HOUSTON, Jan. 11, 2012 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the "Company" or "Lucas"), today announced that it has retained Global Hunter Securities and Knight Capital to advise the Company in selling certain of the Company's properties in the Eaglebine and Eagle Ford trend in Texas. The Company anticipates soliciting bids for the properties and hopes to close on a transaction in the next three months. Each of these areas has seen similar transactions closed in 2011, and the Company believes that there are several potential buyers for the properties. William A. Sawyer, President and CEO of Lucas commented on the hiring of Knight Capital and Global Hunter, "These two investment banks have a proven ability to execute on middle market energy transactions; and after a thorough evaluation of several other potential advisors, we came to the decision that the combination of these two firms offers Lucas Energy the best possible opportunity for a successful sale."
About Global Hunter Securities
Global Hunter Securities is a full-service investment bank focusing on the Energy, International and Metals & Mining sectors. Global Hunter is headquartered in New Orleans, Louisiana, with a large global presence across the Americas, Europe and the Asia Pacific region. For further information about Global Hunter, please visit www.ghsecurities.com.
About Knight Capital Group
Knight Capital Group is a global financial services firm that provides access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms, and corporations. Knight is headquartered in Jersey City, New Jersey with a growing global presence across the Americas, Europe, and the Asia Pacific region. For further information about Knight, please visit www.knight.com.
Company Website: www.lucasenergy.com
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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.