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Lilis Energy Makes Several Executive Appointments

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Lilis Energy has detailed several executive changes.

• Executive Chairman Ronald D. Ormand has been appointed Chief Executive Officer in addition to Chairman of the Board.

• James W. Denny III has been appointed Executive Vice President of Production and Operations

• Michael G. Long has been named as a new member of the Board

About Ormand

Mr. Ormand, who joined Lilis's Board as a Director in March of 2015 and became Executive Chairman in 2016, brings more than 35 years of industry experience as a senior executive and strategic advisor in the energy sector. Mr. Ormand's background includes extensive management as well as financing and strategic expertise acumen in the oil and gas industry.

About Denny

Mr. Denny brings more than 40 years of industry related experience to the Company. Prior to joining Lilis, Mr. Denny served as Vice President at Siltstone Resources, a private exploration and production company engaged in the acquisition, development and production of unconventional resources in the United States and as Executive Vice President of Operations and as President of the Appalachian Division of Magnum Hunter Resources. Mr. Denny has also served in other management roles of independent Oil and Gas Companies. He is a registered Professional Engineer (Louisiana), a National Certified Earth Scientist and and is also a member of various industry associations, including the American Petroleum Institute, the Society of Professional Engineers, the Society of Petroleum Engineers and the Society of Petroleum Evaluation Engineers.

About Long

Mr. Long is an experienced financial executive with over 35 years of oil and gas related management, corporate finance, capital markets, risk management and strategic planning activities for both private and public oil and gas companies. Mr. Long is currently a member of the Board of Directors of S&A Resources, a Denham Capital backed private equity upstream oil and gas start-up company focused on the Eagle Ford. Prior to joining the Board of Directors of S&A Resources, Mr. Long served as the President and Chief Financial Officer for Sanchez Energy Corporation and privately held Sanchez Oil and Gas Corporation and its affiliates. Mr. Long also held the positions of EVP and CFO of Edge Petroleum Corporation and Vice President of Finance for W&T Offshore.