Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 7 Key Information 7 Company Overview 7 Lucas Energy, Inc., Valuation and Financial Data, 2011-2015 8 Lucas Energy, Inc., Share Price Performance, 2011-2015 8 Share Price Performance, 2011-2015 8 Key Valuation Metrics, 2011-2015 9 Lucas Energy, Inc., Production and Reserves Trends 10 Total Oil and Gas, Reserves and Production 10 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 10 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 12 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 14 Crude Oil/Liquids Production and Reserve 15 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 15 Crude Oil Production and Reserves By Country/Region, 2011-2015 16 Crude Oil/Liquids Reserve Changes, 2011-2015 18 Natural Gas Production and Reserve 19 Natural Gas Production and Reserve Trend, 2011-2015 19 Natural Gas Production and Reserves, By Country/Region, 2011-2015 20 Natural Gas Reserve Changes, 2011-2015 22 Total Crude Oil and Natural Gas Reserves Life Index 23 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 23 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 24 Lucas Energy, Inc., E&P Costs Trends 26 Allocation of the Upstream Capital Expenditure 26 Upstream Capital Expenditure, 2011-2015 26 Acquisition Costs By Country/Region, 2011-2015 27 Exploration and Development Costs, By Country/Region, 2011-2015 28 Oil and Gas Cost Per boe, US$/boe 29 Oil and Gas Cost Per boe, US$/boe, 2011-2015 29 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 31 Lucas Energy, Inc., Reserve Replacement Ratio 33 Oil and Gas Production Replacement Ratio 33 Oil and Gas Production Replacement Ratio, 2011-2015 33 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 35 Lucas Energy, Inc., Results of Oil & Gas Operations Trend 39 Oil and Gas Revenue and Expenses 39 Oil and Gas Revenue and Expenses, 2011-2015 39 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 40 Oil and Gas Revenue and Expenses, Per boe 44 Oil and Gas Revenue and Expenses, By boe, 2011-2015 44 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 45 Oil and Gas Performance Metrics 48 Lucas Energy, Inc., Land Holdings and Well Data 49 Developed and Undeveloped Acreage 49 Gross and Net Developed and Undeveloped Acreage, 2011-2015 49 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 50 Well Statistics 53 Producible Oil and Gas Well, 2011-2015 53 Producible Oil and Gas Well, By Country/Region, 2011-2015 54 Exploration and Development Wells Drilled, 2011-2015 57 Exploration and Development Wells Drilled, By Country/Region, 2011-2015 58 Recent Developments 59 Lucas Energy, Inc. - Recent Developments 59 Feb 16, 2016: Lucas Energy Announces Fiscal 2016 Third Quarter Financial Results 59 Jan 25, 2016: FTTN: Smaller Producers Could Make Good Targets For Enhanced Oil Recovery 60 Jan 05, 2016: FTTN: Enhanced Oil Recovery Advances Spell Opportunity In Today’s Low Price Environment 61 Nov 16, 2015: Lucas Energy Announces Fiscal 2016 Second Quarter Financial Results 61 Sep 09, 2015: Lucas Energy Regains Compliance With NYSE MKT Listing Standards 63 Aug 14, 2015: Lucas Energy Announces Fiscal 2016 First Quarter Financial Results 63 Jul 14, 2015: Lucas Energy Announces Fiscal 2015 Fourth Quarter And Year-End Financial Results 65 May 15, 2015: Lucas Energy Announces The Termination Of Agreements With Victory Energy 67 Apr 06, 2015: Lucas Energy Granted NYSE MKT Compliance Plan Extension: Update April 6, 2015 67 Feb 17, 2015: Lucas Energy Announces Fiscal 2015 Third Quarter Financial Results 68 Appendix 70 Methodology 70 Coverage 70 Secondary Research 70 Primary Research 70 Data Information Sources 71 Company Source 71 SEC/Other Regulatory Filings 71 Other Sources 71 Expert Panel Validation 71 Data Definition 71 Oil and Gas Reserves 71 Units of Measure 72 About GlobalData 72 Disclosure 72 Disclaimer 72

List of Tables Table 1: Lucas Energy, Inc., Key Facts 7 Table 2: Lucas Energy, Inc., Share Price Performance, 2011-2015 8 Table 3: Lucas Energy, Inc., Key Valuation Metrics, 2011-2015 9 Table 4: Lucas Energy, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 11 Table 5: Lucas Energy, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 13 Table 6: Lucas Energy, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 14 Table 7: Lucas Energy, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 15 Table 8: Lucas Energy, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 17 Table 9: Lucas Energy, Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 18 Table 10: Lucas Energy, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 19 Table 11: Lucas Energy, Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 21 Table 12: Lucas Energy, Inc., Natural Gas Reserve Changes, bcf, 2011-2015 22 Table 13: Lucas Energy, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 23 Table 14: Lucas Energy, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 25 Table 15: Lucas Energy, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 26 Table 16: Lucas Energy, Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 27 Table 17: Lucas Energy, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 28 Table 18: Lucas Energy, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 30 Table 19: Lucas Energy, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 32 Table 20: Lucas Energy, Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 34 Table 21: Lucas Energy, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 38 Table 22: Lucas Energy, Inc., Revenue and Expenses, US$ mil, 2011-2015 39 Table 23: Lucas Energy, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 43 Table 24: Lucas Energy, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 44 Table 25: Lucas Energy, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 47 Table 26: Lucas Energy, Inc., Oil and Gas Performance Metrics, 2011-2015 48 Table 27: Lucas Energy, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 49 Table 28: Lucas Energy, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 52 Table 29: Lucas Energy, Inc., Producible Oil and Gas Wells, 2011-2015 53 Table 30: Lucas Energy, Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 56 Table 31: Lucas Energy, Inc., Exploratory and Developed Wells, 2011-2015 57 Table 32: Lucas Energy, Inc., Exploratory and Developed Wells, By Country/Region, 2011-2015 58 List of Figures Figure 1: Lucas Energy, Inc., Share Price Performance, USD/Share, 2011-2015 8 Figure 2: Lucas Energy, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 9 Figure 3: Lucas Energy, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 10 Figure 4: Lucas Energy, Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 12 Figure 5: Lucas Energy, Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 12 Figure 6: Lucas Energy, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 14 Figure 7: Lucas Energy, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 15 Figure 8: Lucas Energy, Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 16 Figure 9: Lucas Energy, Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 16 Figure 10: Lucas Energy, Inc., Crude Oil Reserve Changes, mmbbl, 2015 18 Figure 11: Lucas Energy, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 19 Figure 12: Lucas Energy, Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 20 Figure 13: Lucas Energy, Inc., Gas Production, By Country/Region, bcf, 2011-2015 20 Figure 14: Lucas Energy, Inc., Natural Gas Reserve Changes, bcf, 2015 22 Figure 15: Lucas Energy, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 23 Figure 16: Lucas Energy, Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 24 Figure 17: Lucas Energy, Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 24 Figure 18: Lucas Energy, Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 25 Figure 19: Lucas Energy, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 26 Figure 20: Lucas Energy, Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 27 Figure 21: Lucas Energy, Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 28 Figure 22: Lucas Energy, Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 29 Figure 23: Lucas Energy, Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 31 Figure 24: Lucas Energy, Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 31 Figure 25: Lucas Energy, Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 32 Figure 26: Lucas Energy, Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 33 Figure 27: Lucas Energy, Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 35 Figure 28: Lucas Energy, Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 35 Figure 29: Lucas Energy, Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 36 Figure 30: Lucas Energy, Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 36 Figure 31: Lucas Energy, Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 37 Figure 32: Lucas Energy, Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 37 Figure 33: Lucas Energy, Inc., Revenue and Expenses, US$ mil, 2011-2015 39 Figure 34: Lucas Energy, Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 40 Figure 35: Lucas Energy, Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 40 Figure 36: Lucas Energy, Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 41 Figure 37: Lucas Energy, Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 41 Figure 38: Lucas Energy, Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 42 Figure 39: Lucas Energy, Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 42 Figure 40: Lucas Energy, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 44 Figure 41: Lucas Energy, Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 45 Figure 42: Lucas Energy, Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 45 Figure 43: Lucas Energy, Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 46 Figure 44: Lucas Energy, Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 46 Figure 45: Lucas Energy, Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 47 Figure 46: Lucas Energy, Inc., Oil and Gas Performance Metrics, 2011-2015 48 Figure 47: Lucas Energy, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 49 Figure 48: Lucas Energy, Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 50 Figure 49: Lucas Energy, Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 50 Figure 50: Lucas Energy, Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 51 Figure 51: Lucas Energy, Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 51 Figure 52: Lucas Energy, Inc., Producible Oil and Gas Wells, 2011-2015 53 Figure 53: Lucas Energy, Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 54 Figure 54: Lucas Energy, Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 54 Figure 55: Lucas Energy, Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 55 Figure 56: Lucas Energy, Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 55 Figure 57: Lucas Energy, Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 56 Figure 58: Lucas Energy, Inc., Exploratory and Developed Wells, 2011-2015 57