Lilis Energy Premium Assets Permian Entry Top Shale Plays In June 2016, Lilis entered the Permian Basin through a Delaware Basin and DJ Basin merger with a distressed Delaware Basin operator Acquired producing Permian asset at…
Investment Highlights Acquire: Target financially distressed companies with economic production and attractive acreage Continue Dual Growth Strategy Develop: Pursue drilling and recompletion opportunities on a highly selective…
Recent Activity Increased net production 250 boe/d during first 45 post closing Completed Eight Niobrara wells, Weld County, CO Participated in the drilling of 8 Noble operated wells in Wattenberg Current production is 130 boe/d…
Permian Asset Overview Contiguous acreage on Loving-Winkler County line in Texas and Lea County, New Mexico 7,857 Gross Acres / 3,772 Net acres, 95% HBP Current production 500 Boe/d 19 vertical wells & 2 Horizontal producing from…
Delaware Offset Map Strictly Private and Confidential 7
Strategic Advantage Significant Value in Delaware Existing Well Logs Vertical wellbores allow for horizontal Re-Entry 19 16 Extensive well control 14 No seismic or pilot holes required 10 Full suite of logs penetrate entire…
DJ Basin Asset Overview Core Wattenberg acreage in Weld County, Colorado 774 Net acres Additional DJ Basin acage in Laramie County, Wyoming and Nebraska 6,844 Net acres Current production 150 Boe/d 16 producing wells from the…
18-Month Capital Plans 2016 2017 Capital Allocation EUR1 by Formation (Mboe) Delaware Basin Wolfcamp Bone Springs Avalon 900 100% 500 500 Wolfcamp Bone Springs Avalon Minimizing D&C Cost Wolfcamp Bone Springs Avalon…
Equity Valuation Current Equity Valuation of Certain Permian Operators1 Company TEV/boe/d2 Diamondback Energy, Inc. 200,876 RSP Permian, Inc. 173,588 Parsley Energy, Inc. 194,737 Laredo Petroleum, Inc. 87,742 Matador Resources…
Transaction Comp Valuation Selected 2016 M&A Permian Basin Transactions 1 Number of Transactions 15 Mean Transaction Value (mm) 332.7 Avg. price per boe (/boe) 52.16 Avg. price per boe/d (/boe/d) 256,347 Avg. price per Acre…
Conclusion Ground floor opportunity to participate in a high-quality E&P company Shareholders alignment with a strong management and Board of Directors Highly desirable assets in one of the best North American basins which…