Camber Energy Inc (CEI)

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Lucas Energy Announces Production Update for Fiscal Year 2012

HOUSTON, Feb 16, 2012 (GlobeNewswire via COMTEX) -- Lucas Energy, Inc. /quotes/zigman/499789/quotes/nls/lei LEI +1.35% , an independent oil and gas company (the "Company" or "Lucas"), today announced that the Company had average gross production, from operated wells, of 574 BOPD (barrels of oil per day) for the first ten (10) days of February 2012. Lucas had more gross production from operated wells in the first ten days of February 2012, than for the entire month of January 2012. These numbers do not include oil and gas production from the two Eagle Ford wells operated by an affiliate of Marathon Oil Company.

For the first two quarters of fiscal year 2012, gross production from operated wells averaged approximately 195 BOPD. For the third quarter of the fiscal year 2012, production from operated wells averaged 226 BOPD, or a 16% increase. Lucas still anticipates average production from operated wells for the fourth quarter of fiscal year 2012 to be approximately 300 BOPD, or better.

As anticipated, the last half of the 2012 fiscal year has seen additional operated production increases due to the drilling of new horizontal wells in the Austin Chalk formation, or new laterals in the Austin Chalk from older well bores. For more information on this and other activities of the Company, see the Lucas Energy web site www.lucasenergy.com .