CEI Camber Energy Inc

SCHEDULE 13G

This Schedule 13G (this “ Schedule 13G ”) is being filed on behalf of DBS Investments, Ltd., a Texas limited partnership (“ DBS ”), DBS Management, LLC (“ DBS LLC ”), a Texas limited liability company and the General Partner of DBS, and Mr. Donnie B. Seay, the manager of DBS LLC, relating to the common stock, $0.001 par value per share (“ Common Stock ”) of Lucas Energy, Inc., a Nevada corporation (the “ Issuer ”).

This Schedule 13G relates to shares of Common Stock of the Issuer received by DBS pursuant to the August 25, 2016 closing (the “ Closing ”), of the transactions contemplated by that certain Asset Purchase Agreement, entered into between the Issuer and twenty-three sellers (collectively, the “ Sellers ”), including DBS, as a Seller, and Segundo Resources, LLC, as a Seller and as a representative of the Sellers named therein (the “ Representative ”), dated December 31, 2015 (as amended to date, the “ Purchase Agreement ”). Pursuant to the Purchase Agreement, the Issuer acquired working interests in producing properties and undeveloped acreage in Texas and Oklahoma, including varied interests in two largely contiguous acreage blocks in the liquids-rich Mid-Continent region of the United States, and related wells, leases, records, equipment and agreements associated therewith (collectively, the “ Assets ”), from the Sellers (the “ Acquisition ”). In consideration for the purchase of the Assets, the Issuer assumed approximately $30.6 million of commercial bank debt, issued the Sellers (a) 552,000 shares of Series B Redeemable Preferred Stock (“ Series B Preferred Stock ”)(convertible into 3,941,280 shares of Common Stock, the “ Series B Preferred Stock ”)) and (b) 13,009,664 shares of restricted Common Stock (of which 1,247,912 shares were issued to DBS); and (ii) paid the Sellers $4,975,000 in cash.

Effective August 25, 2016, the Issuer, as borrower, and DBS and certain other Sellers, as guarantors (collectively, the “ Guarantors ”), and International Bank of Commerce, as Lender (“ Lender ”), entered into a Loan Agreement (the “ Loan Agreement ”), whereby the Issuer borrowed $40 million from the Lender. Additionally, in connection with the parties’ entry into the Loan Agreement and to further secure amounts due thereunder, certain of the Guarantors pledged shares of Common Stock which they received at the Closing to the Lender, with DBS pledging 1,247,912 shares of Common Stock. Upon the occurrence of an event of default under the Loan Agreement, and subject to the terms thereof, the Lender can obtain ownership of, and therefore voting power and investment power over such pledged securities.

As General Partner of DBS, DBS LLC, may direct the vote and disposition of the 1,247,912 shares of Common Stock held by DBS. As the manager of DBS LLC, Mr. Seay may direct the vote and disposition of the 1,247,912 shares of Common Stock held by DBS.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a:

(a)  ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)  ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)  ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)  ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);

(e)  ☐ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)  ☐ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)  ☐ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)  ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)  ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)  ☐ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

(k)  ☐ Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: September 12, 2016

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.