Investment Highlights Over 8,000 net acres (100% operated) in the Delaware basin Pure Play Permian Multi-year inventory of over 500 potential horizontal net locations Operator with Core Generates strong returns with 76% IRRs using…
Lilis Energy Overview Delaware Basin Position Lilis Energy Overview Delaware Basin Based Operator Delaware Basin is now in full scale development mode Over 8,000 net acres in the core of the Delaware Over 500 net identified future…
Delaware Offset Well Map LLEX Well Results & Operational Highlights LLEX Acreage and Offset Operators Contiguous acreage on Loving-Winkler County line in Texas and Lea County, New Mexico Lilis Energy Grizzly 1H 15 vertical wells, 4…
Strong Offset Well Results and Recent Transaction Support Value Concho Endurance Concho Coachman Fee 4H White Falcon 16 1H Gunner Fed 5H 13 IP24: 1,142 Boe/d IP30: 1,813 Boe/d IP30: 1,306 Boe/d 12 Lea 11 Lilis Energy Grizzly…
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…
Contiguous Acreage Position with Well Control and Takeaway Capacity Significant Value in Delaware Existing Well Logs Vertical wellbores allow for horizontal re-entry 19 Reducing completed well costs by 1 million per 16 14 well…
Offset Operator Lateral Targets: Break-Out Getty Oil Company 1 423013022700 LEA Heritage Resources Tubb Estate 21 Federal Deposit INS 424953197900 Comanche UNIT 1 424953040600 A 1 Heritage Standard Wolfe Unit 7 Exxon Co USA…
Structural Cross Section Delaware Basin Structural cross section fromSubsea west to east GETTY OIL COMPANY…
Lilis Energy: Net Effective Acres and Drilling Locations Over 500+ 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 Type Curve and Well Economics 2,000 832 (Mile) 832 (Mile) 1,005 (1.5 Mile) Type Curve (03-01-2017 Strip Prices) Re-Entry New Drill Re-Entry Gross Capex 6.0 7.0 7.0 Lateral Length 5,280…
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…
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 1.8x greater…
Appendix Strictly Private and Confidential
Recent Financial Activity Acquisitions Acreage Acquisitions Since its merger with Brushy Resources in June 2016, Lilis has increased its Delaware Basin acreage position by over 125% November 7, 2016 added 860 net contiguous acres…
Capitalization Table Strictly Private and Confidential 17
Share Count LLEX Diluted Share Count 3/10/2017 Proceeds from Exercise Share Count % Ownership (000s) Equity: Shares Outstanding 25,207,245 39.1% NA Pro Forma Shares - PIPE Issuance 5,194,837 8.1% NA Total Shares Outstanding…
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.…
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