Lilis Energy Inc.

DENVER, Sept. 29, 2016 /PRNewswire/ -- Lilis Energy Inc. (OTCQB: LLEX) today announced its entry into a debt facility with institutional and qualified purchasers whereby it may borrow up to $50 million. The debt facility provides for a three year term loan that bears interest at a fixed rate of 6.0% subject to certain conditions.  The lenders under the debt facility have initially committed to funding $31 million, of [...]

DENVER, Sept. 21, 2016 /PRNewswire/ -- Lilis Energy Inc. (OTCQB: LLEX) today announced plans to spud its first two Wolfcamp horizontal wells in the Delaware Basin. Both wells will be Re-Entry horizontal completions, which utilize existing vertical wellbores by "cutting a window" and provide the Company with significant cost savings. The Company's first well, the Bison #1H, is expected to be a 6,000 foot lateral and is [...]

DENVER, Sept. 20, 2016 /PRNewswire/ -- Lilis Energy Inc. (OTCQB: LLEX) today announced that Ron Ormand, Executive Chairman of Lilis Energy, will present the Company's business model and growth initiatives at the Johnson Rice & Company 2016 Energy Conference on September 21 -22, 2016, in one-on-one meetings, taking place at the Ritz-Carlton, New Orleans, Louisiana. For more information on the conference and to schedule a [...]

DENVER, Aug. 12, 2016 /PRNewswire/ -- Lilis Energy Inc. (OTCQB: LLEX) announced today that Avi Mirman, CEO and Director, will be a featured presenter at at EnerCom's The Oil & Gas Conference® 21 on Tuesday, August 16, 2016 at 2:20pm MDT, at the Westin Denver Downtown Hotel. Mr. Mirman will provide an overview of the company's operations, recent developments and growth strategy and will be available for one-on-one [...]

Retains CorProminence LLC as its Investor Relations Firm Of Record DENVER, Aug. 11, 2016 /PRNewswire/ -- Lilis Energy Inc. (OTCQB: LLEX) today announced the appointment of Joe Pawelek as Vice President of Corporate Finance and Investor Relations. The Company also announced it has engaged CorProminence LLC as its investor relations firm of record. Mr. Pawelek brings to his role at Lilis Energy exemplary experience across [...]

Lilis Energy today announced that in conjunction with the closing of its merger with Brushy Resources, Inc. it has effected a 1 for 10 reverse stock split of the Company’s common stock and that it has applied for relisting on the Nasdaq Capital Market. The reverse stock split was effective June 23, 2016 and Lilis’s common stock commenced trading at the open of business today on a split-adjusted basis on the [...]

Expands Company’s Footprint to Permian’s Delaware Basin With Acquisition of 3,458 Core Net Acres Lilis Executes 1:10 Reverse Stock Split – Files for Nasdaq Relisting DENVER, June 24, 2016 (GLOBE NEWSWIRE) -- Lilis Energy Inc. (OTCQB:LLEX) today announced the closing of its previously announced merger with San Antonio-based Brushy Resources, Inc. (Brushy). In connection with the merger, Lilis completed a [...]

DENVER, June 15, 2016 (GLOBE NEWSWIRE) -- Lilis Energy Inc. (OTCQB:LLEX) (the “Company”), a domestic oil and gas exploration and production company currently focused in the Denver-Julesburg (DJ) Basin, announced today that it has entered into securities purchase agreements with qualified institutional and certain accredited investors for the private placement of 20,000 shares of its Series B 6.0% Convertible [...]

Lilis Energy has announced the appointment of Director Ronald D. Ormand as Chairman of the Board of Directors. Former Chairman Nuno Brandolini, who served in that role since April 2014, will remain as a member of the Board of Directors. In addition, R. Glenn Dawson joins as an independent Director and member of the Audit Committee, and G. Tyler Runnels, one of the Company’s largest shareholders who served as a [...]

DENVER, June 10, 2015 (GLOBE NEWSWIRE) -- Lilis Energy Inc. (Nasdaq:LLEX) ("Lilis" or the "Company") announced today that it has amended its agreement, dated May 5, 2015, with a private party seller and agreed to acquire an additional 375 net acres from previously granted right of first refusal acreage, bringing the total undeveloped acreage being acquired to 1,015 net acres in the core area of the Wattenberg Field [...]