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 Continue Dual Growth Strategy and attractive acreage primarily in core area of Permian Basin Acquire & Develop Develop: Pursue drilling…
Recent Activity Financing Closed Equity Financing Raised 24 million of equity Preferred shares will convert into common shares upon Proxy vote Closed Debt Financing Initial draw of 31 million, 6% interest 50 million facility In…
Permian Asset Overview Contiguous acreage on Loving-Winkler County line in Texas and Lea County, New Mexico 10,970 Gross Acres / 4,433 Net acres, 92% HBP Current production 540 Boe/d 20 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 388 Net acres Additional DJ Basin acage in Laramie County, Wyoming and Nebraska 6,801 Net acres Current production 100 Boe/d 16 producing wells from the…
18-Month Development 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…
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…
Transaction Pro Forma Assets Liabilities and Shareholder's Equity Transaction Transaction June 30, 2016 Pro Forma June 30, 2016 Pro Forma (Unaudited) (Unaudited) (Unaudited) (Unaudited) Cash and equivalents 6,489 31,110 Term…
Equity Breakdown Shares Proceeds Equity Shares outstanding at 9-30-16 19,003,602 6% Series B Convertible Preferred stock w/ dividends 18,478,788 Warrants - Preferred Stock Series B ( 0.01 ) 2,840,912 28,409 Adjusted Shares…
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…
Management Ronald D. Ormand, Executive Chairman of the Board Brings more than 34 years of industry experience. He has completed over 25 billion of capital markets and 10 billion of financial advisory transactions as both a principal…
Management Ed Shaw, Chief Operating Officer Mr. Shaw served as the COO of Starboard Resources. He began his career as a systems analyst before becoming involved in the oil and gas industry. He has prior experience in Saudi Arabia and…
Board of Directors Ronald D. Ormand, Executive Chairman of the Board Brings more than 34 years of industry experience. Prior to Lilis, Mr. Ormand served various roles as both a principal and banker. Mr. Ormand was a Co-founder and…
RSPP Acquisition RSPP acquired 41,000 net acres and 15,000 boe/d for 2.4 billion Assuming 40,000 per flowing barrel, acreage valued at 43,900 / acre Strictly Private and Confidential 19
Joe Pawelek VP of Corporate Finance and Investor Relations irlilisenergy.com 210.999.5400 CorProminence David Boral OTC LLEX davidbcoreir.com 512.222.2560