Lilis Energy Provides Second Quarter 2018 and Year-To-Date Operating Results

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

CURRENT PRODUCTION EXCEEDS 7,300 BOEPD
SUCCESSFULLY COMPLETED SEVEN WELLS AND DELINEATED THREE NEW BENCHES
INFRASTRUCTURE AND TAKEAWAY PLANS SUBSTANTIALLY COMPLETE
FIVE YEAR CRUDE TAKEAWAY EXECUTED WITH GULF COAST PRICING
EXECUTED TWO ACREAGE SWAPS TO ENHANCE ACREAGE POSITION AND OPERATING CONTROL
SUBSTANTIALLY IMPROVED LIQUIDITY AND PROJECTION OF FREE CASH FLOW BY EARLY 2019
INCREASED PROVED RESERVES BY 228% SINCE DECEMBER 31, 2017

Lilis Energy Update



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