As described under Item 7.01 below, on March 5, 2019, Lilis Energy, Inc. (the Company) posted to its website a presentation related to the recapitalization referred to in Item 7.01 below. Among other matters, the presentation provides a summary of the Companys cash and capitalization as of December 31, 2018, on an actual basis and on a pro forma basis giving effect to the recapitalization. A copy of the presentation is furnished as Exhibit 99.2 hereto.

Item 7.01 Regulation FD Disclosure.

On March 5, 2019, the Company issued a press release announcing that it entered into definitive agreements for a recapitalization involving (i) the exchange of the Companys second lien term loan for a combination of preferred and common stock and (ii) an increase in the borrowing base under the Companys revolving credit facility. The press release also announced that the Companys management will host a conference call on Friday, March 8, 2019, at

> 11:00 AM Eastern Time, to review financial results and provide an update on the Companys corporate developments.

Also, on March 5, 2019, the Company posted to its website a presentation related to the recapitalization.

Copies of the press release and the presentation are furnished as Exhibits 99.1 and 99.2 hereto.

The information furnished under Item 2.02 and Item 7.01, including the accompanying Exhibits 99.1 and 99.2, shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liability of such section, nor shall such information be deemed to be incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of the general incorporation language of such filing, except as specifically stated in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

LILIS ENERGY, INC. Exhibit
EX-99.1 2 ex9912ndlientermloanconv.htm EXHIBIT 99.1 ex9912ndlientermloanconv LLEX:NYSE American LILIS ENERGY ANNOUNCES SIGNIFICANT BALANCE SHEET RECAPITALIZATION SIGNIFICANTLY REDUCES LEVERAGE AND IMPROVES LIQUIDITY POSITION INCREASES BORROWING BASE TO $125MM REDUCES FULLY DILUTED SHARE COUNT BY APPROXIMATELY 12MM Management to Review Financial Results,…
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About LILIS ENERGY, INC. (OTCMKTS:LLEX)

Lilis Energy, Inc. is an upstream independent oil and gas company. The Company is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. The Company drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado, and Nebraska. Its total net acreage in the Denver-Julesburg (DJ) Basin is approximately 7,200 acres. The Company’s primary targets within the DJ Basin are the conventional Dakota and Muddy J formations. In addition to its DJ Basin holdings, it focuses on the Permian’s Delaware Basin in Winkler and Loving Counties, Texas and Lea County, New Mexico. The Company’s net acreage in the Delaware Basin is approximately 4,433 net acres. The vertical well produces approximately 690 net million cubic feet (mcf) per day. The well holds the lease to all depths, from surface down to approximately 22,000 feet, including the Wolfcamp, Bone Springs, and Avalon formations.