, in 2006.

Revenue rose 24 percent to $160.9 million.

Edge said it's continuing its review of strategic alternatives, noting it's "working quickly" toward a potential merger or sale.

Central Petroleum provided a 140308 exploration update, reporting access roads have been constructed to both the Blamore and Simpson well locations with the road building crew reaching Simpson this morning; underdale water well drillers have been mobilised and are expected to be on site by the coming 17 March with first water by the following 21 March. The water is necessary to complete the access road for the drilling rig; and an onsite-while-drilling inspection of Hunt Rig #2 has been completed by the Company's GM Drilling, Operations and Production, Randy Frazier and it has been deemed fit for purpose with the final detailed drilling contract to be executed shortly.

More information about CTP.AX

PetroSA, the state-owned oil company, has announced plans to invest about R50bn over the next six years in building a new crude oil refinery and a liquified natural gas receiving terminal.

If both projects are located in Coega, Eastern Cape, as is envisaged, they will represent a major boost for the economy. A state-owned refinery will secure SA's oil supplies and make a favourable contribution to the country's balance of payments.

CEO of PetroSA Sipho Mkhize told Parliament's minerals and energy committee yesterday that partners would be sought for a R39bn oil refinery which was expected to come on stream in 2014-15 with a capacity to produce about 200000 barrels of refined oil a day.

He said Minerals and Energy Minister Buyelwa Sonjica was awaiting the outcome of the feasibility studies -- likely to be concluded in 2009 -- before giving the project the green light.

PetroSA would be looking for an equity investor or a co- investor to either supply crude oil feedstock or take off some of the production. At a media briefing , Mkhize said that Sasol could participate if it wanted to.

PetroSA, which produced a net profit of R2,8bn in the year to end-March, has a cash pile of R10,7bn of its own that it can use for the project and is in negotiations with its holding company, the Central Energy Fund (CEF), about getting a dividend "holiday" over the next few years so it can accumulate more funds. Through the CEF, PetroSA has paid the government about R1,2bn in dividends in the past two years.

The planned refinery will contribute to greater security of energy supply for SA, which is forecast to need about 280000 more barrels a day by 2020.

The refinery project, dubbed Project Mthombo, is a direct response to the government's energy security master plan, which recommended that PetroSA procure about 30% of all crude oil consumed in SA.

"Based on the current rate of demand growth, the demand for fuel in SA will justify a new crude oil refinery within the next five to seven years. Once the technical specifications and commercial aspects of the project have been clarified, the final investment decision will be made around 2010-11," Mkhize said.

Coega was chosen as a tentative site over Saldanha Bay, Richards Bay and Newcastle. Mkhize estimated the project would generate about 1000 direct jobs, about 5000 indirect jobs during operations and about 10000 jobs during construction.

The South African Petroleum Industry Association welcomed the announcement, saying any effort to help address the shortfall of petrol supply in SA was crucial.

Executive director Connel Ngcukana said the shortfall in liquid fuel by the time the refinery came on stream in 2014 was expected to exceed 7-billion litres. This meant SA's increased importation of the refined product would be at a huge cost to the fiscus and have implications for the country's balance of payments.

Ngcukana questioned the location of the refinery, noting that the primary demand for liquid fuel was inland and that a refinery on the south coast presented problems in getting the product to its primary market.

" The decision could be linked to the need to provide jobs in the area and the large automotive industry in the region, but the planned volumes are too big and the demand is really inland," Ngcukana said.

Clean Energy Fuels Corp. has entered into an LNG sales agreement with Spectrum Energy Services, LLC (SES), an Alaska limited liability company, to purchase, on a take-or-pay basis over a term of 10 years, 45,000 gallons per day of liquefied natural gas (LNG) from a plant to be constructed by SES in Ehrenberg, Arizona, which is near the California border. The plant is anticipated to be in full production in the summer of 2009.

The LNG from the plant will be used to help support Clean Energy’s supply agreements with customers in Arizona and California.

“Demand for natural gas for transportation is growing steadily, particularly in the Southwest, for the transit, refuse and emerging ports markets,” said Andrew J. Littlefair, Clean Energy president and CEO. “This new supply agreement will supplement our resources needed to fuel the growth.

“The Ports of Los Angeles and Long Beach alone have developed a plan that envisions the addition of 5,300 heavy-duty LNG trucks for goods movement at the ports within five years,” noted Littlefair. “Clean Energy has committed to be a major supplier to that initiative and already has LNG fueling stations under construction and design.”

Clean Energy is building its own LNG production plant in the California desert that is planned to begin delivering up to 160,000 gallons of LNG per day in late 2008. The plant is designed to be able to increase production up to 240,000 gallons of LNG per day as demand grows further.

About Clean Energy

Clean Energy is based in Seal Beach, Calif., and is the leading provider of natural gas for transportation in North America. It has a broad customer base in the refuse, transit, shuttle, taxi, intrastate and interstate trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at strategic locations across the United States and Canada. Information at: www.cleanenergyfuels.com.

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements, including the ultimate timing and production capacity of the new plant and the demand for LNG in the Southwestern United States, and other factors more fully described in the company’s recent Form 10-Q and Initial Public Offering Prospectus filings with the Securities and Exchange Commission. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Petroleum pipeline operator Teppco Partners LP said Thursday third-quarter profit grew 16 percent, due in part to increased transportation demand for diesel fuel and gasoline, as well as continued volume growth.

The company reported income of $47.6 million, or 44 cents per unit, compared with $41.1 million, or 39 cents per unit, in the year-ago period.

Earnings before interest, taxes, depreciation and amortization -- less gains on asset sales -- rose 13 percent to $114.4 million from $101.6 million in the same period last year.

Revenue for the quarter rose slightly to $2.58 billion from $2.57 billion in the third quarter of 2006.

Analysts polled by Thomson Financial, on average, estimated earnings of 45 cents per share on revenue of $2.42 billion.

The company attributed the positive growth to increased transportation demand for diesel fuel and gasoline to the Midwest and continued volume growth at its Jonah Gas Gathering system.

Additionally, most of Teppco's business segments reported revenue gains. The increase in revenue was offset by a modest increase in costs and expenses.

Shares rose 40 cents to $40.65 in midday trading.

Alberta's Premier, Ed Stelmach, avoided commenting directly about the government's response to proposed hikes to oil and gas royalty rates Wednesday, only promising that the decision will offer stability and predictability to energy companies.

Toward the end of a television address to the province, Stelmach said his government recognized Alberta's future lies in the oil sands and coal bed methane as conventional oil and gas reserves decline. The government is "ready to take decisive action" and the new royalty framework will support this, he said.

The new regime will provide the "stability and predictability business needs and time to adjust to the changes," Stelmach said, as well as offering Albertans their fair share of the revenues.

Last month, a government-appointed panel recommended raising oil and gas royalties by 20%, or C$2 billion, a year, after concluding that Albertans haven't received a fair share of their province's vast resources for quite some time.

Stelmach and Alberta's energy minister Mel Knight will present the government's formal response Thursday at 5 p.m. EDT.

The panel targeted the oil sands sector in particular, where companies have proposed more than C$100 billion in project proposals, eager to feed U.S. demand and spurred on by robust oil prices and tightening access to resources elsewhere. It also proposed increasing royalties on the conventional oil and natural gas sector, the latter of which is already struggling with low prices.

Since then, Alberta's energy industry has unleashed a barrage of criticism, saying the panel relied on flawed data which don't reflect the cost pressures facing the sector, and threatening to pull investment from the province.

Recent analyst speculation reckons the government will soften the more contentious proposals in light of industry criticism. These include raising net royalty rates once oil sands projects recoup capital costs to 33% from the current 25%, and a new oil sands tax linked to oil futures prices.

Stelmach added that the current royalty regime had created "one of the most successful economies of all time."

Nepal hiked the prices of petroleum products to meet fuel shortage and reduce losses at the state firm. The price of petrol has been increased by Nepalese rupees 6, diesel and kerosene by rupees 3 per liter and the price of LPG by rupees 200 per cylinder. However, the price of aviation fuel remains unchanged for now.

The hike is expected to reduce Nepal Oil Corporation's monthly losses to rupees 70 million. It was losing rupees 400 million every month.

Protesting against the price hike, Maoist rebels partially stopped transport on Thursday.

Oil futures jumped to a record above $90 a barrel Thursday on news that OPEC production increases aren't coming as fast as expected and that the cartel won't announce new output quotas when it meets next month.

Prices were already higher on growing concerns about conflict in the Middle East and declining supplies of crude in the U.S. when Oil Movements, a company that tracks oil tanker traffic, reported that crude shipments from Organization of Petroleum Exporting Countries members will grow more slowly than anticipated through early November, according to Dow Jones Newswires.

Meanwhile, OPEC Secretary General Abdalla el-Badri told The Wall Street Journal Asia that the cartel is not in discussions to boost production by 500,000 barrels. El-Badri's comments counter rumors that Saudi Arabia is pushing for a production increase. In September, OPEC bowed to Saudi pressure and announced a production increase of 500,000 barrels a day, effective Nov. 1.

"It shows a little drama in the cartel," said Phil Flynn, an analyst at Alaron Trading in Chicago.

Light, sweet crude for December delivery rose $2.74 to $89.84 a barrel on the New York Mercantile Exchange after rising as high as $90.10 earlier, a trading record just above the previous mark of $90.07.

Crude futures added to gains achieved in the early morning hours Thursday when Lebanese troops fired on Israeli warplanes. A conflict between Israel and Lebanon wouldn't itself have much impact on oil supplies, but traders worry that any hostilities in the Middle East would eventually draw in big oil producers such as Saudi Arabia and Iran.

Energy traders also remain concerned that a threatened incursion by Turkish armed forces into Iraq in search of Kurdish rebels would cut oil supplies out of northern Iraq.

On Wednesday, crude prices jumped sharply after the Energy Information Administration reported that oil inventories fell 5.3 million barrels last week, much more than analysts expected. That report reversed a three-day downward price trend, and put energy traders back in a bullish mood, analysts said.

"Yesterday's EIA report pretty much changed the personality of the market," said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Ill.

In other Nymex trading, November gasoline rose 7.1 cents to $2.2185 a gallon, and November heating oil added 5.19 cents to $2.3939 a gallon.

November natural gas rose 16.3 cents to $7.135 per 1,000 cubic feet as traders shrugged off a government report that inventories grew by 68 billion cubic feet last week, more than analysts had expected, and focused instead on forecasts for colder weather in the Midwest and Northeast and the possibility that a storm system in the western Atlantic could develop into tropical strength as it moves into the Caribbean Sea.

In London, December Brent crude rose $2.71 to $87.08 a barrel on the ICE Futures exchange.

At the pump, gas prices slipped 0.2 cent overnight to a national average of $2.82 a gallon, according to AAA and the Oil Price Information Service.

Associated Press.

Oil prices are twice as likely to reach $100 a barrel by Christmas than Chelsea winning the Premier League this year, bookmakers said on Thursday.

Financial bookmaker Cantor Index put the odds at 5-2 that U.S. crude futures will rally to $100 a barrel by December 25.

U.S. oil prices surged to a lifetime high of $90.07 last Friday, driven by tight supplies, fund buying, a weak dollar and geopolitical tensions.

"This is slightly outside. If we were in this situation five times, it would happen only twice," said Daniel Malsbury, commodities trader for Cantor Index.

Bookmakers said the odds of $100 oil were better than the Indianapolis Colts winning the 2008 Super Bowl.

But it was in parity to any Colorado Rockies baseball player winning this year's World Series Most Valuable Player award.

Nigeria's Supreme Court removed Celestine Omehia as governor of Nigeria's richest oil state on Thursday in the fourth major legal indictment of polls in April.

The elections were meant to mark a democratic milestone for Africa's most populous country, but were so marred by fraud and violence that outside observers said they were "not credible."

The Supreme Court ruled Rotimi Amaechi, who won the primaries for the ruling People's Democratic Party (PDP) in December, but was removed from the ballot, was the lawfully elected governor of Rivers state.

The electoral body put Omehia's name on the ballot after the PDP removed Amaechi -- a former speaker of the Rivers state house of assembly -- on the basis on an indictment for corruption issued by the federal government, which the Supreme Court said was invalid.

"In the eyes of the law, the appellant (Amaechi) remains the candidate of the PDP and is deemed to have won the election and should be so sworn in immediately," Aloysius Katsina-Alu said, reading the unanimous decision of the seven-man panel of judges.

The ruling has the potential to spark violence in Nigeria's biggest oil producing state, where turf wars between heavily armed gangs with political ties have killed dozens this year.

Hundreds of Amaechi supporters drove round the streets of Port Harcourt, the Rivers state capital, in cars and motorcycles hooting their horns in jubilation.

Troops patrolled the city in pick-ups and armored personnel carriers, while two military trucks were stationed at the gates of the state government headquarters.

The federal government said it had directed all agencies to implement the ruling and called on the people of Rivers to accept the judgment in good faith.

LOOTING

State governors have considerable power in Nigeria and control about half of oil revenues. Rivers receives a greater share of the cake than any other state, but civil society groups say much of it is looted by corrupt officials.

The Supreme Court ruling was the latest in a string of electoral upsets by Nigeria's judiciary, vindicating reports by independent monitors and opposition parties of widespread malpractice by the ruling party and electoral body.

The opposition Action Congress party hailed the ruling and said the "house of lies" built by the ruling party and the electoral body was gradually being dismantled.

"We call on Nigerians who feel justifiably short-changed by the charade of the April elections to continue to be patient while the election tribunals handle the various petitions before them," the party said in a statement.

Last Saturday, another court nullified the election of Saidu Usman Dakingari, a son-in-law of President Umaru Yar'Adua, as governor of the northwestern state of Kebbi because he was not a member of the PDP when he was nominated as the candidate.

In the central state of Kogi earlier this month, a court nullified the election of Ibrahim Idris as governor because the electoral body removed the name of a key opposition candidate from the ballot.

In June, the Supreme Court ordered a close ally of former President Olusegun Obasanjo to step down because the election that made him governor of southeast Anambra state was illegal and the incumbent still had three years left of his tenure.

Yar'Adua is also facing a legal challenge to his victory. The opposition has given evidence to the tribunal including what it said were three different official election results.

Lucas Energy, Inc., a U.S. based independent oil and gas company, is pleased to announce it has acquired a major stake in Bonanza Oil & Gas Inc., a Texas based company engaged in the production and development of oil and gas reserves, as well as the development and evaluation of 3D seismic programs.

Lucas Energy has exchanged its stake in the ApClark prospect, an oil and gas property covering approximately 6,700 acres located in the ApClark field in Southwestern Borden County, Texas, for 3,000,000 shares of Bonanza Oil & Gas representing a 24.6% stake in the company. Lucas intends on immediately divesting of 1/2 of the shares in a private transaction to bring its position in Bonanza to 12.3%.

``We are pleased with our investment in Bonanza and are confident it will provide a substantial ROI for Lucas,'' commented James Cerna Jr., CEO of Lucas Energy Inc.

Bonanza Oil & Gas is led by a team of industry veterans and holds assets ranging from wholly owned prospects to working interests in producing oil wells as well as a large seismic library.

About Lucas Energy, Inc.

Lucas Energy, Inc. (OTC BB:LUCE.OB - News) 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 operation.


Contact:

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

Source: Lucas Energy