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Delaware Basin E&P Taps Advisor for Strategic Alternatives
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Lilis Energy reported its Q3 2019 results.
The company also announced the formation of a Special Committee and the engagement of a financial advisor to explore strategic alternatives.
Special Committee and Strategic AdvisorIn conjunction with the Company reporting third quarter 2019 operating and financial results, the Company also announced that the Board of Directors has formed a Special Committee comprised of independent directors tasked with reviewing and evaluating strategic alternatives that may enhance the value of the Company, including alternatives that may be available to identify and access further sources of liquidity. While the Board has established a Special Committee to review and evaluate strategic alternatives, no assurances can be given as to the outcome or timing of…
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