Investment Highlights 5,600 net contiguous acres (100% operated) in the core of the Delaware basin or 35,000 net horizontal effective acres Pure Play Permian Multi-year inventory of over 450 potential horizontal net locations…
Lilis Energy Overview Delaware Basin Position Lilis Energy Overview Delaware Basin Based Operator Delaware Basin is now in full scale development mode 5,600 net contiguous acres in the core of the Delaware 450+ net identified future…
Delaware Offset Well Map LLEX Acreage and Offset Operators LLEX Acreage and Offset Operators Contiguous acreage on Loving-Winkler County line in Texas and Lea County, New Mexico 5,600 net acres, 73% HBP 100% operated Average…
Strong Offset Well Results and Recent Transactions Support Value Concho 12 Endurance Concho Coachman Fee 4H White Falcon 16 1H Gunner Fed 5H IP24: 1,142 Boe/d 11 IP30: 1,813 Boe/d IP30: 1,306 Boe/d Lea Lilis Energy Grizzly 1H 10…
RSPP / Silver Hill Transaction: Analogous to LLEX Assets RSPP / Silver Hill Transaction Overview Wolfcamp Depth: Delaware Basin(1) October 2016 RSP Permian (RSPP) and Silver Hill Energy Partners I and II (Silver Hill) announced…
Recent Highlighted Transactions Recent transactions up to 55,000 per acre highlighted by RSPPs acquisition of Silver Hill for acreage that directly offsets and surrounds LLEXs acreage footprint Silver Hill is a direct offset to LLEXs…
Lilis Energy: Net Effective Acres and Drilling Locations Over 450+ Net Delaware Well Locations Provide Multi-Year Inventory(1) Internal geologic analysis suggests multi stacked pay development per section is approximately 52 wells On…
Lilis Energy Strong Well Economics Wolfcamp B EUR 738 Mboe - Type Curve Assumptions(1) 2-Stream Breakout(1) Gross CapEx: 6.0 million Lateral Length: 5,280 (1mile) Dry Gas 20% IP BOPD: 1,000 EUR: Frac stages: 29 738mboe B factor…
Strategic Advantage Significant Value in Delaware Existing Well Logs Vertical wellbores allow for horizontal re-entry 19 Reducing completed well costs by 2 million per 16 14 well Extensive well control 10 No seismic or pilot…
Preliminary 2017 Development Plan Preliminary Development Strategy EUR(1) by Formation (Mboe) Projected 46 million(2) D&C capex program to drill 10 net wells Wolfcamp: 1.5 Mile Wolfcamp: 1 Mile Bone Springs Avalon Initially utilize…
Recent Financial Activity Acquisitions Acreage Acquisitions Since its merger, Lilis has increased its Delaware Basin acreage position by 53% November 7, 2016 added 860 net contiguous acres further expanding Delaware Basin footprint…
Pure Play Delaware Basin Operator: Leveraged to the Permian When compared to other public Permian peers, LLEX has the highest Permian Basin exposure per 1 million of enterprise value(1) LLEXs leverage to the Permian is 1.9x greater…
Investment Highlights 5,600 net contiguous acres (100% operated) in the core of the Delaware basin or 35,000 net horizontal effective acres Pure Play Permian Multi-year inventory of over 450 potential horizontal net locations…
LLEX Management Team Mr. Mirman has an extensive 20-year background in the securities industry and was appointed CEO in April 2014, after serving as the Companys President beginning in September 2013. Mr. Mirman was appointed to Lilis…
LLEX Board of Directors Mr. Ormand brings more than 34 years of industry experience. Mr. Ormand has completed over 25 billion of capital markets and 10 billion of financial advisory transactions as both a principal and banker. Mr.…
Capitalization Capitalization Pro Forma(1) ( in thousands) 9/30/2016 Cash 28,703 Long Term Debt Term Debt (face value) 31,000 Note Payable SOS Ventures 1,000 Total Debt 32,000 Conditionally Redeemable 6% Preferred Stock…
Equity Share Count Breakdown Diluted Share Count as of 9/30/16 Shares Potential Proceeds Equity Shares outstanding at 9-30-16 19,013,602 6% Series B Convertible Preferred stock w/ dividends 18,478,788 Warrants - Preferred…
Wobbe Ploegsma VP of Investor Relations & Capital Markets irlilisenergy.com 210.999.5400 CorProminence David Boral OTC LLEX davidbcoreir.com 512.222.2560