Camber Energy Inc.

Lucas Energy, an independent oil and gas company with its operations in Texas, today announced the Company has regained compliance with the NYSE MKT listing standards, contingent on meeting certain conditions by December 4, 2014. The Company had previously presented its plan of compliance on March 28, 2014 in a letter to the Exchange, in response to a notice that the Company was below certain of the NYSE MKT continued [...]

Lucas Energy today announced that it has completed the sale of its 100% working interest in oil and gas leases and wells/wellbores in Madison County, Texas for $700,000. The cash transaction includes approximately 450 net mineral acres primarily in the Buda and Glen Rose formations. Management determined this acreage to be non-core and has utilized the proceeds to purchase leaseholds in Gonzales County, Texas in addition [...]

Lucas Energy today announced that it has signed a binding participation agreement with Oak Valley Resources, to jointly develop the Company's Karnes County, Texas acreage in the Eagle Ford shale formation. At closing Lucas will receive $444,000 for a 50% working interest on approximately 400 acres. OVR will manage the drilling of the wells and each company will bear 50% of the drilling and completion costs. Once the [...]

Lucas Energy today announced that the NYSE MKT notified the Company that it has been granted an extension until October 31, 2014 to regain compliance with the NYSE MKT continued listing standards. The Company had previously presented its plan of compliance on March 28, 2014 in a letter to the Exchange, in response to a notice that the Company was below certain of the NYSE MKT continued listing standards, as set forth in [...]