Lilis Energy, Inc. announced that the company’s bank lending group has agreed to extend the due date for the third installment payment of $1.5 million on the previously announced borrowing base deficiency under its revolving credit agreement from March 16, 2020 to March 30, 2020. As previously reported, the first two borrowing base deficiency installment payments under the amended revolving credit agreement aggregating $17.25 million were funded on February 28, 2020. The due date for the fourth, and final, $6.25 million installment payment remains April 14, 2020. The Company is continuing to consider transactions to fund the repayment of the borrowing base deficiency on a timely basis. There is no assurance, however, that such transactions will be completed or that the bank group will agree to further deficiency payment extensions. If the Company is unable to repay the borrowing base deficiency as and when required under the revolving credit agreement, an event of default would occur under the revolving credit agreement.