Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse MKT  >  Lilis Energy Inc    LLEX

LILIS ENERGY INC

(LLEX)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Lilis Energy : Achieves 2018 Target Exit Rate of 8,000 Net Boepd

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 07:34am EDT

(GlobeNewswire) - Lilis Energy, Inc.(NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Company achieved its 2018 year-end exit rate target of 8,000 net Boepd. Lilis averaged 8,081 net Boepd from December 25 through December 31, 2018. The Company experienced continued improvement in third-party natural gas midstream performance as the fourth quarter progressed. The Company estimates it had in excess of 9,000 net Boepd of productive capacity as of December 31, 2018.

Ronald D. Ormand, Chairman and Chief Executive Officer, commented, We were extremely pleased to finish 2018 having successfully achieved one of our top goals for 2018 by meeting our projected exit rate of 8,000 net Boepd. The Company will be diligently managing its financial position and capital deployment during this period of low commodity prices.

Lilis will announce its 2019 capital budget and provide production guidance, as well as an operations update, later in the first quarter.About Lilis Energy, Inc.

Lilis Energy, Inc. is a Houston-based independent oil and gas exploration and production company that operates in the Permians Delaware Basin, considered amongst the leading resource plays in North America. Lilis current total net acreage in the Permian Basin is over 20,000 acres. Lilis Energy`s near-term E&P focus is to grow current reserves and production and pursue strategic acquisitions in its core areas. For more information, please visit www.lilisenergy.com.Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the federal securities laws. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. These risks include, but are not limited to, our ability to replicate the results described in this release for future wells; the ability to finance our continued exploration, drilling operations and working capital needs; all the other uncertainties, costs and risks involved in exploration and development activities; and the other risks identified in the Companys Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The forward-looking statements in this press release are made as of the date hereof, and the Company does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise. Forward-looking statements regarding expected production levels are based upon our estimates of the successful completion of drilled wells on schedule. Actual sales production rates from our wells can vary considerably from tested initial production (IP) rates and are subject to natural decline rates over the life of the well.

Contact:Wobbe PloegsmaV.P. Capital Markets & Investor Relations210-999-5400, ext. 31

(c) 2019 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LILIS ENERGY INC
06/07LILIS ENERGY : Announces Appointment of David M. Wood as Chairman upon Retiremen..
AQ
06/07LILIS ENERGY : Announces Appointment of David M. Wood as Chairman upon Retiremen..
AQ
06/06LILIS ENERGY, INC. : Change in Directors or Principal Officers, Regulation FD Di..
AQ
06/06Lilis Energy Announces Appointment of David M. Wood as Chairman upon Retireme..
GL
05/23LILIS ENERGY, INC. : Submission of Matters to a Vote of Security Holders (form 8..
AQ
05/10LILIS ENERGY, INC. : Results of Operations and Financial Condition, Regulation F..
AQ
05/09Lilis Energy Reports First Quarter 2019 Operating and Financial Results and P..
GL
05/09LILIS ENERGY : Management's Discussion and Analysis of Financial Condition and R..
AQ
04/25LILIS ENERGY, INC. : Results of Operations and Financial Condition, Regulation F..
AQ
04/25LILIS ENERGY : Achieves First Quarter 2019 Production Guidance and Provides Oper..
AQ
More news
Financials ($)
Sales 2019 101 M
EBIT 2019 0,91 M
Net income 2019 -39,3 M
Debt 2019 300 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 3,61x
EV / Sales 2020 2,60x
Capitalization 66,0 M
Chart LILIS ENERGY INC
Duration : Period :
Lilis Energy Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 2,91 $
Spread / Average Target 304%
EPS Revisions
Managers
NameTitle
Ronald Dean Ormand Executive Chairman & Chief Executive Officer
Joseph C. Daches President, Chief Financial Officer & Treasurer
James W. Denny Executive Vice President-Production & Operations
Nuno Brandolini Independent Director
R. Glenn Dawson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LILIS ENERGY INC-49.96%65
CNOOC LTD2.96%72 416
CONOCOPHILLIPS-5.36%67 155
EOG RESOURCES INC.-2.00%48 138
OCCIDENTAL PETROLEUM CORPORATION-19.66%36 885
ANADARKO PETROLEUM59.28%35 163