SOURCE: Wall Street News Alert

June 21, 2006 08:43 ET

Hot Stock Alert: Small Public Company Acquires New 100 Acre Property! June 21, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- June 21, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Lucas Energy Incorporated (OTCBB: LUCE), Peabody Energy (NYSE: BTU), CenterPoint Energy, Inc. (NYSE: CNP) and FirstEnergy (NYSE: FE).

Aggressive investors and day traders should start watching Lucas Energy, Inc. (OTCBB: LUCE) this morning! The stock just recently began trading and yesterday after the stock markets closed, the company issued a press release announcing its acquisition of a 100.86 acres oil and gas property: the Mahlmann Lease Prospect (Big Creek Dome Area), located in Fort Bend Country, Texas.

News of the acquisition should get the attention of investors! The objective of the project is to re-enter the well and produce from the Vicksburg sand formations. The Mahlmann lease covers other producing horizons such as the Miocene (1,800+'), Frio (2000+'), Vicksburg (6,000+), Yegua (7,500+) and Wilcox (sub-salt 12,000-15,000) formations. These formations also are found in several fields around the Dome in Ft. Bend County, Texas. It is estimated that the re-entry well could produce 80,000 Bbls of oil from each of the upper Vicksburg sands.

Continue to watch this company! The agreement also provides the potential to drill and produce additional new wells on the lease property that are on the same contour or horizon. This is permitted on the Salt Dome where there are no spacing limitations imposed by the State.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Lucas Energy! The Big Creek Dome field was discovered by Gulf Oil and The Texas Company (Texaco) in the late '30s and has produced over 7.9 million barrels of oil and more than 2 Bcf of gas from primarily wells at above 2,000 feet.

"The Mahlmann lease acquisition is another significant step forward for Lucas Energy. I am pleased by the steady progress that our Company is making towards building a quality energy portfolio which in turn will contribute to a healthy bottom line and balance sheet," stated CEO James Cerna, Jr., Lucas Energy, Inc.

Prior to the latest press release, the stock closed yesterday at $1.80 a share.

For an in-depth profile of Lucas Energy, Inc., visit http://www.thenewssvc.com/LUCE062006.html

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the company: Lucas Energy is an oil and gas company that is building a diversified portfolio of high value oil and gas assets in the United States. Founded in 2004, Lucas Energy began by identifying underdeveloped oil and gas operations that represented strong potential for development. In May of 2005, the company completed its first acquisition, located in the Pilgrim Field, Gonzales County, Texas. The Company's headquarters are located at 3000 Richmond Avenue, Suite 400, Houston, Texas 77040.

Peabody Energy (NYSE: BTU) down 2.7% on 5.7 million shares traded.

Peabody Energy is one of the largest private-sector coal company's.

CenterPoint Energy, Inc. (NYSE: CNP) down 0.2% on 954,000 shares traded.

CenterPoint Energy, Inc. is a domestic energy delivery company.

FirstEnergy (NYSE: FE) up 1.5% on 1.5 million shares traded.

FirstEnergy is a diversified energy company headquartered in Akron, Ohio.

Commentary:

"The Commerce Department noted that housing for May was up, aided by dry weather, however, building permits were off by 2.1%. New construction was up by 5% for May and estimated starts were adjusted to 1.96 million units versus the 1.86 million economists had predicted," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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