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December 2018 Corporate Presentation – Lilis Energy Inc.

Lilis Energy Inc. · Dec 10, 2018 · 27 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. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 1
    Corporate Presentation December 2018 NYSE American LLEX
  2. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 2
    Lilis Energy Overview Delaware Basin Position Year-to-Date 2018 Highlights Pure Play Delaware Basin Operator with Highly Contiguous Acreage Net production increased 234% YoY & 16% QoQ to: 5,588 Boe/d Lea Reaffirming production exit…
  3. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 3
    Operations Upcoming Well Status and Recent Well Results Upcoming Well Status Well Status Target Count Well Name Lateral Length Flowback Bone Spring 1 Tiger 3H 3rd Bone Spring 1 mile lateral Operations WCA 2 East Axis 2H Wolfcamp A 1…
  4. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 4
    Consistent Reserve Growth throughout 2018 3Q18 Reserve Report Summary (SEC Pricing) Total Proved Reserves Increased: 308% YoY and 24% QoQ Total Proved Reserves PDP Reserves Increased: 321% YoY and 7% QoQ (PV-10, in thousands) PV-10…
  5. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 5
    Strong, Repeatable Results Validate Core Acreage Position 1 mile Lateral - Cumulative Oil Production (Mbo) (1,2,3,4) Locator Map 140 120 100 80 Hippo 1H Hippo 2H Lion 3H 60 Kudu 2H Grizzly 2H Tiger 1H Wild Hog 1H 40 Prize…
  6. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 6
    Ongoing Long Lateral Development 1.5 mile Lateral, Cumulative Oil Production (Mbo) Wolfcamp Type Log 200 180 160 140 Axis 1H Bison 1H 120 100 80 60 40 20 0 0 50 100 150 200 250 300 350 400 Days Commentary Locator Map,…
  7. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 7
    Wolfcamp Type Curve And Economics Cumulative 2-Stream BOE WC 1.5-mile Type Curve Wolfcamp Type Curve Data by Lateral Length 350,000 Lateral Length 1.5 Mile 2.0 Mile (projected) 300,000 Oil Max IP (Bbl/d) 1,100 1,350 250,000…
  8. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 8
    Core Delaware Basin Inventory Breakdown (1) Lilis East vs West Acreage Designations Inventory Location Breakdown By Area (1) 1,175 Total Locations Locations Average Lateral 198…
  9. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 9
    Infrastructure Well Positioned for 2019 with Lower Costs and Basis Protection Oil Take Away Salt Water Disposal FT with Gulf Coast Pricing Existing Cost Basis Existing Cost Basis Existing Cost Basis 5.15 / Bbl - Oil Trucking 2.00 -…
  10. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 10
    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 2H Kudu 1H Beckham SWD 1 Kudu 1H 2H AG Hill 1H Hippo INITIAL RECEIPT…
  11. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 11
    Recent Transactions Have Increased Acreage, Operatorship, and WI in our Core Position Acreage Activity Highlights Acreage Map As a result of the recent transactions completed in the second half International of 2018: Cities Net Acres:…
  12. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 12
    Capitalization & Liquidity Pro Forma RBL and Partial 2L Refinancing Pro Forma Capitalization (1) Overview of Transactions ( in millions) Lilis entered into a 95 million senior secured, first lien Capitalization 9/30/2018 PF Adj. PF…
  13. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 13
    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…
  14. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 14
    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:…
  15. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 15
    Investment Highlights Consideration Lilis Initiatives Existing liquidity and reserve based revolving credit facility will provide sufficient capital to execute our business plan through 2019 Cash Flow and Approximately 68 million in…
  16. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 16
    Appendix
  17. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 17
    Recent Offset Delaware Transaction Summaries Buyer Seller Transaction Date 14-Aug-18 14-Aug-18 08-Aug-18 28-Mar-18 11-Dec-17 01-May-17 19-Nov-16 (1) (1) Transaction Value 9,200mm 215mm 1,245mm 9,500mm 946mm 350mm 430mm TRANSACTION…
  18. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 18
    Lea County, NM - 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…
  19. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 19
    Texas Well Results / Activity Antelope 1H 1 AG Hill 2H 2 Meerkat 1H 3 Howell 1H 4 Noah Brunson B Unit 2H 5 Lilis Lilis Lilis Lilis EOG Target: Bone Spring Target: Bone Spring Target: Wolfcamp XY Target: Wolfcamp XY Target: Wolfcamp…
  20. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 20
    Infrastructure Agreements for Crude and Natural Gas Takeaway in Place Lilis Acreage Crude flow assurance and firm takeaway at Gulf Coast pricing Lea Secured cost-effective movement of Lilis oil production in Texas and New Mexico, to…
  21. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 21
    Current Fully Diluted Share Count Unaudited 9/30/18 PF Exchange LLEX Diluted Share Count Actual Exercised 10/10/18 Pro Forma As % of Fully (1) 9/30/18 under TSM 2L Exchange 9/30/18 Diluted Shares Common Shares Outstanding Shares…
  22. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 22
    Current Hedging Schedule Oct - Dec 2018 Jan - Jun 2019 Jul - Dec 2019 2020 WTI Oil Hedges Current Swap Volume (Bbl/mo) 82,800 - - 278,446 Average Daily Swap Volume (Bbl/d) 900 - - 761 Average Price 57.68 - - 56.21 Current Collar…
  23. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 23
    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…
  24. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 24
    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.…
  25. December 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 Ronald D. Ormand of financial advisory transactions as both a principal and…
  26. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 26
    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,…
  27. December 2018 Corporate Presentation – Lilis Energy Inc. – slide 27
    Wobbe Ploegsma VP of Capital Markets & Investor Relations irlilisenergy.com 210.999.5400 NYSE American LLEX

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