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LUCE Is on the Move: Announces Acquisition and Successful Revitalization of Griffen Oil Unit No. 2! August 17, 2006

Wall Street News Alert's "stocks to watch" this morning are: Lucas Energy, Inc. (OTCBB: LUCE), BP (NYSE: BP), Sunoco, Inc. (NYSE: SUN) and Chevron Corporation (NYSE: CVX).

Lucas Energy, Inc. (OTCBB: LUCE) has just released news that may spark aggressive investors and day traders to watch the stock this morning! Yesterday after the stock markets closed, the company issued a press release announcing it has completed the acquisition and revitalization the Griffen Oil Unit #2 well, which is now producing 35-48 barrels of oil per day.

News of the successful revitalization should get the attention of investors! Lucas Energy, Inc. recently acquired the Griffen Oil Unit #2 well located in the Gonzales County, Texas area. The well is a straight hole completion in the Austin Chalk formation. The well was shut down at the time of purchase. The well was shut in during 2000 after an offset operator injected water into the formation and flooded out the well.

Lucas Energy's revitalization team headed by Lucas Energy Chief Operations Officer, William A. Sawyer, ran a cased hole log on the well and evaluated the potential. His team added a large pumping unit, new rods and pump and replaced all of the tanks. The well responded favorably, and has been placed online.

Continue to watch this company! Lucas Energy CEO James Cerna, Jr. stated, "The Griffen Oil well is a perfect example of how Lucas Energy's expertise can turn around a previously shut-in well into a profitable producer of oil. This asset will result in a four-month payback to the company and is expected to add approximately $500,000 to our bottom line over the next year."

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Lucas Energy! In June, the company announced the success of its revitalization of Kuntschik No. 2 well which was then producing 50 barrels per; day up from 4-7 barrels per day. And then in July, the company announced that the recently acquired and revitalized Jessie Perkins No. 1 well was consistently producing 70 barrels of oil per day.

Prior to the latest press release, the stock closed yesterday at $2.55 a share.

For an in-depth profile of Lucas Energy, Inc., visit http://www.thenewssvc.com/LUCE081606.html

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, 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.

BP (NYSE: BP) down 1.8% on 4.1 million shares traded. BP markets gasoline to consumers through retail outlets.

Sunoco, Inc. (NYSE: SUN) down 0.2% on 3.4 million shares traded. Sunoco, Inc. is a manufacturer and marketer of petroleum and petrochemical products.

Chevron Corporation (NYSE: CVX) down 1.4% on 9.4 million shares traded. Chevron Corporation is an energy companies, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products.

Market Commentary:

"On the inflation watch, the Commerce Department released data that showed core inflation was up by only 0.2%; it was up by 0.3% for four straight months. Core numbers, which leave out energy and food price, have risen 2.7% in the past 12 months. This combined with a decrease in retail numbers is good news for inflation and future fears of a Fed hike, some analysts note," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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