HOUSTON, Nov. 14, 2011 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company based in Houston, Texas (the "Company" or "Lucas"), today announced that the Company's annual general meeting will be held on December 16, 2011 at 10 a.m. Central Standard Time at the law offices of Dewey & LeBoeuf LLP at 1000 Main Street, Suite 2550, Houston, Texas 77002, for the purpose of considering and voting upon the following matters:
- To elect four (4) Directors to the Company's Board, each to serve a term of one year and until their respective successors have been elected and qualified, or until their earlier resignation or removal;
- To ratify the Company's 2012 Stock Incentive Plan;
- To ratify the appointment of Hein & Associates LLP, as the Company's independent auditors for the fiscal year ending March 31, 2012; and
- To transact such other business as may properly come before the annual meeting or any adjournment thereof.
Shareholders of record as of November 3, 2011 are entitled to notice of, and to vote at, the annual meeting. Lucas filed its definitive proxy statement containing the notice of its annual meeting and proxy statement on Schedule 14A with the Securities and Exchange Commission on November 4, 2011. Lucas initiated the mailing of the meeting notice, proxy statement, and Lucas' Annual Report on Form 10-K for the fiscal year ended March 31, 2011 to shareholders of record on November 11, 2011, which materials are also available online at www.lucasenergy.com by selecting "Shareholder Information" and "Shareholder Meeting" and at www.proxyease.com/lucasenergy/2011.
Record owners of Lucas shares whose holdings are in certificate form and reflected on the books of Lucas's transfer agent have been mailed copies of the notice of meeting, proxy statement, annual report and proxy card, and are encouraged to return their proxy card identifying their vote on the shareholder proposals contained in and described in the proxy. Shareholders that hold their shares in "street name" should receive the Lucas proxy and associated information directly from their brokers. Copies are also available on the aforementioned websites described above.
Mr. William Sawyer, President and Chief Executive Officer of Lucas, said, "All Lucas shareholders of record are cordially invited to attend the meeting in person. The proxy and shareholder proposals to be voted on at the annual meeting contain a number of important proposals, and we strongly encourage all shareholders eligible to vote to return their proxy promptly, even though you may plan to attend the annual shareholder meeting."
For more information on this and other activities of the Company, visit the Lucas Energy web site at www.lucasenergy.com.
Company Website: www.lucasenergy.com
The Lucas Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4192
Forward-Looking Statement
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Act") and Section 21E of the Securities Act of 1934, as amended (the "Exchange Act"). In particular, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements and are subject to the safe harbor created by these Acts. Any statements made in this news release about an action, projection, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future drilling and production are subject to all of the risks and uncertainties normally incident to the exploration and development of oil and gas. These risks include, but are not limited to, completion risk, dry hole risk, price volatility, reserve estimation risk, regulatory risk, potential inability to secure oilfield service risk as well as general economic risks and uncertainties, as disclosed in the Company's SEC filings including its Form 10-K and Form 10-Q's. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company's SEC filings are available at http://www.sec.gov.