This is because newer versions of software only go into the Ubuntu
development release. Security patches and serious bug fixes go into
released versions:

https://wiki.ubuntu.com/StableReleaseUpdates#Why

The package is also kept in sync with Debian:
http://packages.qa.debian.org/o/openssl.html and openssl 0.9.8k is in
Lucid:

openssl | 0.9.8k-7ubuntu6 |         lucid | source, amd64, i386

** Changed in: openssl (Ubuntu)
       Status: New => Incomplete

-- 
OpenSSL Version
https://bugs.launchpad.net/bugs/521977
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