Corporate Presentation February 2018 NYSE American LLEX
Investment Highlights 19,000 net acres (91% operated) in the Permians Delaware basin upon closing of the recently announced acquisition Pure Play Permian Multi-year inventory of over 1,000 potential net horizontal locations with over…
Lilis Energy Overview Delaware Basin Position Corporate Overview Delaware Basin Operator Prolific Delaware Basin is now in full-scale development mode Liquidity and cash flow expected to be sufficient to fund acquisition along with…
Strategic and Complementary Expansion in the Delaware Basin in Lea County, NM OneEnergy Partners Acquisition Overview Acreage Map Approximately 2,798 overlapping (84% operated) and contiguous net acres acquired in the Delaware Basin…
Acquisition vs. Recent BLM Transactions 18,942/acre (1) adj. acquisition multiple compares favorably to proximate transactions in the East Delaware oily window BLM December 2017 Sale Results (2) Parcel Net Acres / Acre 7 1,264…
Lea County Acquisition - Recent Well Results / Activity Wildhog BWX State Com 1H 1 County Fair 1H 20 Coronado 35 Federal 1H 19 Nocaster 19 Federal 4H 18 Wheatfield 16 State 701H 17 Lilis OneEnergy Endurance Endurance EOG Target:…
Lea County Acquisition vs. Recent Comparable Transactions Adjusted acquisition multiple compares favorably to proximate transactions in the East Delaware oily window Centennial Resource Development / GMT Exploration RSP Permian /…
2018 Plan Highlights & Financial Positions 2018 Plan Highlights Focus on geological and geographical delineation of our highly contiguous position Surpass 20,000 net acres in the Delaware Basin and fill in working interests 2018 drill…
Lilis Current Operations Current Drilling Schedule 2018 Targets Kudu 2H (Wolfcamp B) Zone Well Count Total treatable lateral is 4,936 ft. Wolfcamp A 4 - 6 wells On well test Wolfcamp B 4 wells Grizzly 2H (Wolfcamp B) Wolfcampl XY…
Lilis Area Well Results Prizehog (Spud: Jun 2017; First production: Nov 2017) Wolfcamp B New Drill Lilis Acreage Measured depth is 17,282 Lilis Producing Well 1 Treatable lateral is 4,720; 24 stages and 2,040 lbs/ft 24hr IP rate of…
Wildhog BWX State Com 1H De-Risking Acreage 12
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…
Lilis Energy: Prospective Drilling Benches & Drilling Inventory Over 1,000+ 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…
Appendix
KEW - Delaware Acquisition Coring Up Existing Acreage In Texas 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…
Eastern Acreage Cross Section Confirm Multi-Bench Inventory E E 18
LLEX Comparison - Oasis Delaware Basin Acquisition Overview ACQUISITION OVERVIEW ACREAGE MAP Acquired 20,300 consolidated net acres in the core of the 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…
LLEX Management Team 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. Ormand…
LLEX Management Team Mrs. Hughes joined Lilis Energy in 2017 as an experienced petroleum geologist focused on exploration and optimizing development projects. Mrs. Hughes previous roles have included new ventures exploration, lead…
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…
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