Lilis Energy Inc (LLEX) 0.0950 $LLEX
Lilis Energy Appoints Ronald D. Ormand Chairman of the Board and Oil & Gas Veteran, R. Glenn Dawson, Joins Lilis's Board as a Director
GlobeNewswire - Thu Jan 14, 7:00AM CST
Lilis Energy (NASDAQ:LLEX), a domestic oil and gas exploration and production company focused in the Denver-Julesburg (DJ) Basin, 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 non-independent Director, is resigning from his position on the Company's Board of Directors.
Lilis Energy to Merge With Brushy Resources
GlobeNewswire - Wed Dec 30, 9:17AM CST
Lilis Energy, Inc. (NASDAQ:LLEX) announced today that it has signed a definitive agreement to merge with Brushy Resources, Inc. (Brushy) (a reporting but non-publicly traded company), a San Antonio-based oil and gas company with primary operations in the Permian Basin in West Texas. The total consideration paid in the transaction is comprised of the issuance of Lilis shares of common stock representing approximately 50% of the post-closing, common stock outstanding, and assuming and refinancing $13.55 million in debt (see Recapitalization Plan below). In addition, at the closing, Brushy will divest certain of its assets in South Texas to its subordinated lender in exchange for the extinguishment of $20.50 million in subordinated debt, payment of $500,000 in cash, and the issuance of a $1 million subordinated note.
Lilis Energy to Upsize Acquisition of Core Wattenberg Acreage and Production
GlobeNewswire - Wed Jun 10, 7:30AM CDT
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 targeting the Niobrara and Codell formations. The additional acreage includes 11 authorization for expenditures ("AFE" in place with an average working interest of 4.48% and a total drilling commitment of $3.2 million. The other terms of the agreement remain the same: Lilis will acquire non-operated leasehold working interests including interests in 53 producing wells and a 640 net acre block ("Original Acquisition Acreage" of undeveloped leasehold for a purchase price of $5.5 million. To accommodate the updated terms, the closing of the acquisition has been extended and is anticipated to occur on or prior to June 19, 2015, subject to final due diligence and satisfaction of customary closing conditions.
Lilis Energy Signs Agreement to Acquire Core Wattenberg Acreage and Production for $5.5 Million
GlobeNewswire - Tue May 05, 7:30AM CDT
Lilis Energy, Inc. (Nasdaq:LLEX) ("Lilis" or "the Company" announced today that it has entered into an agreement with a private party seller to acquire certain non-operated leasehold working interests including interests in 53 producing wells and a 640 gross (499 net) acre block of undeveloped leasehold for a purchase price of $5.5 million. All of the assets are located in the core area of the Wattenberg Field in Weld County, Colorado. If the transaction is consummated, the Company's acquisition would add, as of an agreed upon March 1, 2015 effective date, a pre-tax present value of estimated future net revenues discounted at 10% (PV 10%) of approximately $3.7 million of proved developed producing reserves ("PDP" and approximately $32.4 million total proved reserves, calculated using strip prices as of April 30, 2015. Following the closing, it is anticipated that the Company would pay an aggregate of approximately $1.6 million for its proportionate share of the ongoing cost of additional wells that are currently in varying stages of drilling and completion pursuant to outstanding authorizations for expenditure. The closing of the acquisition is anticipated to occur prior to June 1, 2015 subject to final due diligence and satisfaction of customary closing conditions. The purchase price is subject to pre and post-closing adjustments.
Lilis Energy Names Kevin Nanke Chief Financial Officer
GlobeNewswire - Mon Mar 09, 8:00AM CDT
Lilis Energy (Nasdaq:LLEX) announced today that Kevin Nanke has joined the company as its Executive Vice President and Chief Financial Officer. Mr. Nanke has served in diverse finance and accounting executive positions in the oil and gas industry for more than 25 years. Eric Ulwelling, who served as Lilis Energy's CFO since October 2014, has resumed his position as Principal Accounting Officer and Controller, a post he has held since joining the Company in 2012.
Nasdaq stocks posting largest volume increases
AP - Tue Jan 13, 5:15PM CST
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
ELOS: 7.18 (-0.06), INTG: 25.72 (-0.73), AGEN: 3.95 (-0.24), TRNS: 10.38 (unch), TFSC: 9.98 (+0.03), NLST: 1.11 (unch), MWIV: 190.00 (+0.10), NPSP: 45.97 (+0.01), NVC.TO: 0.52 (-0.01), NVCN: 0.42 (-0.01), TSRI: 4.13 (+0.03), HLSS: 0.67 (-16.51)
Lilis Energy Secures Credit Facility With Heartland Bank for Up to $50 Million
GlobeNewswire - Tue Jan 13, 5:13AM CST
Lilis Energy (Nasdaq:LLEX), a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (DJ Basin), today announced that it has secured a credit facility with Heartland Bank in Little Rock, Arkansas as administrative agent for up to $50 million.
Quarterly Reports: Featured Research on Icahn Enterprises, Ideal Power, Isramco, Ivanhoe Energy and Lilis Energy
PR Newswire - Wed Jan 07, 7:00AM CST
Moments ago, Analysts Review released new research updates concerning several important developing situations including Icahn Enterprises (NASDAQ: IEP), Ideal Power (NASDAQ: IPWR), Isramco (NASDAQ: ISRL), Ivanhoe Energy (NASDAQ: IVAN), and Lilis Energy (NASDAQ: LLEX). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
ISRL: 93.00 (-1.07), IPWR: 4.74 (+0.01), IEP: 54.79 (-2.30), IVAN: 0.29 (unch)
Lilis Energy Appoints G. Tyler Runnels to Its Board of Directors, and Engages Marcum LLP as Its New Auditor
GlobeNewswire - Mon Dec 01, 8:00AM 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, announces the appointment of G. Tyler Runnels to its Board of Directors, and the engagement of Marcum LLP as its new auditor. Marcum LLP is nationally ranked #15 overall, and in the top 10 SEC Audit Practices nationally. Marcum LLP is replacing Hein & Associates, LLP as the Company's auditor. There are no disagreements between the Company and Hein on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
Lilis Energy Receives NASDAQ Notice Regarding Listing Requirements
GlobeNewswire - Tue Nov 25, 3:11PM 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, received a letter on November 19, 2014 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 Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2014 (the "Q3 Form 10-Q" on or before November 14, 2014. This press release is being issued in accordance with Nasdaq Listing Rule 5810(b).
Lilis Energy Appoints Ronald D. Ormand Chairman of the Board and Oil & Gas Veteran, R. Glenn Dawson, Joins Lilis's Board as a Director
GlobeNewswire - Thu Jan 14, 7:00AM CST
Lilis Energy (NASDAQ:LLEX), a domestic oil and gas exploration and production company focused in the Denver-Julesburg (DJ) Basin, 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 non-independent Director, is resigning from his position on the Company's Board of Directors.
Lilis Energy to Merge With Brushy Resources
GlobeNewswire - Wed Dec 30, 9:17AM CST
Lilis Energy, Inc. (NASDAQ:LLEX) announced today that it has signed a definitive agreement to merge with Brushy Resources, Inc. (Brushy) (a reporting but non-publicly traded company), a San Antonio-based oil and gas company with primary operations in the Permian Basin in West Texas. The total consideration paid in the transaction is comprised of the issuance of Lilis shares of common stock representing approximately 50% of the post-closing, common stock outstanding, and assuming and refinancing $13.55 million in debt (see Recapitalization Plan below). In addition, at the closing, Brushy will divest certain of its assets in South Texas to its subordinated lender in exchange for the extinguishment of $20.50 million in subordinated debt, payment of $500,000 in cash, and the issuance of a $1 million subordinated note.
Lilis Energy to Upsize Acquisition of Core Wattenberg Acreage and Production
GlobeNewswire - Wed Jun 10, 7:30AM CDT
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 targeting the Niobrara and Codell formations. The additional acreage includes 11 authorization for expenditures ("AFE" in place with an average working interest of 4.48% and a total drilling commitment of $3.2 million. The other terms of the agreement remain the same: Lilis will acquire non-operated leasehold working interests including interests in 53 producing wells and a 640 net acre block ("Original Acquisition Acreage" of undeveloped leasehold for a purchase price of $5.5 million. To accommodate the updated terms, the closing of the acquisition has been extended and is anticipated to occur on or prior to June 19, 2015, subject to final due diligence and satisfaction of customary closing conditions. Lilis Energy Signs Agreement to Acquire Core Wattenberg Acreage and Production for $5.5 Million
GlobeNewswire - Tue May 05, 7:30AM CDT
Lilis Energy, Inc. (Nasdaq:LLEX) ("Lilis" or "the Company"
announced today that it has entered into an agreement with a private party seller to acquire certain non-operated leasehold working interests including interests in 53 producing wells and a 640 gross (499 net) acre block of undeveloped leasehold for a purchase price of $5.5 million. All of the assets are located in the core area of the Wattenberg Field in Weld County, Colorado. If the transaction is consummated, the Company's acquisition would add, as of an agreed upon March 1, 2015 effective date, a pre-tax present value of estimated future net revenues discounted at 10% (PV 10%) of approximately $3.7 million of proved developed producing reserves ("PDP" and approximately $32.4 million total proved reserves, calculated using strip prices as of April 30, 2015. Following the closing, it is anticipated that the Company would pay an aggregate of approximately $1.6 million for its proportionate share of the ongoing cost of additional wells that are currently in varying stages of drilling and completion pursuant to outstanding authorizations for expenditure. The closing of the acquisition is anticipated to occur prior to June 1, 2015 subject to final due diligence and satisfaction of customary closing conditions. The purchase price is subject to pre and post-closing adjustments. Lilis Energy Names Kevin Nanke Chief Financial Officer
GlobeNewswire - Mon Mar 09, 8:00AM CDT
Lilis Energy (Nasdaq:LLEX) announced today that Kevin Nanke has joined the company as its Executive Vice President and Chief Financial Officer. Mr. Nanke has served in diverse finance and accounting executive positions in the oil and gas industry for more than 25 years. Eric Ulwelling, who served as Lilis Energy's CFO since October 2014, has resumed his position as Principal Accounting Officer and Controller, a post he has held since joining the Company in 2012.
Nasdaq stocks posting largest volume increases
AP - Tue Jan 13, 5:15PM CST
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
ELOS: 7.18 (-0.06), INTG: 25.72 (-0.73), AGEN: 3.95 (-0.24), TRNS: 10.38 (unch), TFSC: 9.98 (+0.03), NLST: 1.11 (unch), MWIV: 190.00 (+0.10), NPSP: 45.97 (+0.01), NVC.TO: 0.52 (-0.01), NVCN: 0.42 (-0.01), TSRI: 4.13 (+0.03), HLSS: 0.67 (-16.51)
Lilis Energy Secures Credit Facility With Heartland Bank for Up to $50 Million
GlobeNewswire - Tue Jan 13, 5:13AM CST
Lilis Energy (Nasdaq:LLEX), a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (DJ Basin), today announced that it has secured a credit facility with Heartland Bank in Little Rock, Arkansas as administrative agent for up to $50 million.
Quarterly Reports: Featured Research on Icahn Enterprises, Ideal Power, Isramco, Ivanhoe Energy and Lilis Energy
PR Newswire - Wed Jan 07, 7:00AM CST
Moments ago, Analysts Review released new research updates concerning several important developing situations including Icahn Enterprises (NASDAQ: IEP), Ideal Power (NASDAQ: IPWR), Isramco (NASDAQ: ISRL), Ivanhoe Energy (NASDAQ: IVAN), and Lilis Energy (NASDAQ: LLEX). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
ISRL: 93.00 (-1.07), IPWR: 4.74 (+0.01), IEP: 54.79 (-2.30), IVAN: 0.29 (unch)
Lilis Energy Appoints G. Tyler Runnels to Its Board of Directors, and Engages Marcum LLP as Its New Auditor
GlobeNewswire - Mon Dec 01, 8:00AM 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, announces the appointment of G. Tyler Runnels to its Board of Directors, and the engagement of Marcum LLP as its new auditor. Marcum LLP is nationally ranked #15 overall, and in the top 10 SEC Audit Practices nationally. Marcum LLP is replacing Hein & Associates, LLP as the Company's auditor. There are no disagreements between the Company and Hein on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
Lilis Energy Receives NASDAQ Notice Regarding Listing Requirements
GlobeNewswire - Tue Nov 25, 3:11PM 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, received a letter on November 19, 2014 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 Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2014 (the "Q3 Form 10-Q" on or before November 14, 2014. This press release is being issued in accordance with Nasdaq Listing Rule 5810(b). 
