In 2004, Lucas Energy was founded by industry experts with extensive regional field experience who wanted to build a different type of oil and gas company. By acquiring proven assets in areas where management has had prior experience, we have avoided most of the typical exploration and production risks associated with traditional oil companies. Lucas Energy's™ corporate philosophy is to operate an efficient, agile, and risk-averse oil company. To date, the Lucas team has proven its ability to grow reserves while maintaining a profitable company.

The management team of Lucas Energy, Inc., has been chosen based on experience, successful endeavors, and technical ability. The composition of this team brings the ability to make things happen in the oil and gas industry, and enhance the value of the company assets. Enhancement of company assets is the key to today's small oil and gas profitability. Price increases are no longer the key factor to profitability planning, being replaced by enhancement of the base asset value.

Included in the management team is technical expertise with over 30 years of experience in the oil and gas industry. This expertise includes management of oil and gas properties, reservoir engineering, production engineering, and experience managing field personnel. The quality of the technical expertise is above a level found in most companies, whether large or small. Whether it is finding an acquisition, evaluating the acquisition, transition and closing, or the enhancement of the acquisition asset, the Company's technical expertise is one of the best.

James J. Cerna, Jr. - Chief Executive Officer
Mr. Cerna is a successful company leader with experience in the energy industry and publicly traded companies. Prior to joining Lucas Energy Inc., Jim was the Chief Oil and Gas Analyst and CFO of Petroleum Partners LLC., an energy development company operating in the Barnett Shale Play. Jim was the founder and CEO of NetCurrents, Inc., (NASDAQ: NTCS), an organization that focuses on Internet information monitoring and analysis, competitive intelligence, and strategic counsel in the business-to-business market sector. Jim was responsible for successfully growing the company from a start up with an initial valuation of $500,000 to a Nasdaq Small Cap listed company with a market cap of $330 million upon his retirement.

Prior to NetCurrents, Jim was the manager of the GT Global/AIM Funds performance analysis group in San Francisco. Earlier, he was an international equity analyst with Bailard, Biehl, and Kaiser in San Mateo, California. Jim has received 5 certificates of achievement from the Institute of Chartered Financial Analysts. He is honored by Strathmore's Who's Who for leadership and achievement in the Finance Industry.

William A. Sawyer - Chief Operations Officer
Mr. Sawyer is proven hands-on energy executive with over 30 years of diversified experience in the energy industry with firms such as; ARCO, Houston Oil & Minerals, Superior Oil (Mobil), and ERCO. He founded the petroleum consulting firm of Exploitation Engineers, Inc. The firm has served the oil and gas industry for more than 18 years. Clients have included private investors, independent oil companies, banking institutions, major energy and chemical companies, and the US government. The firm has evaluated and managed large projects such as a private trust, which included interests in several hundred producing and non-producing oil and gas properties. This background as a consultant has given Mr. Sawyer the superior technical and business skills necessary to evaluate mineral interests and to prepare fair market value appraisals of both minerals interests and sub-surface storage interests. Mr. Sawyer has been an expert witness in federal court, state court, and before several state agencies in Texas and Oklahoma. Mr. Sawyer has testified as to the fair market value of mineral interests and sub-surface storage interests on several occasions.

Malek A. Bohsali - Chief Financial Officer
Mr. Bohsali brings over 15 years of experience in the energy sector, which includes a distinguished background in both engineering and fiscal governance.

Mr. Bohsali has over 15 years of experience in the energy industry, including positions in management and oversight of engineering and construction activities, negotiating major vendor contracts, and implementing financial controls. Mr. Bohsali also has strategic business development, competitive analysis and financial structuring experience. He has identified, analyzed and negotiated acquisition and development targets ranging in size from $50 million to $1.45 billion for Fortune 100 and Fortune 200 companies.

Eric Wold, CFA - Board Member, Finance Committee
Managing Director, Equity Research Merriman Curhan Ford & Co.

Eric Wold is a Managing Director, Equity Research at Merriman Curhan Ford & Co., where he is responsible for covering the Restaurant and Specialty Consumer sectors. He joined the firm in March 2002. For 2004, Mr. Wold was ranked number 2 in the nation by both The Wall Street Journal's "Best on the Street" and the Forbes/StarMine surveys for the Restaurant industry.

Prior to joining Merriman Curhan Ford & Co., Mr. Wold served as Director of Corporate Finance with NightFire Software, a privately-held telecommunications software company based in Oakland, California. In this capacity, he oversaw the company's corporate finance activities, including a Series D equity financing and multiple debt restructures. From 1997 through 2000, Mr. Wold served as Vice President and Senior Research Analyst at First Security Van Kasper, where he was responsible for the Restaurant and Branded Consumer sectors. Prior to Van Kasper, Mr. Wold began his career on the buy-side with Research Analyst positions with both Polynous Capital Management (a hedge fund that he co- founded in 1996) and GT Global Financial Services.

Mr. Wold received his Chartered Financial Analyst (CFA) designation in 1997 and a BS in Finance from the University of California at Berkeley.

Rick Schmidt - Board Member
A graduate of Colorado School of Mines, Rick Schmidt has actively worked in many arenas in the Oil and Gas Industry. He has managed technical programming groups, geophysical processing companies, development groups and exploration and production companies for over 32 years. He brings with him technical expertise that can help guide and monitor the direction Lucas Energy will choose to take. Rick is a Certified Geophysicist in the State of Texas and a member of SEG, AAPG, HGS, & GSH.

 

Peter K. Grunebaum - Board Member
Mr. Grunebaum is an independent investment banker with over 40 years of experience in the energy sector with a specialty in Exploration & Production. Mr. Grunebaum is a graduate of Lehigh University, and in addition with being a board member of Lucas Energy, he is also on the Board of the Prepaid Legal Services, Inc. [NYSE:PPD] and Stonemor Partners LP. [NASDAQ: STON].