Lilis Energy Inc. (LLEX) 2.72 $LLEX
Lilis Energy's Board of Directors Announces New Executive Management Appointments
GlobeNewswire - Fri Apr 25, 9:42AM CDT
The Board of Directors of Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg Field and surrounding areas of the Denver-Julesburg (DJ) Basin, announced that it has appointed Nuno Brandolini to the position of Chairman of the Board and Robert (Bob) A. Bell to the position of President and Chief Operating Officer. Abraham (Avi) Mirman advanced from President to Chief Executive Officer, and A. Bradley Gabbard will continue in his current role as the Company's Chief Financial Officer. W. Phillip Marcum, who served as Chairman and CEO starting in November of 2012, has voluntarily resigned to pursue other interests.
Lilis Energy Receives NASDAQ Notice Regarding Listing Requirements
GlobeNewswire - Mon Apr 21, 3:15PM CDT
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg Field and surrounding areas of the Denver-Julesburg (DJ) Basin, received a letter on April 17, 2017 from the Nasdaq Stock Market LLC ("Nasdaq"
notifying Lilis Energy that it was no longer in compliance with Nasdaq Rule 5250(c)(1) related to the filing of periodic financial reports with the Securities and Exchange Commission. The issuance of the letter is based upon Lilis Energy not filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (the "2013 Form 10-K" on or before the extended due date of April 15, 2014. This press release is being issued in accordance with NASDAQ Listing Rule 5810(b).
Lilis Energy Provides Update on the Status of Its Wattenberg Horizontal Drilling Program
GlobeNewswire - Wed Apr 02, 5:00AM CDT
-- 3 Horizontal Wells to Drill in April: Lang Prospect - 2 Niobrara, 1 Codell
Shoreline Energy Corp. Announces Termination of Merger and Review of Strategic Alternatives to Maximize Shareholder Value
Marketwire - Tue Apr 01, 7:10AM CDT
Shoreline Energy Corp. (TSX: SEQ) ("Shoreline" or the "Company" announces today that the merger transaction with Lilis Energy Inc. ("Lilis" has been terminated by both parties.
Lilis Energy Terminates Letter of Intent to Acquire Shoreline Energy
GlobeNewswire - Mon Mar 31, 3:37PM CDT
Lilis Energy, Inc. (Nasdaq:LLEX), announced today that it has terminated the previously announced Letter of Intent to acquire all of the issued and outstanding common shares of Calgary-based Shoreline Energy Corp. (Toronto Stock Exchange: SEQ).
Nuno Brandolini and Robert Bell Join Lilis Energy's Board of Directors
GlobeNewswire - Thu Feb 13, 1:15PM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today the appointment of Nuno Brandolini and Robert Bell to the Company's Board of Directors. Their appointments bring the current Lilis Energy Board to seven members, five of whom are independent outside directors.
Lilis Energy to Acquire Shoreline Energy
GlobeNewswire - Thu Feb 06, 5:00AM CST
Lilis Energy, Inc. (Nasdaq:LLEX) announced today that it has entered into a letter of intent (LOI) to acquire all of the issued and outstanding common shares of Calgary-based Shoreline Energy Corp. (Toronto Stock Exchange: SEQ). The Boards of Directors of Lilis Energy and Shoreline Energy, subject to completion of due diligence, as well as negotiation and execution of a definitive agreement in respect of the transaction, have unanimously approved entering into the LOI.
Lilis Energy Reaches Agreement to Convert $15.6 Million of Outstanding Debentures to Equity
GlobeNewswire - Mon Feb 03, 5:13AM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today that it has reached agreement with all of the holders of its outstanding series of Convertible Debentures ("debentures" to convert up to all of the debentures to shares of the Company's common stock. The terms of the agreement call for an immediate conversion of $9 million of the approximately $15.6 million in outstanding debentures; the balance of $6.6 million may, at the option of the holders, be converted upon receipt of shareholder approval of that conversion. The holders of any remaining debentures may elect to convert all or any portion of the remaining debentures outstanding within three business days of shareholder approval.
Lilis Energy Closes $7.5 Million Private Placement of Equity
GlobeNewswire - Wed Jan 22, 7:45AM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today that it has closed on a $7.5 million financing in the form of a private placement of restricted units, with each unit consisting of one share of its common stock and one common stock purchase warrant (the "Offering". The Company sold 3,750,000 units at a price of $2.00 per unit. Each warrant has an exercise price of $2.50 per share and is exercisable beginning six months from the issuance date, for a period of three years. The units have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Lilis Energy's Board of Directors Announces New Executive Management Appointments
GlobeNewswire - Fri Apr 25, 9:42AM CDT
The Board of Directors of Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg Field and surrounding areas of the Denver-Julesburg (DJ) Basin, announced that it has appointed Nuno Brandolini to the position of Chairman of the Board and Robert (Bob) A. Bell to the position of President and Chief Operating Officer. Abraham (Avi) Mirman advanced from President to Chief Executive Officer, and A. Bradley Gabbard will continue in his current role as the Company's Chief Financial Officer. W. Phillip Marcum, who served as Chairman and CEO starting in November of 2012, has voluntarily resigned to pursue other interests.
Lilis Energy Receives NASDAQ Notice Regarding Listing Requirements
GlobeNewswire - Mon Apr 21, 3:15PM CDT
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg Field and surrounding areas of the Denver-Julesburg (DJ) Basin, received a letter on April 17, 2017 from the Nasdaq Stock Market LLC ("Nasdaq"
notifying Lilis Energy that it was no longer in compliance with Nasdaq Rule 5250(c)(1) related to the filing of periodic financial reports with the Securities and Exchange Commission. The issuance of the letter is based upon Lilis Energy not filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (the "2013 Form 10-K" on or before the extended due date of April 15, 2014. This press release is being issued in accordance with NASDAQ Listing Rule 5810(b). Lilis Energy Provides Update on the Status of Its Wattenberg Horizontal Drilling Program
GlobeNewswire - Wed Apr 02, 5:00AM CDT
-- 3 Horizontal Wells to Drill in April: Lang Prospect - 2 Niobrara, 1 Codell
Shoreline Energy Corp. Announces Termination of Merger and Review of Strategic Alternatives to Maximize Shareholder Value
Marketwire - Tue Apr 01, 7:10AM CDT
Shoreline Energy Corp. (TSX: SEQ) ("Shoreline" or the "Company"
announces today that the merger transaction with Lilis Energy Inc. ("Lilis" has been terminated by both parties. Lilis Energy Terminates Letter of Intent to Acquire Shoreline Energy
GlobeNewswire - Mon Mar 31, 3:37PM CDT
Lilis Energy, Inc. (Nasdaq:LLEX), announced today that it has terminated the previously announced Letter of Intent to acquire all of the issued and outstanding common shares of Calgary-based Shoreline Energy Corp. (Toronto Stock Exchange: SEQ).
Nuno Brandolini and Robert Bell Join Lilis Energy's Board of Directors
GlobeNewswire - Thu Feb 13, 1:15PM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today the appointment of Nuno Brandolini and Robert Bell to the Company's Board of Directors. Their appointments bring the current Lilis Energy Board to seven members, five of whom are independent outside directors.
Lilis Energy to Acquire Shoreline Energy
GlobeNewswire - Thu Feb 06, 5:00AM CST
Lilis Energy, Inc. (Nasdaq:LLEX) announced today that it has entered into a letter of intent (LOI) to acquire all of the issued and outstanding common shares of Calgary-based Shoreline Energy Corp. (Toronto Stock Exchange: SEQ). The Boards of Directors of Lilis Energy and Shoreline Energy, subject to completion of due diligence, as well as negotiation and execution of a definitive agreement in respect of the transaction, have unanimously approved entering into the LOI.
Lilis Energy Reaches Agreement to Convert $15.6 Million of Outstanding Debentures to Equity
GlobeNewswire - Mon Feb 03, 5:13AM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today that it has reached agreement with all of the holders of its outstanding series of Convertible Debentures ("debentures"
to convert up to all of the debentures to shares of the Company's common stock. The terms of the agreement call for an immediate conversion of $9 million of the approximately $15.6 million in outstanding debentures; the balance of $6.6 million may, at the option of the holders, be converted upon receipt of shareholder approval of that conversion. The holders of any remaining debentures may elect to convert all or any portion of the remaining debentures outstanding within three business days of shareholder approval. Lilis Energy Closes $7.5 Million Private Placement of Equity
GlobeNewswire - Wed Jan 22, 7:45AM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today that it has closed on a $7.5 million financing in the form of a private placement of restricted units, with each unit consisting of one share of its common stock and one common stock purchase warrant (the "Offering"
. The Company sold 3,750,000 units at a price of $2.00 per unit. Each warrant has an exercise price of $2.50 per share and is exercisable beginning six months from the issuance date, for a period of three years. The units have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration. 
