Corporate Presentation May 2019 NYSE American LLEX
Lilis Energy, Inc. Overview Strategically Positioned in Delaware Basin 1Q19 & Recent Highlights Pure Play Delaware Basin Operator with Highly Contiguous Acreage 1Q19 oil production of 3.5 MBbls/d (+52% YoY), total production of 6.1…
LLEX Investment Highlights Consideration Lilis Initiatives Highly contiguous block of 20,400 acres with 99% operatorship and average 74% working interest in core of Delaware Basin Contiguous Net acre position assembled through…
First Quarter 2019 Review CapEx Breakdown (MM) Average Daily Liquids Production (MBbls/d) 1Q19 Actual Full Yr 2019 CapEx Proj. Flat production from FYE18 speaks to the quality of our existing production base as only one new well came…
2019 Outlook & Guidance Demonstrating Significant Year over Year Production and EBITDAX Growth 2019 guidance generates significant production and associated EBITDAX growth, with a reduced CapEx program compared to 2018 Increased…
Continued Growth of Proved Reserves 1Q19 Reserve Report Summary (SEC Pricing) 1 1Q'19 Total Net Reserves PV-10 (MM) 359.7 Oil Gas NGL Total % of PV10 327.8 Category (Mbbl) (MMcf) (Mbbl) Mboe Total (SEC) PDP: 5,879 28,794 2,256…
Operations Update Upcoming Well Status & Recent Well Results Upcoming Well Status Well Status Target Count Well Name Lateral Length Flowback 1 Oso 1H Wolfcamp A 1 mile lateral Operations WCA 2 NE Axis 2H Wolfcamp A 1 mile lateral 3…
2019 Development Plan Summary Upcoming Well List Upcoming Well Locations Count Well Name Lateral Length 1 Kudu A 2H Wolfcamp B 1 mile lateral 2 Kudu B 2H Wolfcamp B 1 mile lateral 3 Haley 3H Wolfcamp 1 mile lateral 4 Haley…
Recent Technical Developments Highly encouraging production from Tiger 3H (7,634 LL), 6 month cum of 95,000 BO AG Hill 2H (4,550 LL) is an eastern Bone Spring well and currently flowing 400 to 500 Bo/d with flat decline Strong Initial…
Bone Spring Strong Economic Returns Comparable to Wolfcamp 1.5 mile Lateral, Cumulative Oil Production (Mbo)(1) Including New Mexico Locator Map WOLFE 3 200 1.5 Mile BSPG T/C 424953215500 180 Oil Max IP (Bbl/d) 850 Subsea GR RT_MH…
Wolfcamp - Strong, Repeatable Well Results Validate Core Acreage Position WC A&B 1 Mile Lateral - Cumulative Oil Production (Mbo) (1,2) Locator Map 140 120 Cumulative Oil (Mbo) 100 Hippo 1H Hippo 2H 80 Lion 3H Kudu 2H 60…
Type Curve Economics and IRR The Wolfcamp and Bone Spring Provide Attractive Return Economics in Todays Commodity Price Environment Sensitivity tables assume 1.5 mile Wolfcamp and Bone Spring type curves Expected AFE Range 65 Oil / 3…
Offset Operator Activity & Well Performance Lilis and peer operators active in the Eastern Delaware Basin 1 1 Red Bud 25 36 32 115H 7 Ludeman 505H Ameredev 2 mile Wolfcamp Concho 1 mile 2nd Bone Spring IP-24: 4,226 Bbl/d (4,945…
Core Delaware Basin Inventory Breakdown Basin Inventory Number of Locations by Landing Zone 1 18% 28% Bone Spring 211 1,175 54% Wolfcamp 173 153 153 166 319 WCA WCB XY 2nd BSPG 3rd BSPG Other Total Current…
Core Delaware Basin Inventory Breakdown Contd. Lilis East vs West Acreage Designations Inventory Location Breakdown By Area 1 Locations Average Lateral 1,175 1,200 10,000 NM 1,000 17% Panther 1H pilot 9,000 Average Lateral…
Midstream and Marketing Crude Oil Infrastructure Highlights Gas & NGL Infrastructure Highlights Gathering System Gathering System Imminent commissioning of initial system infrastructure connecting Pipeline infrastructure in place…
Fresh Water Supply Infrastructure & Offset Operators Overview Lilis has access to some of the only remaining land in the immediate area with access to quality fresh water zones Estimated Current Capacity 50,000 70,000 bwpd from…
2019 Outlook Executive Summary Current 2019 D&C capital budget ranges increased from 50-60 million to 60-70 million and assumes a one-rig operated program, representing a D&C reduction of 50% compared to 2018 Focused on high IRR oil…
Appendix 21
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 style…
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 WINK Kudu 1H 2H AG Hill 1H Hippo INITIAL RECEIPT POINT…
Summary Financials and Fully Diluted Share Count as of March 31, 2019 Summary Financials Fully Diluted Share Count (MM) 3/31/19 Total Outstanding (Less) Out of the Net In the Money Cash & Cash Equivalents 11.2 3/31/19 Money Dilutives…
Current Hedging Schedule Jan - Jun 2019 Jul - Dec 2019 2020 2021 WTI Oil Hedges Current Swap Volume (Bbl) - - 278,446 - Average Daily Swap Volume (Bbl/d) - - 761 - Average Price - - 56.21 - Current Collar Volume Long Put (Bbl) 437,000…
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 George Placke the 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 billion of financial advisory transactions as both a principal and banker. Mr.…
LLEX Board of Directors (contd) John Johanning is the Technical Director of Vrdes energy business. Based in Houston, he joined the firm in 2017. Prior to joining Vrde, Mr. Johanning was a Vice President at Evercore in Houston, where he…
Wobbe Ploegsma VP of Capital Markets & Investor Relations irlilisenergy.com 210.999.5400 NYSE American LLEX
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