Lilis Energy, Inc.: Investor & Advisor

US$174,000,000

In late 2015, Lilis Energy, Inc. (NYSE: LLEX) announced a transformative merger with Brushy Resources, Inc. The Company closed this transaction in early 2016 concurrent with a substantial restructuring and recapitalization. As part of the restructuring, Lilis completed a US$20 million private placement of 6% Convertible Preferred Stock in addition to entering into a US$50 million, 3-year term loan at a fixed rate of 6%.
Today, Lilis is a pure-play, Permian Basin exploration and production company. Its strategy for rapid production and cash flow growth centres on its acreage position in Loving and Winkler Counties (Texas) in the prolific Delaware Basin. The basin has garnered considerable industry attention in 2016 due to its multiple stacked reservoirs, which include the Wolf Camp, Bone Springs and Avalon formations. Lilis management has identified over 500 multi-stack locations, with Estimate Ultimate Recovery (EUR) of over 130 million BOEs of resource potential.
KES 7 became an investor through the restructuring and is also an advisor to the Company.

Lilis Energy Secures $140 Million Financing
Press release