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Lucas Energy, Inc.
LEI, an
independent oil and gas company (the "Company" or "Lucas"), today announced
that the Board of Directors has unanimously elected Ryan Morris and Josh Young
to serve on the Board of Directors of the Company. Through their respective
affiliates, Meson Capital Partners and Young Capital Management, Mr. Morris
and Mr. Young are the largest shareholders of Lucas with a combined stake of
over 4 million shares (including 337,500 shares underlying warrants)
representing more than 16% of the total outstanding shares. These affiliates
participated in full in the recent 800,000 share private placement of Lucas
common stock.
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