Lucas Energy (LEI) Skyrocketing on Unrest, Shale Play

Lucas Energy (AMEX:LEI) appears to be the beneficiary of the unrest in the Middle East, as it seems companies with shale exposure are experiencing a trickle down effect from the crisis.

Add to that the recent announcement the company has completed a test well in the Eagle Ford Shale in Texas earlier this week, and you have a scenario that is resulting in the shares of the company surging.

The test well in Texas is projected to meet or exceed expectation of initial test potential of 500 barrels of oil a day and increase the company's net production, cash flow from producing wells and net proven reserves.

Lucas was trading at $4.23, up $1.06, or 33.44 percent, as of 1:33 PM EST.