Stock Price Action: Lucas Energy, Inc: Rad2 Minerals, Ltd Opened Big New Position

Stock Price Action: Lucas Energy, Inc: Rad2 Minerals, Ltd Opened Big New Position

The New Rad2 Minerals, Ltd Holding in Lucas Energy, Inc

Rad2 Minerals, Ltd filed with the SEC SC 13D/A form for Lucas Energy, Inc. The form can be accessed here: 000158069516000846. As reported in Rad2 Minerals, Ltd’s form, the filler as of late owns 30% or 4,837,385 shares of the Energy–company.

Lucas Energy, Inc stake is a new one for the and it was filed because of activity on November4, 2016. We feel this shows Rad2 Minerals, Ltd’s positive view for the stock.

Business Profile

Lucas Energy, Inc. (Lucas Energy) is an independent oil and natural gas company. The Company is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations, including the Austin Chalk and Eagle Ford formations, primarily in Gonzales, Wilson and Karnes Counties, south of the city of San Antonio, Texas. As of March 31, 2016, the Company had leasehold interests (working interests) in approximately 8,395 gross acres or 8,309 net acres. Its total net developed and undeveloped acreage as measured from the surface to the base of the Austin Chalk formation is approximately 8,310 net acres. In deeper formations, it had approximately 1,909 net acres in the Eagle Ford oil window. As of March 31, 2016, it had produced an average of approximately 61 net barrels of oil equivalent per day (Boepd) from 26 active well bores. The Buda limestone underlies the Eagle Ford formation separated by a 10 foot to 20 foot inorganic shale barrier.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Analysts await Lucas Energy, Inc. (NYSEMKT:LEI) to report earnings on November, 21.

The stock decreased 5.62% or $0.056 on November 11, hitting $0.933. Lucas Energy, Inc. (NYSEMKT:LEI) has declined 83.39% since April 12, 2016 and is downtrending. It has underperformed by 88.38% the S&P500.

Lucas Energy, Inc. is an independent oil and natural gas company. The company has a market cap of $14.74 million. The Firm is engaged in the acquisition and development of natural gas and crude oil from various known productive geological formations, including the Austin Chalk and Eagle Ford formations, primarily in Gonzales, Wilson and Karnes Counties, south of the city of San Antonio, Texas. It currently has negative earnings. As of March 31, 2016, the Company had leasehold interests (working interests) in approximately 8,395 gross acres or 8,309 net acres.

More notable recent Lucas Energy, Inc. (NYSEMKT:LEI) news were published by: Prnewswire.com which released: “Lucas Energy Announces Fiscal 2017 First Quarter Results” on August 12, 2016, also Prnewswire.com with their article: “Lucas Energy Announces 1-for-25 Reverse Stock Split” published on July 02, 2015, Thestreet.com published: “Lucas Energy (LEI) Stock Continues to Climb Following Acquisition” on January 05, 2016. More interesting news about Lucas Energy, Inc. (NYSEMKT:LEI) were released by: Prnewswire.com and their article: “Lucas Energy Announces Entry Into Mid-Continent With Agreement To Acquire …” published on December 31, 2015 as well as Prnewswire.com‘s news article titled: “Lucas Energy Closes Acquisition Transaction And Related Financings” with publication date: August 31, 2016.

According to Zacks Investment Research, “Lucas Energy, Inc. is an independent 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 asset base and cash flow, while significantly reducing the risk of traditional exploration projects.”

LEI Company Profile

Lucas Energy, Inc. (Lucas Energy), incorporated on December 16, 2003, is an independent oil and natural gas company. The Firm is engaged in the acquisition and development of natural gas and crude oil from various known productive geological formations, including the Austin Chalk and Eagle Ford formations, primarily in Gonzales, Wilson and Karnes Counties, south of the city of San Antonio, Texas. As of March 31, 2016, the Company had leasehold interests (working interests) in approximately 8,395 gross acres or 8,309 net acres. The Company’s total net developed and undeveloped acreage as measured from the surface to the base of the Austin Chalk formation is approximately 8,309 net acres. In deeper formations, it had approximately 1,909 net acres in the Eagle Ford oil window.

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