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3Q 2019 Earnings Presentation – Lilis Energy Inc.

Lilis Energy Inc. · Nov 7, 2019 · 15 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. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 1
    3rd Quarter 2019 Earnings Presentation NYSE American LLEX Joseph Daches, President and CFO
  2. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 2
    LLEX Third Quarter 2019 Highlights & Achievements Significantly reduced cycle times by decreasing average drilling days for longer-lateral wells from approximately 45 to 17 days (spud to total depth) Saved over 4.3MM on the Grizzly A…
  3. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 3
    2019 Outlook & Guidance Financial Overview During the quarter the Company voluntarily shut-in additional wells, outside of the four previously shut-in wells (to remain in flaring compliance), related to upgrading surface facilities for…
  4. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 4
    Third Quarter 2019 Review D&C CapEx Breakdown (MM) Average Daily Liquids Production (MBbls/d) Full Yr 2019 CapEx Proj. 3Q'19 Actual Oil NGL 60MM 70MM 13.9MM 75% 73% 72% Liquids 72% Liquids Liquids 4.6 Liquids 4.4 4.3 4Q19 72%…
  5. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 5
    Operations Update 6
  6. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 6
    Operations Update Reduced cycle times by decreasing average drilling days for longer-lateral wells from approximately 45 to 17 days (spud to total depth) Reduced drilling days and costs associated with the Grizzly A 2H and Grizzly B…
  7. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 7
    Operations Update Upcoming Well Status & Recent Well Results Upcoming Well Status Well Status Target Count Well Name Lateral Length Flowback 1 Grizzly A 2H Wolfcamp B 1.9 mile Operations WCB Drilled Awaiting 2 Grizzly B 2H…
  8. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 8
    Drilling Update The Companys drilling days have been reduced by over half and the Company has realized significant cost savings. This has been accomplished primarily by incorporating a higher quality rig, oil-based mud system and better…
  9. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 9
    Third Quarter 2019 Transactions Overview ORRI & Working Interest Transaction Overriding Royalty Interest Sale (ORRI): Lea Sold 1,446 net royalty acres, effectively carving position wide 8/8th NRI to 75% Modest impact to Proved…
  10. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 10
    Appendix 11
  11. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 11
    3Q19 Proved Reserves 3Q19 Reserve Report Summary (SEC Pricing) 1 Q3 2019 Proved Reserves (SEC Pricing 57.77/BBL Oil & 2.834/Mcf Gas) PV-10 (MM) 359.7 Oil Gas NGL Total Undisc. CF PV10 327.8 337.3 Category MBbl MMcf MBbl MBOE M M…
  12. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 12
    Current Hedging Schedule(1) as of November 2019 Oct-19 Nov-19 Dec-19 2020 2021 WTI Oil Hedges Current Swap Volume (Bbl) 8,726 5,050 2,139 376,153 135,068 Average Daily Swap Volume (Bbl/d) 281 168 69 1,028 370 Average Price 58.80 58.80…
  13. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 13
    Consolidated Statements of Operations For Three Months Ended September 30, 2019 2018 ( in thousands, except share and per share data) Oil and gas revenue 11,597 19,482 Operating expenses: Production costs 4,243 3,184 Gathering,…
  14. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 14
    Non-GAAP Adjusted EBITDAX Reconciliation (Unaudited) The following table provides a reconciliation of Net Income to the non-GAAP Adjusted EBITDAX for the three months ended September 30, 2018 and 2019 (please see the Disclaimer on slide…
  15. 3Q 2019 Earnings Presentation – Lilis Energy Inc. – slide 15
    Wobbe Ploegsma VP of Capital Markets & Investor Relations irlilisenergy.com 210.999.5400 NYSE American LLEX

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