HOUSTON, July 17, 2008 (PRIME NEWSWIRE) -- Lucas Energy, Inc. (AMEX:LEI - News), a U.S. based independent oil and gas company, today announced an update on Bonanza Oil and Gas, Inc.'s (OTC BB:BGOI.OB - News) Apclark Project, in which Lucas is a minority shareholder, located in Borden County, TX.

Bonanza Oil and Gas, Inc., an independent oil and gas company, reported that its Everett #7 well, the second in a series of 14 horizontal and 53 vertical wells planned for the Apclark project, reached final horizontal TD, and is currently being rigged up for completion. The work-over rig was moved from the Jackson #1 well on July 3rd, and is preparing for the fracture stimulus in the Jo Mill Spraberry Zone on July 17 and 18.

Management Comments

Mr. James Cerna, CEO of Lucas Energy said, ``Lucas owns over 3.6 million shares of Bonanza Oil and Gas and we are pleased with the progress we have seen in the company's strategy and particularly in development of the Apclark acreage. Our partnership with Bonanza diversifies Lucas' return profile, from both geographic and strategic viewpoints. We continue to evaluate relationships with quality operators and exploration companies that have potential to add to future cash flows generated for Lucas shareholders.''

About Lucas Energy

Lucas Energy, Inc. (AMEX:LEI - News) is an independent crude oil and gas company building a diversified portfolio of valuable oil and gas assets in the United States. The company is focused on identifying underperforming oil and gas assets, which are revitalized through a meticulous process of evaluation, application of modern well technology, and stringent management controls. This process allows the company to increase its reserve base and cash flow while significantly reducing the risk of traditional exploration projects. The Company's headquarters are located at 3000 Richmond Avenue, Suite 400, Houston, Texas 77098.

The Lucas Energy logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4192

About Bonanza Oil & Gas

Based in Houston, TX, Bonanza Oil and Gas, Inc. holds assets ranging from current producing properties, wholly owned prospects, to developing working interests in Proven Undeveloped (PUDS) properties.

Forward-Looking Statement

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words ``expects,'' ``projects,'' ``plans,'' ``feels,'' ``anticipates'' and certain of the other foregoing statements may be deemed ``forward-looking statements.'' Although Lucas Energy believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors. The complete filing is available at http://www.sec.gov

          Lucas Energy, Inc.
          Jim Cerna, CEO
            713-528-1881
          Investor Relations
          Brad Holmes
            713-654-4006
            bholmes@lucasenergy.com