Corporate Overview Exchange / Symbol: NASDAQ: LLEX Shares Issued / Out: 27.6 MM Market Cap: 84.2 million (price 3/3/2014) Company Headquarters: Denver, CO Proved Reserves: 419 MBOE** Current Net Production: 190 BOEPD Net…
Company Overview Lilis Energy, Inc. (the Company and Lilis) is a Denver-based independent oil and gas exploration and production Company focused exclusively in the Denver-Julesburg (DJ) Basin. Approximately 125,000 gross acres,…
Executive Summary DJ Basin Oil DJ Basin concentration -- focus on oil and liquids rich prospects Leasehold Position Approximately 110,000 net acres in DJ Basin Average working interest 85% Contiguous acreage blocks Large area of…
SE Hartville Leasehold Position 16,250 net acres 2 Key Hz Prospects in Greater Wattenberg Stateline 50,400 net acres 5 Prospect Areas in Northern DJ Basin Pine Bluffs 29,000 net acres Approximately 110,000 net acres with…
Drilling & Development Focus Up to 50 million capital program focused on four projects with net resource potential exceeding 4 million BOE(1) Wattenberg Prospects (North and South): low risk/high return unconventional drilling…
WATTENBERG PROSPECTS North and South Wattenberg prospects in mature development areas with low and controlled risk Hz Niobrara/Codell productive potential Each prospect will yield 7 9 initial gross wells to be drilled in 2014…
Wattenberg Detail Lilis Wattenberg Lilis Acreage Gas Production Oil Production Cheyenne WY NE CO Wattenberg North Horizontal Production Lilis Wattenberg Production (maximum monthly boe) Codell lateral Niobrara…
Wattenberg North Prospect PDC currently drilling 7 Hz wells in adjacent 320 acre unit; completions expected in February 2014 Development in Lilis North Wattenberg Prospect to commence in early 2Q14 Initial development of 3 Hz…
Wattenberg South Prospect Encana currently drilling 7 well Hz program in section immediately to the west Development in Lilis South Wattenberg Prospect to commence in early 2Q14 Initial development of 2 Hz wellsone Niobrara and…
SILO EAST PROSPECT Acquired 1,200 gross, 600 net acres east of Silo field in June 2013 Successfully recompleted existing well in J-1 and J-2 intervals Recompletion de-risks additional offset Silo SiloField Field potential -- up…
Muddy J Structure CI = 10 Anderson 32-2 (J1, J2 recompletion) LA Fee (by- passed J2) Sentry 1-2 (J2 producer) Anderson 34-2 (by- passed J1, J2) EMD Bode 22-11 (Niobrara producer, by-passed J1) Silo East Prospect:…
WILKE PROSPECT Proprietary 3D utilized to predict Wykert Sandstone reservoir distribution in, and north of, Dill field Drilled first Wykert Sandstone well in May 2012. Established additional Wykert potential Wilke Silo Field Silo…
Wykert Extension Locations Conventional Paleozoic Potential Lilis Acreage Wykert Location Paleozoic Producer Paleozoic production Lukassen 44-7 Initial Well Wilke Wykert and Muddy J Paleozoic (Wykert) Production…
Conventional Offset Development Wells Four initial wells; 5+ follow-up Malm Initial resource Muddy J Structure CI = 500 Palm potential exceeding 0.3 Hanson Wilke (J-Sand) mmboe(1) Conventional Offset Development Lilis…
Exploration Potential SE Hartville Uplift High return exploration opportunities with multiple conventional and unconventional pay zones String of Silos String of Silos Prospect - (Niobrara / Codell / Greenhorn unconventional; J-…
Similar Niobrara maturity and reservoir properties to Silo Field Potential for 20+ mmboe net resource potential(1) Needs 3D seismic delineation; seismic also used to delineate J-Sand potential Pence Ranch 5E-17 1H Spud Date: Jun…
Red Shale Structure CI = 500 Large Contiguous Acreage Position Lilis acreage in Active Area of Permian and Samson well: Pennsylvanian Exploration/ Spirit of America 34 2-29 Development. Significant resource potential from 15…
Summary Low risk/high return development program with primary focus in Greater Wattenberg Hz prospects Development program has resource potential of 4.5 mmboe10X increase in reserves Conventional and unconventional multi-pay zone…
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