Corporate Presentation September 2018 NYSE American LLEX
Lilis Energy Overview Delaware Basin Position Corporate Overview Pure Play Delaware Basin Operator Lea Core contiguous Delaware Basin asset position Approximately 20,000 net acres currently and approaching 22,000 net acres in the…
Lilis Energy Financial & Operational Highlights Year-end target exit rate of 8,000 Boe/d Centennial / GMT Exploration* Second quarter production of 4,805 Boe/d(1) Concho Resources / RSP Permian* Production increased by 210%…
Infrastructure Agreements for Crude and Natural Gas Takeaway in Place Lilis Acreage Crude flow assurance and firm takeaway at Gulf Coast pricing Secured cost-effective movement of Lilis oil production in Lea Texas and New Mexico, to…
Infrastructure Crude Gathering & Receipt Points Prizehog BWZ Wildhog BWX State Com 1H State Com 1H Grizzly Grizzly 2H 1H Lion 3H Lion Hippo Tiger 1H Kudu 1H 2H Kudu 1H 2H Beckham AG Hill 1H Hippo SWD 1 Wolfe Un 1 1H AG…
Infrastructure Gas Gathering & Transportation System Firm Takeaway and Transportation Gatherer has secured firm takeaway to handle 100% of Lilis gas and NGL production Natural gas pricing at Waha NGL pricing at Mont Belvieu…
Infrastructure Enhancing Shareholder Value Through Cost Optimization Securing crude oil gathering / transportation and water gathering / disposal agreements will provide significant savings over the life of the agreements Pro-forma…
BLM Auction Results Further Support the Valuation Disconnect for Lilis Acreage Lea County New Mexico Auction Results Bureau of Land Management (BLM) Sale - Sept. 5 & 6th 2018 Record lease prices paid over two days of online auction…
Significant Discount to Recent Comparable Transactions Diamondback Energy / Energen Corporation Lilis Acreage Announced Date: 8/14/2018 Transaction Value (MM): 9,200 Net Production (MBoe/d): 90.4 Net Acres: 179,000 Adj. /acre:…
Strategic and Complementary Expansion in the Delaware Basin Acquisition Overview Acreage Map September 2018: Lilis closed an acre-for-acre trade of approximately 750 net acres in the Delaware Basin in Lea County, New Mexico Further…
Operations Recent Well Results Overview and Statistics Location Map The first well drilled by Lilis in the Wolfcamp XY in New Mexico, further validating the Wolfcamp XY in Lilis eastern New Wildhog 2H - WCXY: Mexico acreage Lilis…
Operations Well Status The Companys 2018 development plan continues to focus on the delineation and de-risking of its acreage position. The Company has realized increased cost efficiencies through numerous infrastructural solutions. Well…
Current Operations New Mexico Texas Loving Lea Wildhog 1H Prizehog 2H Drilling NW Axis 1H Oso 1H Winkler New Mexico Drilled Planned Completing Texas Brushy Canyon East Axis 2H Bonespring Tiger 3H Wolfcamp XY…
Delaware Basin Structural Cross Section PRODUCING BENCHES A A Brushy Canyon (lower) Producing Wolfcamp A Wolfcamp B Testing- 2018 Wolfcamp XY 3rd Bone Spring Future Test LBYCN TESTING BENCHES (2018) AVLN Wolfcamp XY 2nd Bone…
Lilis Illustrative Wolfcamp Type Curve Type Curve Wolfcamp Lateral Length 1.5 Mile 2.0 Mile Oil Qi (PHD) 1,100 1,500 Oil Di 96.3 96.3 b factor 1.2 1.2 Dmin 8 8 GOR (SCF/BBL) 3,000 3,000 EUR Oil (MBO) 766 1,051 EUR Gas (MMCF)…
Investment Highlights Pure play Delaware Basin operator Infrastructure solutions in place Pure Play Permian Owned net acreage of approximately 20,000 approaching 22,000 net acres (99% operated) in the Permians Delaware basin Operator…
Recent BLM Auction Results Continued North Western Delaware Basin Eddy Lea New Mexico Loving Texas
Lea County - Recent Well Results / Activity Multiple Offset Benches Targeted Wildhog BWX State Com 1H 1 County Fair 1H 20 Coronado 35 Federal 1H 19 Wheatfield 16 State 701H 18 Coachman Fee Com 4H 17 Lilis OneEnergy Endurance EOG Concho…
Texas Well Results / Activity Antelope 1H 1 Meerkat 1H 2 Howell 1H 3 Noah Brunson B Unit 2H 4 Hughes Talbot 22-15 2H 5 Lilis Lilis Lilis EOG RSP Permian Target: Bone Spring Target: Wolfcamp XY Target: Wolfcamp XY Target: Wolfcamp XY…
Capitalization & Liquidity - Unaudited Pro forma liquidity at 6/30/18 was 44.9 million Liquidity will be bolstered by the following in the third quarter: 17.5 million cash payment from the recently announced water gathering and…
Current Fully Diluted Share Count LLEX Diluted Share Count: Treasury Stock Method Options Actual Exercised Shares Exercised Pro Forma As % of Fully 6/30/18 under TSM under TSM 6/30/18 Diluted Shares Shares Outstanding Shares…
Current Hedging Schedule WTI Oil Hedges Sept - Dec 2018 Jan - Jun 2019 Jul - Dec 2019 Current Swap Volume (Bbl) 109,800 - - Average Daily Swap Volume (Bbl/d) 900 - - Average Price 57.68 - - Current Collar Volume Long Put (Bbl)…
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,…
Wobbe Ploegsma VP of Capital Markets & Investor Relations irlilisenergy.com 210.999.5400 NYSE American LLEX
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