Corporate Presentation May 2018 NYSE American LLEX
Investment Highlights Pure play Permian Basin operator Pure Play Permian 19,400 net acres (90% operated) in the Permians Delaware basin Operator with Core Exceptional drilling results Delaware Position Daily production in excess of…
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 2018…
Strategic and Complementary Expansion in the Delaware Basin in Lea County, NM Acquisition Overview Acreage Map On March 19, 2018, Lilis closed the acquisition of approximately 2,798 overlapping (84% operated) and contiguous net acres…
Recent Comparable Transactions Redefining the Delaware Core 17,274/acre (1) adj. acquisition multiple compares favorably to proximate transactions in the East Delaware oily window Centennial Resource Development / GMT Exploration…
LLEX Comparison CXO Acquires RSP Permian ACQUISITION OVERVIEW ACREAGE MAP Transaction Summary All-stock transaction valued at 9.5 billion, inclusive of RSP Permians 1.5 billion of net debt 0.320 shares of Concho stock per RSP share…
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…
Current Activities Currently, the Company has seven wells in the completion and flowback stage targeting the Wolfcamp A, XY, B and Bone Spring. The Company plans to release the results of the Hippo 2H, AG Hill 1H and Meerkat 1H…
Current Drilling Operations New Mexico Texas Loving Lea Drilling Operations AG Hill 2H Moose 1H Wildhog 1H Prizehog 2H Completion Operations Prizehog 2H New Mexico Flowback Operations AG Hill 1H Texas Antelope…
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…
Recent Drilling Results Exceptional IP/1000 Rates Lilis Well Results Lilis Acreage and Well Location 1 Hippo 1H (Spud: Feb 2017; first production: May 2017) Wolfcamp B Re-Entry 4,105 completed lateral, 20 frac stages, 2,200 lbs/ft…
Lilis Energy: Contiguous Acreage Position with Well Control and Takeaway Capacity Significant Value in Delaware Continued delineation of acreage Geographical Flowing back two wells on our eastern acreage Geological Flowing back…
Investment Highlights Pure play Permian Basin operator Pure Play Permian 19,400 net acres (90% operated) in the Permians Delaware basin Operator with Core Exceptional drilling results Delaware Position Daily production in excess of…
Appendix
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…
Current Fully Diluted Share Count 17
Capitalization Table 18
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 (contd) Mr. Placke is a registered professional engineer with 37 years of direct hands on engineering and management experience in all functions of the George Placke upstream petroleum production industry. Mr.…
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 Ronald D. Ormand billion of financial advisory transactions as both a principal and…
LLEX Board of Directors John Johanning is the Technical Director of Vrdes energy business. Based in Houston, he joined the firm in 2017. Prior to joining Vrde, John Johanning Mr. Johanning was a Vice President at Evercore in Houston,…
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