Shares of Lucas Energy Inc. (AMEX: LEI) soared in
trading on Friday after the Houston, Texas-based company announced the
commencement of drilling of Hagen Ranch No.4H Well in Gonzales County, Texas.
Lucas Energy shares rose to an intra-day high of
$2.43 on Friday. The stock ended the day more than 8% higher on above average
volume. The rally has pushed Lucas Energy shares above their 50-day moving average.
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