Lilis Energy, Inc. (AMEX:LLEX) is seeking additional funding and considering certain strategic transactions to enable it to pay the remaining borrowing base deficiency amount of $7.75 million. There is no assurance, however, that funding or additional transactions will be completed or that the bank group will agree to further deficiency payment extensions. If the Company is unable to repay the remaining borrowing base deficiency as and when required under the Revolving Credit Agreement, an event of default would occur under the Revolving Credit Agreement.