Corporate Presentation January 2018 NYSE American LLEX
Investment Highlights Over 16,200 net acres (91% operated) in the Permians Delaware basin Pure Play Permian Multi-year inventory of over 900 potential net horizontal locations Operator with Core Strong well economics with 87% IRRs…
Lilis Energy Overview Delaware Basin Position Corporate Overview Delaware Basin Operator Prolific Delaware Basin is now in full scale development mode Over 16,200 net acres positioned in the core of the Delaware Over 900 net…
Lilis Area Well Results Prizehog (Spud: Jun 2017; First production: Nov 2017) Wolfcamp B New Drill 1 Measured depth is 17,282 Treatable lateral is 4,720; 24 stages and 2,040 lbs/ft 24hr IP rate of 1,127 Boepd (89% liquids) IP Per…
Wildhog BWX State Com 1H De-Risking Acreage 6
Delaware Basin Structural Cross Section Eastern Acreage PRODUCING TARGETS Wolfcamp B Primary target to date with 7 active HZ wells on acreage showing strong results Wolfcamp A One active HZ well: Kudu 1H Drilled out of target by…
Strong Offset Well Results and Recent Transaction Support Value EOG Whirling Wind Wells Wheatfield 16 State 701H Wolfcamp XY 7000 lateral Wolfcamp A Avg. IP30 4,000 Boe/d (80% oil) IP30 1,054 Boe/d (90% oil) Madera 24 Federal 2H…
Delaware Acquisition Coring Up Existing Acreage Acquisition Adding De-risked Inventory Adding Overlapping and Contiguous Inventory Adds over 4,400 net acres overlapping and contiguous to existing position 3,900 net acres or 90% of…
Western Acreage vs. Eastern Acreage Cross Sections Confirm Multi-Bench Inventory Adding Overlapping and Contiguous Inventory W W Adding Overlapping and Contiguous Inventory E E 10
Lilis Energy: Prospective Drilling Benches & Drilling Inventory Over 900+ Delaware Well Locations Provide Multi-Year Inventory(1) Internal geologic and engineering analysis suggests multi stacked pay development. Upward potential of…
Lilis Energy: Contiguous Acreage Position with Well Control and Takeaway Capacity Significant Value in Delaware Continued delineation of acreage Geographical - During the first quarter we expect to complete one well and commence…
Lilis Energy: Strong Well Economics Wolfcamp B 1 Mile Lateral Type Curve Sensitivities Wolfcamp B 1 Mile Lateral Type Curve Sensitivities Notes: *Differentials used for pricing include -5.5%/bbl and -26% on gas *Metrics used for…
Third Quarter Production and Curtailment Review 15
LLEX Comparison - Oasis Delaware Basin Acquisition Overview ACQUISITION OVERVIEW ACREAGE MAP Acquired 20,300 consolidated net acres in the core of the LEA Delaware Basin oil window for 946 million Acreage in Loving, Ward, and Winkler…
Offset Well Results in Delaware Basin ASSET MAP AND SELECTED WELLS SELECTED WELLS Lateral 180 IP Rate / Completion Well Name Operator Length (ft) 1,000 (bbls) Date 2nd Bone Spring 1 Ludeman I 3 RSP Permian 7,109 68 4/16/2017 3rd…
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…
Delaware Basin Transaction Trends PERMIAN DELAWARE TRANSACTION VALUE (MM) (AS OF 18-DEC-17) DELAWARE DEALS ON THE MARKET (AS OF 18-DEC-17) 13,014 Date Added Seller Advisor Status Est. Value Range (dd-mmm-yy) (US mm) 9,824 25-Oct-17…
LLEX Management Team Mr. Linville joined Lilis Energy in June 2017 as President and became CEO in August, bringing more than 30 years of experience in the energy industry. Prior to joining Lilis Energy, Mr. Linville held leadership…
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.…
LLEX Board of Directors Mr. Runnels was appointed to the Board of Directors in September 2017. He is the Chairman and Chief Executive Officer of T.R. Winston & Company (TRW). Mr. Runnels has been with TRW since 1990 and became its…
Share Count Breakout 23
Wobbe Ploegsma VP of Finance & Capital Markets irlilisenergy.com 210.999.5400 NYSE American LLEX