LEI...News Lucas Energy acquires Eagle Ford trend acreage from Hall Phoenix Energy for $6.4 mln
9:16 AM ET 1/4/12 | Briefing.com
Co announced it has closed a purchase and sale transaction with Hall Phoenix Energy, whereby the Company purchased all of Hall Phoenix's right, title and interest in certain oil, gas, and mineral leases in the Eagle Ford/Eaglebine/Austin Chalk Trend effective December 1, 2011. In connection with the purchase, the Company paid ~$6.4 mln to Hall Phoenix in the form of 2,824 shares of Lucas's newly designated Series B Convertible Preferred Stock, each of which is convertible into 1,000 shares of the Company's common stock
