Lucas Energy Retains Global Hunter and Knight Capital for the Sale of the Eagle Ford and Eaglebine Properties
Lucas Energy, Inc. (NYSE: LEI) 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."
