On August 16, 2018, the Board of Directors of Lilis Energy, Inc. named Joseph C. Daches as the company’s President, effective immediately. Mr. Daches will continue to serve as the company’s Chief Financial Officer and Treasurer, and his administrative duties and direct reports will remain the same. Mr. Daches joined Lilis on January 23, 2017, as Executive Vice President, Chief Financial Officer and Treasurer. Prior to such time, the company engaged Mr. Daches as a Senior Advisor to the Board of Directors of the Company commencing on December 15, 2016. Since joining the Company, Mr. Daches has been instrumental in building and managing the financial and accounting departments of the Company, securing over $300 million in various forms of financing, negotiating the agreements for the construction and management of infrastructure systems across the Company’s properties and establishing significant capital market relationships to further enhance the Company’s strategic growth objectives.