Corporate Overview Exchange / Symbol: NASDAQ: LLEX Common Shares Issued / Out: 27.6 MM Market Cap: 64.58 million (6-16-2014) Company Headquarters: Denver, CO Greater Wattenberg Resource Potential: 8.02 MMboe gross / 3.26 MMboe net…
Executive Summary Lilis Energy, Inc. is a Denver-based independent oil and gas exploration and production company focused exclusively in the Denver-Julesburg (DJ) Basin Key 2014 Executive-level changes: CEO, President & COO, CFO, and…
SE Hartville DJ Basin 16,250 net acres Leasehold Position Stateline Greater Wattenberg 49,110 net acres Bruegman (N. Wattenberg, OBO) Sawyer (S. Wattenberg) Pine Bluffs Richter (N. Wattenberg, OBO) 29,000 net acres SLW State &…
Northern DJ Basin Fields & Hz Activity Larimer County, CO and Laramie & Goshen Counties, WY Lilis Stateline Prospect 70W 65W 60W Lilis Pine Bluffs Prospect Silo Field EOGs and Fairway Jubilee Prospect Barrett and…
Southern DJ Basin Fields & Hz Activity Weld County, CO 68W 64W 60W 9N PDC Richter Well Lilis Bruegman Prospect Wattenberg Extension Area 5N Noble State and Vince State Wells Wattenberg Field 1N Lilis Sawyer…
2014-15 Greater Wattenberg Drilling Program 18-well horizontal Niobrara/Codell program; 3 drilled through May, 2014 and to be completed Q3(1)(2) N. Wattenberg/Bruegman and S.Wattenberg/Sawyer drill wells in established development…
N. Wattenberg Bruegman Area Weld County, CO PDC drilled and completed 7 Hz wells in easterly offset Richter Prospect Lilis participated for 25% WI in one borderline Hz well in closest proximity to Bruegman; well on production…
N. Wattenberg Bruegman Hz Activity Weld County, CO Bruegman Prospect Activity Legend: Lilis Acreage Hz Wells by Operator 76 Great Western Oil & Gas Noble 49) PDC (Petroleum Development Corp) Noble Furrow State Hz Well:…
S. Wattenberg Sawyer Area Weld County, CO Encana drilled 7 Hz well program in westerly offset Lochbuie section - pending completions Lilis operated drilling planned Q3(2) Sawyer: Initial development of 2 Hz wells 1 Codell and 1…
S. Wattenberg Sawyer Hz Activity Weld County, CO Anadarko Clarke Hz Wells: Niobrara EUR: 443,983 Bbls Encana Stelling Hz Well: Codell EUR: 561,307 Bbls Codell EUR: 675,000 Bbls Weld County Anadarko Marrs Hz Wells: Niobrara…
Additional DJ Basin Drilling Potential Pine Bluffs-Silo East (29,000 net acres): Leasehold prospective for unconventional Niobrara and Codell horizons Stateline (49,110 net acres): Large contiguous acreage with current conventional…
Lilis Prospect Areas - Northern DJ Hz Activity NE Colorado, SE Wyoming & Western Nebraska WY Red Cloud:15,600 acres NE Stateline:49,110 acres Silo Field Pine Bluffs:29,000 acres EOGs and Fairway Wilke/Vrtatko:11,500…
Strengths and Future Value Drivers Low risk-high potential return development program 18-well Greater Wattenberg field horizontal drilling and development program, in progress in northern Wattenberg area (2) 2014-15 potential for 3X…
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