LUCE Continues Momentum: Reports Successful Revitalization of Kuntschik No. 2 Well! June 27, 2006
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

Wall Street News Alert's "stocks to watch" this morning are: Lucas Energy, Inc. (OTCBB: LUCE), Transocean Incorporated (NYSE: RIG), Western Gas Resources Inc (NYSE: WGR) and BP (NYSE: BP).

Once again, aggressive investors and day traders should be watching Lucas Energy, Inc. (OTCBB: LUCE) this morning! The stock just recently began trading and yesterday after the stock markets closed, the company issued a press release announcing the successful revitalization of Kuntschik No. 2 well which as of Sunday, June 25, 2006 is now producing 58 barrels of oil per day.

News of the successful revitalization should get the attention of investors! Lucas Energy, Inc. acquired the well, along with the Kuntschik No. 1 well, in June 2005. At the time of purchase, the Kuntschik No. 2 well was producing low or minimal oil volume.

Lucas Energy's revitalization team, headed by Lucas Energy Chief Operations Officer, William A. Sawyer, discovered the kick off point (KOP) for the lateral was too high, and consequently ran into the shale above the Austin Chalk. The shale had swollen and sloughed into the lateral closing off the production flow to the main wellbore. The revitalization team cleaned out the lateral and put a liner in the upper part of the lateral to seal off the shale interval.

Continue to watch this company! Lucas Energy CEO James Cerna, Jr. previously stated, "Our expertise lies in our ability to identify and revitalize under performing properties. We expect the Kuntschik No. 2 well to match or exceed Kuntschik No. 1 within thirty days after the flush production is over."

The Kuntschik No. 2 well is completed in the Austin Chalk formation and is located in Gonzales County, Texas. It has a vertical depth of approximately 8000 feet and a 1300 foot lateral extension.

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Lucas Energy! Last week, the company announced its acquisition of a 100.86 acres oil and gas property: the Mahlmann Lease Prospect (Big Creek Dome Area), located in Fort Bend Country, Texas. The Big Creek Dome field was discovered by Gulf Oil and The Texas Company (Texaco) in the late 30's and has produced over 7.9 million barrels of oil and more than 2 Bcf of gas from primarily wells at above 2,000 feet.

Prior to the latest press release, the stock closed yesterday at $2.30 a share.

For an in-depth profile of Lucas Energy, Inc., visit

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the company: Lucas Energy is an oil and gas company with a growing portfolio of high value oil and gas assets in the United States. Founded in 2004, Lucas Energy began by identifying underdeveloped oil and gas operations that represented strong potential for development. In May of 2005, the company completed its first acquisition, located in the Pilgrim Field, Gonzales County, Texas. The Company's headquarters are located at 3000 Richmond Avenue, Suite 400, Houston, Texas 77040.

Transocean Inc. (NYSE: RIG) up 1.4% on 3.7 million shares traded. Transocean Inc. is one of the largest offshore drilling contractors.

Western Gas Resources Inc (NYSE: WGR) up 0.2% on 4.6 million shares traded. Western is an independent natural gas explorer, producer, gatherer, processor, transporter and energy marketer.

BP (NYSE: BP) up 0.6% on 2.2 million shares traded. BP markets gallons of gasoline every year to U.S. consumers through retail outlets.


"Investors and analysts are keeping a close eye on the Fed this week as most expect an increase of .25 basis points to 5.25%, some say .50 basis points, will be announced this Thursday. The Commerce Department said unexpected rise in new home sales for May to 4.6%, seasonally adjusted to 1.234 million units, surprised analysts and economists, who had predicted a slump. The benchmark 10-year Treasury note fell 3/32 to 99 3/32 yielding 5.24% after the housing data," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're Interested in telling your story, we can help. Contact us at

WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 50 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at and select the "join now" button.

WSNA is a Platinum Sponsor of Quality Stocks. Quality Stocks tracks the stock picks of 150 Investment Newsletters every day and reports on their performance. For their free service, visit

*** It has come to the attention of Wall Street News Alert (WSNA), that various persons or companies distribute faxes bearing similar names to Wall Street News Alert. Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street.***

Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Fourteen Thousand Dollars for current coverage and was previously compensated Fourteen Thousand Dollars for past coverage of Lucas Energy, Inc. (OTCBB: LUCE), by a third party (SilverKing Consulting), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.

Contact email: Email Contact
Company: Wall Street News Alert

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here