Operations and Technical Update October 23, 2018 NYSE American LLEX Joe Daches, President and CFO
Operations Recent Well Results and Upcoming Well Status Third Quarter 2018 Well Results Location Map Well Name Target Commentary Newly Announced Well Results 4 Lilis first 1.5-mile Wolfcamp A well drilled, strong initial performance…
Long Lateral Development 1.5 mile Lateral, Cumulative Oil Production (Mbo) Wolfcamp Type Log 200 180 160 140 Axis 1H 120 Moose 1H Bison 1H 100 80 60 40 Moose-1H choked back 20 0 0 50 100 150 200 250 300 350 400 Days…
YTD Operating Results 2018 Curtailment Commentary Despite recent shut-ins, Lilis has realized year-to-date production increases of 61%. Production curtailment in the third quarter was primarily due to third party equipment…
Consistent Reserve Report Growth throughout 2018 3Q 2018 Reserve Report Summary (SEC Pricing) Total Proved Reserves Net Reserves (PV-10 M) Oil Gas NGL Total % of 186,949 183,567 Category PV10 (Mbbl) (MMcf) (Mbbl) Mboe Total PDP:…