reports
Lilis Energy Announces Closing of Asset Sale, Expected Effective Date ...
Lilis Energy Announces Closing of Asset Sale, Expected Effective Date of Its Liquidating Chapter 11 Plan and Suspension of SEC Reporting FORT WORTH, Texas, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (OTC: LLEXQ) (the “Company”), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced the closing of the sale of substantially all of the assets of the Company and its filing subsidiaries to Ameredev Texas, LLC (“Ameredev”) pursuant to a previously disclosed Bankruptcy Court-approved purchase and sale agreemen...
Lilis Energy Announces Confirmation of Modified Debtors’ Liquidating C...
Lilis Energy Announces Confirmation of Modified Debtors’ Liquidating Chapter 11 Plan FORT WORTH, Texas, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (OTC: LLEXQ) (the “Company"), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “Bankruptcy Court”) entered an order on November 17, 2020, among other things, confirming the Modified Debtors’ First Amended Joint Liquidating Chapter 11 Plan (the “Plan”) which ...
CORRECTION: Lilis Energy Announces Ameredev Texas LLC as Winning Bidde...
CORRECTION: Lilis Energy Announces Ameredev Texas LLC as Winning Bidder for Substantially all of Its Assets in Competitive Auction as Part of Chapter 11 Process FORT WORTH, Texas, Nov. 09, 2020 (GLOBE NEWSWIRE) -- This press release corrects the prior press release dated November 8, 2020 solely with respect to the time and date of the Bankruptcy Court hearing to approve the proposed sale of assets. Lilis Energy, Inc. (OTC: LLEXQ) (the “Company"), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that, followin...
Lilis Energy Announces Ameredev Texas LLC as Winning Bidder for Substa...
Lilis Energy Announces Ameredev Texas LLC as Winning Bidder for Substantially All of Its Assets in Competitive Auction as Part of Chapter 11 Process FORT WORTH, Texas, Nov. 08, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (OTC: LLEXQ) (the “Company"), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that, following a comprehensive sale process and a competitive auction as part of its Chapter 11 process, Ameredev Texas LLC has been named as the winning bidder to acquire substantially all of the Company’s assets ...
Lilis Energy to Pursue Sale Process
Lilis Energy to Pursue Sale Process FORT WORTH, Texas, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (OTC Pink Marketplace: LLEXQ) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that certain investment funds and entities affiliated with Värde Partners, Inc. (collectively, the “Värde Funds”) have declined to pursue a new money investment in the Company to sponsor a chapter 11 plan of reorganization. Therefore, in accordance with the terms of the Restructuring Support Agreement (the “RS...
Lilis Energy Receives Delisting Notice From NYSE American Transitions ...
Lilis Energy Receives Delisting Notice From NYSE American Transitions to OTC Pink Marketplace FORT WORTH, Texas, June 30, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX; OTC Pink: LLEXQ) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has received notification dated June 29, 2020 from the NYSE American LLC (the “NYSE American”) that the Company’s common stock has been suspended from trading on the NYSE American and that the NYSE American has determined to commence pro...
Lilis Energy Voluntarily Files for Chapter 11 Bankruptcy
Lilis Energy Voluntarily Files for Chapter 11 Bankruptcy New Director Appointed FORT WORTH, Texas, June 29, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has filed petitions under Chapter 11 of the United States Bankruptcy Code to initiate voluntary cases in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “Court”). The Chapter 11 petitions were filed in accordance with a ...
Lilis Energy Announces 2019 Fourth Quarter and Full-Year Results
Lilis Energy Announces 2019 Fourth Quarter and Full-Year Results FORT WORTH, Texas, April 30, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company"), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced its 2019 fourth-quarter and full-year results. Joseph C. Daches, Chief Executive Officer and President, commented, “While 2019 delivered certain key operational advances and highlights, we were significantly impacted by lower commodity prices, which created liquidity issues going into 20...
Lilis Energy Receives Additional Extension on Final Borrowing Base Def...
Lilis Energy Receives Additional Extension on Final Borrowing Base Deficiency Payment and Deferral on Borrowing Base Redetermination FORT WORTH, Texas, April 21, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Company’s bank lending group has agreed to amend the existing revolving credit agreement to, among other things, extend the due date for the final installment payment of $7.75 million on the previously announced b...
Lilis Energy Announces Actions in Response to Current Market Condition...
Lilis Energy Announces Actions in Response to Current Market Conditions and Director Resignations FORT WORTH, Texas, April 15, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Company is taking measures to reduce costs given current market conditions. In response to unprecedented challenges faced across the industry, the Company has reduced G&A expense by approximately 50%, G&A headcount by approximately 44% and operati...
Lilis Energy Receives Additional Extension on Final Borrowing Base Def...
Lilis Energy Receives Additional Extension on Final Borrowing Base Deficiency Payment FORT WORTH, Texas, April 14, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Company’s bank lending group has agreed to amend the existing revolving credit agreement to extend the due date for the final installment payment of $7.75 million on the previously announced borrowing base deficiency from April 14, 2020 to April 21, 2020. As...
LILIS ENERGY RECEIVES ADDITIONAL EXTENSION ON THIRD BORROWING BASE DEF...
LILIS ENERGY RECEIVES ADDITIONAL EXTENSION ON THIRD BORROWING BASE DEFICIENCY PAYMENT FORT WORTH, Texas, March 30, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Company’s bank lending group has agreed to amend the existing revolving credit agreement to, among other things, extend the due date for the third installment payment of $1.5 million on the previously announced borrowing base deficiency from March 30, 2020 to ...
LILIS ENERGY RECEIVES EXTENSION ON THIRD BORROWING BASE DEFICIENCY PAY...
LILIS ENERGY RECEIVES EXTENSION ON THIRD BORROWING BASE DEFICIENCY PAYMENT FORT WORTH, Texas, March 16, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today 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...
LILIS ENERGY ANNOUNCES RESIGNATION AND APPOINTMENT OF NEW CHAIRMAN OF...
LILIS ENERGY ANNOUNCES RESIGNATION AND APPOINTMENT OF NEW CHAIRMAN OF THE BOARD FORT WORTH, Texas, March 13, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that David M. Wood has resigned as Chairman of the Board and a director of the Company. The resignation of Mr. Wood was for personal reasons and not as a result of a disagreement with the Company, its directors or any of its stockholders. The board of directors of the Comp...
Lilis Energy Closes Previously Announced Undeveloped Acreage Sale And ...
Lilis Energy Closes Previously Announced Undeveloped Acreage Sale And Receives Further Extension On The Take-Private Offer From Major Shareholder FORT WORTH, Texas, Feb. 28, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has closed the previously announced sale of approximately 1,146 undeveloped net acres in the Company’s northernmost acreage in Lea County, New Mexico. The net cash proceeds of approximately $24.1 milli...
Lilis Energy Announces Extension of Expiration Date for Take Private O...
Lilis Energy Announces Extension of Expiration Date for Take Private Offer From Major Shareholder FORT WORTH, Texas, Feb. 17, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that Värde Partners, Inc., on behalf of certain of its affiliated private funds and investment vehicles (collectively, “Värde”), has extended the expiration date for its previously announced non-binding offer proposing to acquire all of the outstanding share...
Lilis Energy Receives Extension on Initial Borrowing Base Deficiency P...
Lilis Energy Receives Extension on Initial Borrowing Base Deficiency Payment and Signs Purchase and Sale Agreement to Divest Certain Assets FORT WORTH, Texas, Feb. 14, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that the Company’s bank lending group has agreed to extend the due date for the first two installment payments on the borrowing base deficiency under its revolving credit agreement that resulted from the recently an...
NYSE American Approves Lilis’ Plan to Regain Compliance
NYSE American Approves Lilis’ Plan to Regain Compliance FORT WORTH, Texas, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced that on February 7, 2020 the NYSE American LLC (“NYSE American”) notified the Company that it has accepted the Company’s plan to regain compliance with the NYSE American’s continued listing standards. As previously disclosed, on November 21, 2019, the Company received a letter from the NYSE American stat...
Lilis Energy Receives Extension on Initial Borrowing Base Deficiency P...
Lilis Energy Receives Extension on Initial Borrowing Base Deficiency Payment FORT WORTH, Texas, Feb. 06, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that the Company’s bank lending group has agreed to extend the due date for the first two installment payments on the borrowing base deficiency under its revolving credit agreement that resulted from the recently announced borrowing base redetermination. The amendment to the re...
Lilis Energy Receives Extension on Initial Borrowing Base Defiency Pay...
Lilis Energy Receives Extension on Initial Borrowing Base Defiency Payment FORT WORTH, Texas, Jan. 24, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that the Company’s bank lending group has agreed to extend from January 24, 2020 to February 7, 2020 the due date for the initial installment payment on the borrowing base deficiency under its revolving credit agreement that resulted from the recently announced borrowing base rede...
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