Lilis Energy Announces Strategic Transaction for the Exchange of Acreage in the New Mexico Delaware Basin

Lilis Energy Announces Strategic Transaction in the Texas Delaware Basin Through Exchange of Acreage

Exchanges approximately 750 net acres on an acre-for-acre basis in core New Mexico Delaware acreage
Increases Working Interest and Net Revenue Interest to 100% in core sections including those containing  production from the Wildhog and Prizehog wells
Concentrates acreage in core operational area and eliminates CAPEX exposure in traded non-operated sections
Immediate increase in production and PDP and Proved Reserves at closing

HOUSTON, Aug. 02, 2018 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American:LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has entered into an acre-for-acre…

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