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March 2018 Corporate Presentation – Lilis Energy Inc.

Lilis Energy Inc. · Mar 16, 2018 · 26 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 1
    Corporate Presentation March 2018 NYSE American LLEX
  2. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 2
    Investment Highlights Pure play Permian Basin operator Approaching 20,000 net acres (90% operated) in the Permians Delaware basin with approximately 19,000 net acres upon Pure Play Permian closing of the recently announced…
  3. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 3
    Lilis Energy Overview Delaware Basin Position Corporate Overview Pure Play Delaware Basin Operator Lea Prolific Delaware Basin is now in full-scale development mode Liquidity and cash flow expected to be sufficient to fund…
  4. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 4
    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…
  5. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 5
    Acquisition vs. Recent Comparable Transactions 18,942/acre (1) adj. acquisition multiple compares favorably to proximate transactions in the East Delaware oily window Centennial Resource Development / GMT Exploration RSP Permian /…
  6. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 6
    Lea County Acquisition - Recent Well Results / Activity Multiple Offset Benches Targeted 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…
  7. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 7
    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…
  8. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 8
    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…
  9. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 9
    Current Operations Current Activity 1. Grizzly 2H (Wolfcamp B) On well test 2. Lion 3H (Wolfcamp B) On well test 3. AG Hill 1H (Wolfcamp B - Eastern Acreage) Well is currently being fracture stimulated 4. Meerkat 1H (Wolfcamp XY)…
  10. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 10
    Lilis Area Well Results Prizehog (Spud: Jun 2017; First production: Nov 2017) Lilis Acreage Wolfcamp B New Drill Lilis Producing Well 1 Measured depth is 17,282 Treatable lateral is 4,720; 24 stages and 2,040 lbs/ft Pending OEP…
  11. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 11
    Well Results De-Risking Acreage 12
  12. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 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…
  13. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 13
    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…
  14. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 14
    Lilis Energy: Contiguous Acreage Position with Well Control and Takeaway Capacity Significant Value in Delaware Continued delineation of acreage Geographical - During the first quarter 2018 we expect to complete one well and…
  15. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 15
    Appendix
  16. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 16
    Curtailment Overview Production Ramp Q4 2017 Avg. Daily Production 2,500 2,316 1,948 2,000 1,649 Boepd 1,500 1,000 500 - Oct-17 Nov-17 Dec-17 Note: Q4 2017 Avg. daily production does not include production…
  17. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 17
    Revenue and Production Data Year Ended December 31, 2017 2016 Variance Product Volumes: Oil Sales (Bbl) 371,993 61,088 310,905 509% Natural Gas (MCFE)-volume 776,164 332,643 443,521 133% Product Sales (BOE) 73,875 11,357 62,518…
  18. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 18
    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…
  19. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 19
    Eastern Acreage Cross Section Confirm Multi-Bench Inventory E E 20
  20. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 20
    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…
  21. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 21
    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…
  22. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 22
    Hedging Summary & Estimated Impact The Company has recently initiated an active program to hedge near-term production pursuant to targets set relative to the reserve report dated December 31, 2017 prepared by Cawley, Gillespie &…
  23. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 23
    Current Fully Diluted Share Count LLEX Diluted Share Count: Treasury Stock Method As % of Fully 8/15/17 LLEX Pro Forma Share Purchase Pro Forma % Diluted Share Count Adjustments 1/31/18 under TSM 1/31/18 Ownership Shares Equity:…
  24. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 24
    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…
  25. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 25
    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.…
  26. March 2018 Corporate Presentation – Lilis Energy Inc. – slide 26
    LLEX Board of Directors Markus Specks is a Managing Director of Vrde Partners, Inc. and Head of the firms Houston office. Mr. Specks leads Vrdes Markus Specks energy business, and has experience managing credit, equity, and structured…

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