(:LLEX)

Aug 17, 2020 07:30 am ET
Lilis Energy to Pursue Sale Process
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...
Jun 30, 2020 07:40 pm ET
Lilis Energy Receives Delisting Notice From NYSE American Transitions to OTC Pink Marketplace
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...
Jun 29, 2020 07:00 am ET
Lilis Energy Voluntarily Files for Chapter 11 Bankruptcy
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...
Jun 23, 2020 10:30 am ET
Thinking about buying stock in Sunesis Pharmaceuticals, TOP Ships, Lilis Energy, Seanergy Maritime Holdings, or Plug Power?
NEW YORK, June 23, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SNSS, TOPS, LLEX, SHIP, and PLUG.
Apr 30, 2020 05:15 pm ET
Lilis Energy Announces 2019 Fourth Quarter and Full-Year Results
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....
Apr 21, 2020 05:00 pm ET
Lilis Energy Receives Additional Extension on Final Borrowing Base Deficiency Payment and Deferral on Borrowing Base Redetermination
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...
Apr 15, 2020 04:45 pm ET
Lilis Energy Announces Actions in Response to Current Market Conditions and Director Resignations
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...
Apr 14, 2020 05:00 pm ET
Lilis Energy Receives Additional Extension on Final Borrowing Base Deficiency Payment
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...
Mar 30, 2020 05:00 pm ET
LILIS ENERGY RECEIVES ADDITIONAL EXTENSION ON THIRD BORROWING BASE DEFICIENCY PAYMENT
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...
Mar 16, 2020 06:15 am ET
LILIS ENERGY RECEIVES EXTENSION ON THIRD BORROWING BASE DEFICIENCY PAYMENT
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...
Mar 13, 2020 06:15 am ET
LILIS ENERGY ANNOUNCES RESIGNATION AND APPOINTMENT OF NEW CHAIRMAN OF THE BOARD
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...
Feb 28, 2020 04:05 pm ET
Lilis Energy Closes Previously Announced Undeveloped Acreage Sale And Receives Further Extension On The Take-Private Offer From Major Shareholder
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...
Feb 17, 2020 07:26 pm ET
Lilis Energy Announces Extension of Expiration Date for Take Private Offer From Major Shareholder
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...
Feb 14, 2020 04:30 pm ET
Lilis Energy Receives Extension on Initial Borrowing Base Deficiency Payment and Signs Purchase and Sale Agreement to Divest Certain Assets
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...
Feb 13, 2020 04:05 pm ET
NYSE American Approves Lilis’ Plan to Regain Compliance
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”)...
Feb 06, 2020 05:50 pm ET
Lilis Energy Receives Extension on Initial Borrowing Base Deficiency Payment
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...
Jan 24, 2020 06:00 am ET
Lilis Energy Receives Extension on Initial Borrowing Base Defiency Payment
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...
Jan 21, 2020 06:00 am ET
Lilis Energy Completes Fall Borrowing Base Redetermination
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 its lenders have completed the scheduled redetermination...
Jan 13, 2020 06:00 am ET
Lilis Energy Receives Non-Binding Cash Take Private Offer From Major Shareholder
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 it has received a non-binding offer from Värde Partners,...
Dec 06, 2019 04:15 pm ET
Lilis Energy Notified of NYSE American Listing Deficiency
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 December 3, 2019, Lilis Energy, Inc. (the “Company”)...
Nov 27, 2019 04:15 pm ET
Lilis Energy Notified of NYSE American Listing Deficiency
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 November 21, 2019 it received a deficiency letter (the...
Nov 13, 2019 06:00 am ET
Lilis Energy Announces Appointment of Joseph C. Daches as Chief Executive Officer
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced that Joseph C. Daches has been appointed Chief Executive Officer. Mr. David Wood,...
Nov 07, 2019 05:24 pm ET
Lilis Energy Reports Third Quarter 2019 Operating and Financial Results and Provides Fourth Quarter Guidance & Announces the Formation of Special Committee and Engagement of a Financial Advisor to Exp
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and production company operating in the Permian Basin of West Texas and southeastern New Mexico, today reported financial and operating results for the third quarter of 2019 and announced the...
Nov 05, 2019 04:05 pm ET
Lilis Energy to Report Third Quarter 2019 Operating and Financial Results on Thursday, November 7, 2019 and Provide Corporate Update
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 it will report third quarter 2019 operating and financial results on...
Aug 08, 2019 04:36 pm ET
Lilis Energy Reports Second Quarter 2019 Operating and Financial Results and Provides Third Quarter Guidance
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, today reported financial and operating results for the second quarter of 2019. Second...
Aug 05, 2019 06:00 am ET
Lilis Energy to Report Second Quarter Operating and Financial Results on Friday, August 9, 2019 and Provide Corporate Update
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 it will report second quarter 2019 operating and financial results on...
Jun 06, 2019 06:00 am ET
Lilis Energy Announces Appointment of David M. Wood as Chairman upon Retirement of Ron Ormand as CEO and Chairman
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, today announced that Ron Ormand, currently Chairman of the Board of Directors (“Board”) and...
May 09, 2019 07:24 pm ET
Lilis Energy Reports First Quarter 2019 Operating and Financial Results and Provides Second Quarter Guidance
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, today reported financial and operating results for the first quarter of 2019. First Quarter...
Apr 25, 2019 06:00 am ET
Lilis Energy Achieves First Quarter 2019 Production Guidance and Provides Operational Update
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and production company operating in the Permian Basin of West Texas and southeastern New Mexico, today announced certain operating and financial results for the first quarter of 2019....
Apr 11, 2019 08:50 am ET
Consolidated Research: 2019 Summary Expectations for Tetra Tech, PBF Energy, 3PEA international, Intevac, Lilis Energy, and American Superconductor — Fundamental Analysis, Key Performance Indications
In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders, and shareholders of Tetra Tech, Inc. (NASDAQ:TTEK), PBF Energy Inc. (NYSE:PBF), 3PEA international,...
Mar 25, 2019 06:00 am ET
Lilis Energy to Participate in Upcoming Investment Conferences
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, announced that Ronald D. Ormand, Chairman and Chief Executive Officer, will present and...
Mar 07, 2019 07:12 pm ET
Lilis Energy Announces 2018 Fourth Quarter and Full-Year Results and Provides 2019 Outlook and Guidance
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced its 2018 fourth-quarter and full-year results and 2019 outlook and guidance....
Mar 05, 2019 06:00 am ET
Lilis Energy Announces Significant Balance Sheet Recapitalization
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced that the Company has entered into definitive agreements for a transformational...
Feb 05, 2019 02:01 pm ET
EnerCom Dallas 2019 Oil & Gas Conference: Updated Presenter Schedule
DENVER, Feb. 5, 2019 /PRNewswire/ -- EnerCom has updated the presenting company schedule for its Texas-based oil and gas investment conference—EnerCom Dallas—at The Tower Club Feb. 27-28, 2019, in downtown Dallas.
Jan 10, 2019 06:00 am ET
Lilis Energy Achieves 2018 Target Exit Rate of 8,000 Net Boepd
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...
Dec 18, 2018 08:45 am ET
Gulfport Energy Corporation Appoints David M. Wood President, Chief Executive Officer and Member of the Board of Directors
Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today announced that its Board of Directors has appointed David M. Wood, a 40-year oil and gas industry veteran, to serve as President and Chief Executive Officer, effective...
Dec 13, 2018 06:30 am ET
Lilis Energy Announces Initial Results From Recent 3rd Bone Spring Well and Announces an Increase in Liquidity
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 Tiger #3H has reached the 24-hour initial production rate. The...
Nov 27, 2018 04:37 pm ET
Lilis Energy to Participate in Upcoming Investment Conferences
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, announced that Ronald D. Ormand, Chairman and Chief Executive Officer, will participate in...
Nov 19, 2018 08:10 am ET
Market Trends Toward New Normal in Lightbridge, MEI Pharma, Good Times Restaurants, Lilis Energy, Microbot Medical, and S&W Seed — Emerging Consolidated Expectations, Analyst Ratings
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Lightbridge Corporation (NASDAQ:LTBR), MEI Pharma, Inc. (NASDAQ:MEIP),...
Nov 01, 2018 05:38 pm ET
Lilis Energy Reports Third Quarter 2018 Operating and Financial Results
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, today reported a net loss attributable to common stockholders of $5.3 million, or $0.08 per...
Oct 23, 2018 04:30 pm ET
Lilis Energy Provides Third Quarter 2018 Update on Production & Drilling Results
Lilis Energy, Inc. (NYSE American: LLEX) (the “Company” or “Lilis”), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today provided an update on production, well performance and...
Oct 10, 2018 05:00 pm ET
Lilis Energy Announces New Credit Agreement Conversion of ~$68 Million of Second Lien Term Loan to Equity Lowering Cost of Capital to Delineate and Acquire Acreage
Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today announced the Company has entered into a five-year, $500 million credit agreement. The...
Aug 06, 2018 05:49 pm ET
Lilis Energy Provides Second Quarter 2018 and Year-To-Date Operating Results
Lilis Energy, Inc. (NYSE American: LLEX) (the “Company” or “Lilis”), today reported operating results for second-quarter 2018. Second Quarter 2018 Highlights Production increased by 53% quarter-over-quarter and 210% year-over-year and current...
Aug 02, 2018 04:01 pm ET
Lilis Energy, Inc. Announces Five Year Agreement for Firm Oil Pipeline Takeaway
Lilis Energy, Inc. (NYSE American: LLEX) (Lilis), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has entered into a crude oil firm takeaway and sales...
Aug 02, 2018 06:00 am ET
Lilis Energy Announces Strategic Transaction for the Exchange of Acreage in the New Mexico Delaware Basin
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 it has entered into an acre-for-acre trade of approximately 750 net acres...
Aug 01, 2018 08:45 am ET
90 Public and Private Oil and Gas Company Leaders and Experts to Speak at the 23rd Annual EnerCom - The Oil & Gas Conference®
DENVER, Aug. 1, 2018 /PRNewswire/ -- Regardless of whether your area of interest in the U.S. energy sector is the shale plays and companies drilling the U.S. basins, offshore drilling in the Gulf of Mexico, oil pipelines, LNG exports, Texas-sourced frac sand, oilfield services or new oilfield technologies, the 23rd annual EnerCom conference will deliver the best of the industry to the Denver Downtown Westin Hotel Denver Aug. 19-22, 2018.
Jul 26, 2018 06:00 am ET
Lilis Energy Announces Water Gathering and Disposal Agreement With SCM Water, an ARM Energy Holdings Affiliate
Lilis Energy, Inc. (NYSE American:LLEX), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today announced that the Company has entered into a water gathering and disposal agreement and...
Jul 23, 2018 06:00 am ET
Lilis Energy Announces Recent Well Results
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 Prizehog #2H, Wildhog #2H, Howell #1H and Antelope #1H have reached...
Jul 17, 2018 09:00 am ET
IFR Appoints Glenn Dawson to Board of Directors, Extends Evaluation Plan
International Frontier Resources Corporation (“IFR” or the “Company”) (TSX-V:IFR) (OTCQB:IFRTF) is pleased to announce the appointment of a new independent director, R. Glenn Dawson to its board of directors (the “Board”). Mr Dawson brings 38 years...
Jul 12, 2018 01:15 pm ET
Jun 20, 2018 02:30 pm ET
EnerCom Announces Presenting Companies for The Oil & Gas Conference® 23
DENVER, June 20, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of oil and gas companies and energy sector experts who will be presenters at the 23rd annual edition of The Oil & Gas Conference®, coming August 19-22, 2018, to the Westin Denver Downtown. 
Jun 13, 2018 09:15 am ET
EnerCom Updates List of Presenters for The Oil & Gas Conference® 23
DENVER, June 13, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of oil and gas companies and energy sector experts who will be presenters at the 23rd annual edition of The Oil & Gas Conference®, coming August 19-22, 2018, to the Westin Denver Downtown. 
Jun 11, 2018 06:00 am ET
Lilis Energy Announces Strategic Transaction in the Texas Delaware Basin Through Exchange of Acreage
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 it has entered into an acre-for-acre trade of approximately 1,500 net...
Jun 05, 2018 09:15 am ET
North American Shale Producers, International Operators Join Roster of Presenting Companies for EnerCom's The Oil & Gas Conference®
DENVER, June 5, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of presenting oil and gas companies for the 23rd annual edition of The Oil & Gas Conference®, coming August 19-22, 2018, at the Westin Denver Downtown.  Investment and oil and gas professionals may register for the event now through the conference website. 
Jun 04, 2018 06:00 am ET
Lilis Energy Announces Appointment of David M. Wood to Board of Directors
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 the appointment of David M. Wood to the Lilis Energy Board of Directors. Mr....
May 30, 2018 06:00 am ET
Lilis Energy Announces Recent Well Results
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 Hippo #2H, AG Hill #1H and Meerkat #1H have reached 24-hour initial...
May 23, 2018 10:55 am ET
EnerCom Adds Presenting Companies to its 23rd Annual - The Oil & Gas Conference® Roster
DENVER, May 23, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of presenting oil and gas companies for the 23rd annual edition of its popular The Oil & Gas Conference®, coming this August to Denver, Colo.
May 23, 2018 06:05 am ET
Lilis Energy Announces Crude Oil Gathering Agreement With Salt Creek Midstream, an Arm Energy Holdings’ Affiliate
Lilis Energy, Inc. (NYSE American:LLEX), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today announced that the Company has entered into a crude oil gathering agreement with Salt...
May 14, 2018 06:00 am ET
Lilis Energy to Present at Upcoming Investment Conferences
Lilis Energy, Inc. (NYSE American:LLEX), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, announced that Ronald D. Ormand, Chairman and Chief Executive Officer, will present and...
May 10, 2018 06:05 am ET
Lilis Energy Reports First Quarter 2018 Operating and Financial Results
Lilis Energy, Inc. (NYSE American:LLEX), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today reported financial results for its 2018 first quarter ended March 31, 2018 and provided...
May 09, 2018 06:00 am ET
Lilis Energy Announces Appointment of Nicholas Steinsberger to Board of Directors
Lilis Energy, Inc. (NYSE American:LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced the appointment of Nicholas Steinsberger to its Board of Directors.   “We are...
Apr 10, 2018 06:00 am ET
Lilis Energy Announces Executive and Board of Director Appointments
Ronald D. Ormand Becomes Chief Executive Officer James W. Denny III Appointed Executive Vice President of Production & Operations
Mar 27, 2018 06:00 am ET
Lilis Energy Announces Grizzly #2H And Lion #3H IP24 Rate
SAN ANTONIO, March 27, 2018 /PRNewswire/ -- 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 Grizzly #2H and the Lion #3H have reached 24-hour initial production rates.  The Grizzly #2H and the Lion #3H are Lilis's ninth and tenth successful operating horizontal Wolfcamp wells in the Permian's Delaware Basin.
Mar 26, 2018 06:00 am ET
Lilis Energy Announces New Midstream Solution Operational Production Exceeds 5,000 Boepd
SAN ANTONIO, March 26, 2018 /PRNewswire/ -- 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 its third party operated midstream system has commenced operations.  In addition, the Company announced that its current production is in excess of 5,000 Boepd (75% liquids) and growing as the midstream system reaches maximum efficiency and additional wells currently in flowback and completion stage achieve peak production.
Mar 19, 2018 06:00 am ET
Lilis Energy Announces The Closing Of Delaware Basin Acquisition
SAN ANTONIO, March 19, 2018 /PRNewswire/ -- 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 it has closed the previously announced purchase and sale agreement to acquire approximately 2,798 net acres in southeastern New Mexico in the Delaware Basin (the "Acquisition").  Aggregate consideration for the Acquisition is ~$65 million, consisting of $40 million in cash and ~$25.3 million (1) consisting of ~ 6.9 million shares of common stock.
Mar 08, 2018 05:00 am ET
Lilis Energy Provides Operational Update And Review Of Fourth Quarter And Fiscal Year 2017 Operations
SAN ANTONIO, Texas, March 8, 2018 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, today announced an operational update and review of fourth quarter and fiscal year 2017 operations.
Feb 21, 2018 06:00 am ET
Lilis Energy Announces Execution Of Amendment For Approval Of Share Repurchase Program By Lenders And Preferred Equity Holder
SAN ANTONIO, Feb. 21, 2018 /PRNewswire/ -- 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 its has executed an amendment with its Senior Lender, Second Lien Lenders and Preferred Equity Holder authorizing the repurchase of up to $10 million of the Company's common stock in the open market.  The commencement of any buyback would occur upon the filing of the Company's 10-K, compliance with applicable law, Board approval at said time and as market conditions warrant.  
Feb 15, 2018 07:05 am ET
Presenter Agenda Posted for EnerCom Dallas Oil & Gas Investment Conference Feb. 21-22, 2018
DENVER, Feb. 15, 2018 /PRNewswire/ -- EnerCom's Texas-based oil and gas investment conference—EnerCom Dallas—will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as energy economists and other experts who will discuss global energy trends and projected economics for the industry in 2018 and 2019.
Feb 12, 2018 05:00 am ET
Lilis Energy Announces Kudu #2H IP24 Rate
SAN ANTONIO, Feb. 12, 2018 /PRNewswire/ -- 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 Kudu #2H has reached a 24-hour initial production rate of 1,475 Boepd on a three-stream basis, at 299 Boepd per 1,000 ft.  The well is currently producing at 75% liquids on a three-stream basis. 
Jan 31, 2018 01:53 pm ET
Conference Agenda Has Been Posted for 2018 EnerCom Dallas Oil & Gas Investment Conference
DENVER, Jan. 31, 2018 /PRNewswire/ -- EnerCom's Texas-based oil and gas investment conference—EnerCom Dallas—will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as energy economists and other experts who will discuss global energy trends and projected economics for the industry in 2018 and 2019.
Jan 31, 2018 05:05 am ET
Lilis Energy Announces 2018 Capital Budget and Production Guidance Substantial Delineation of Acreage Planned
SAN ANTONIO, Jan. 31, 2018 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced its 2018 capital budget and issued guidance as to anticipated production.
Jan 31, 2018 05:00 am ET
Lilis Energy Announces Delaware Basin Acquisition, Pro Forma Net Acreage of ~19,000 in the Delaware Basin AND Private Placement of $100 Million of Preferred Stock
SAN ANTONIO, Jan. 31, 2018 /PRNewswire/ -- 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 it has entered into a definitive purchase and sale agreement with OneEnergy Partners Operating, LLC ("OEP") to acquire approximately 2,798 net acres in the Delaware Basin and associated production of approximately 425 net Boepd (the "Acquisition").  Aggregate consideration for the Acquisition is $70 million, consisting of $40 million in cash and $30 million of the Company's com
Jan 31, 2018 04:00 am ET
Lilis Energy Announces the Closing of New $50 Million First Lien Credit Facility With Riverstone Credit Partners, L.P.
SAN ANTONIO, Jan. 31, 2018 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX; the "Company") announced today that it has signed a new $50 million first lien term loan with Riverstone Credit Partners, L.P. ("RCP") (the "new credit facility").  It is anticipated that the new credit facility will be funded in full at closing tomorrow.  The new credit facility will have additional availability of up to an additional $30 million which will be uncommitted at closing.  The new credit facility will mature in three years, will be issued at an original issue discount of 1%, will carry a floating
Jan 24, 2018 01:49 pm ET
EnerCom Updates 2018 EnerCom Dallas Oil & Gas Conference Presenters, Speakers
DENVER, Jan. 24, 2018 /PRNewswire/ -- EnerCom's Texas-based oil and gas investment conference—EnerCom Dallas—will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as energy economists and other experts who will discuss global energy trends and projected economics for the industry in 2018 and 2019.
Jan 18, 2018 04:44 pm ET
EnerCom Dallas Announces 2018 Conference Presenters
DENVER, Jan. 18, 2018 /PRNewswire/ -- EnerCom's Texas-based oil and gas investment conference—EnerCom Dallas—will kick off on Feb. 21, 2018.
Jan 08, 2018 06:30 am ET
Lilis Energy Announces Tiger #1H IP24 Rate, Commencement Of Gas Sales In Texas To Lucid
SAN ANTONIO, Jan. 8, 2018 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas, announced today that the Tiger #1H has reached a 24-hour initial production rate of 1,803 Boepd on a three-stream basis, at 439 Boepd per 1,000 ft. or 242 Bopd per 1,000 ft. of lateral. The well is currently producing at 72% liquids on a three-stream basis. 
Nov 28, 2017 06:30 am ET
Lilis Energy Announces Prizehog BWX State Com #1H IP24 Rate
SAN ANTONIO, Nov. 28, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas, announced today that the Prizehog BWX State Com #1H reached a 24-hour initial production rate of 1,127 Boepd on a three-stream basis, at 239 Boepd per 1,000 ft or 170 Bopd per 1,000 ft of lateral. The well currently is producing at 89% liquids with 71% oil on a three-stream basis.
Nov 14, 2017 04:05 pm ET
Lilis Energy Provides Third Quarter Operations And Corporate Update
SAN ANTONIO, Nov. 14, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced a third quarter operations and corporate update.
Oct 04, 2017 07:45 am ET
Lilis Energy Announces Delaware Basin Acquisition and Wildhog BWX State Com #1H IP24 Rate
SAN ANTONIO, Oct. 4, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced that it has entered into an agreement to acquire over 4,000 net contiguous/overlapping acres from a private seller for approximately $45.6MM in cash, subject to customary closing adjustments.  The acquisition will increase the Company's acreage position in the Delaware Basin to over 15,000 net acres, exceeding the Company's year end 2017 acreage guidance.  The transaction is currently expected to close in Nove
Sep 25, 2017 05:05 pm ET
Lilis Energy Executive Chairman To Present At The Johnson Rice & Company 2017 Energy Conference On September 27, 2017
SAN ANTONIO, Texas, Sept. 25, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas, announced today that Ronald D. Ormand, the Company's Executive Chairman of the Board, will present at the Johnson Rice & Company 2017 Energy Conference on September 27, 2017 at 11:00am Central Time, at the Ritz Carlton New Orleans, in Salon II. Mr. Ormand will discuss the Company's business strategy and recent developments in the Permian's Delaware Basin.
Sep 06, 2017 08:30 am ET
Lilis Energy to Ring The New York Stock Exchange Opening Bell On Thursday September 7, 2017
SAN ANTONIO, Sept. 6, 2017 /PRNewswire/ --Lilis Energy, Inc. (NYSE American: LLEX) announced today that it will ring the NYSE Opening Bell on Thursday, September 7, 2017. Executive Chairman Ronald Ormand will perform the honorary Bell ringing ceremony at 9:30am ET.
Aug 14, 2017 08:30 am ET
Lilis Energy And Lucid Energy Group Enter Into A Long-Term Gas Gathering, Processing And Purchase Agreement In The Permian Basin
SAN ANTONIO, Aug. 14, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX) ("Lilis"or "the Company"), an exploration and development company operating in the Permian Basin of West Texas, today announced it has entered into a long-term gas gathering, processing and purchase agreement with an affiliate of Lucid Energy Group ("Lucid") (www.lucid-energy.com) to support Lilis's active drilling program in the Permian's Delaware Basin. Lucid will receive, gather and process Lilis's gas production from certain production areas located in Lea County, New Mexico and in Loving and Winkler
Aug 14, 2017 08:30 am ET
Lilis Energy Provides Second Quarter Operations And Corporate Update
SAN ANTONIO, Aug. 14, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced a second quarter operations and corporate update.
Aug 07, 2017 08:30 am ET
Lilis Energy Executive Chairman To Present At EnerCom's The Oil & Gas Conference 2017
SAN ANTONIO, Aug. 7, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas, announced today that Ronald D. Ormand, the Company's Executive Chairman of the Board, will present at EnerCom's The Oil & Gas Conference on Tuesday, August 15, from 9:15-9:40 a.m. Mountain Time in the Conference C Room. A breakout session will follow from 9:40-10:30 a.m. Mountain Time in the Lawrence A Room. Mr. Ormand will discuss the Company's advancements in the Permian's Delaware Basin.
Aug 04, 2017 07:44 am ET
Lilis Energy Names James Linville Chief Executive Officer
SAN ANTONIO, Aug. 4, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced that its recently named President, James Linville, has been named Chief Executive Officer. Mr. Linville, a petroleum engineer by background, has led and managed oil and gas development projects in the majority of the major unconventional U.S. basins, including in the Delaware and Midland basins of the Permian,  for companies including U.S. Energy Development Corporation, American Energy Partners, and Devon Ene
Jul 27, 2017 09:00 am ET
Lilis Energy Announces Hippo #1H IP30 Rate And Provides Permian Basin Operations Update
SAN ANTONIO, July 27, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced that the Hippo #1H reached a 30-day initial production rate of 1,506 Boepd on a three-stream basis, at 367 Boepd per 1,000 ft., or 1,406 Boepd on a two-stream basis. The well currently is producing at 63% oil; 76% liquids on a three-stream basis.
Jul 18, 2017 03:33 pm ET
At EnerCom's The Oil & Gas Conference(R) 80+ Companies will Discuss Energy Development
EnerCom, Inc. will host The Oil & Gas Conference® 22 on August 13-17, 2017, in Denver at the Westin Denver Downtown. The Oil & Gas Conference® it is an investment conference designed for exploration and production and oilservice and technology companies to give mid-year updates to a large gathering of institutional investors -- portfolio managers, fund managers and analysts.
Jun 26, 2017 09:00 am ET
Lilis Energy Names James Linville President
SAN ANTONIO, June 26, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE MKT: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced that James Linville has joined the company as its new President, effective today. He will report directly to the Chief Executive Officer, Avi Mirman.
Jun 01, 2017 05:05 pm ET
Lilis Energy to Present at the 2017 RBC Capital Markets Global Energy and Power Executive Conference on Wednesday, June 7, 2017
SAN ANTONIO, June 1, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE MKT: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced that Ronald Ormand, Executive Chairman of Lilis Energy, will be a featured presenter at the 2017 RBC Capital Markets Global Energy and Power Executive Conference on Wednesday, June 7, 2017 at 3:05pm EDT, taking place at The Ritz Carlton Battery Park Hotel, In New York City.
Jun 01, 2017 09:00 am ET
Lilis Energy Announces Flow Rates on the Hippo #1H
SAN ANTONIO, June 1, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE MKT: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced that the Hippo #1H reached a peak 24hr rate on May 26, 2017 of 1,917 Boepd at 4,105 lateral feet on a three-stream basis, or 1,662 Boepd on a two-stream basis. The well currently is producing at 67% oil; 74% liquids on a three-stream basis.
May 16, 2017 09:00 am ET
Lilis Energy Provides Year-to-Date Operations And Corporate Update
SAN ANTONIO, May 16, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE MKT: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced a year-to-date operations and corporate update.
May 09, 2017 09:00 am ET
Lilis Energy Commences Trading on NYSE MKT
SAN ANTONIO, Texas, May 9, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NYSE MKT: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced that its common stock will commence trading on the NYSE MKT effective at the market open today, under its current symbol "LLEX."
Apr 26, 2017 09:30 am ET
Lilis Energy Announces Trading on NYSE MKT to Commence May 9, 2017
SAN ANTONIO, April 26, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NASDAQ: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced that its common stock has been approved for listing on the NYSE MKT. The Company's common stock is expected to begin trading on NYSE MKT under its current symbol "LLEX," beginning at the open of market trading on May 9, 2017. In connection with the listing of its common stock on the NYSE MKT, Lilis intends to terminate the listing of its common stock on NASDAQ. The Company intends to file with SEC a Form 25 related
Apr 26, 2017 09:00 am ET
Lilis Energy Secures $140 Million Financing
SAN ANTONIO, April 26, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NASDAQ: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today announced the closing of $140 million in new financings. The financings include a $125 million convertible second lien term loan facility funded by Vӓrde Partners, Inc. ("Vӓrde"), and an additional $15 million in the form of incremental term loans under Lilis's existing first lien credit facility. The funds will be used to fuel the Company's continued expansion in the Permian Basin through leasing activity and acquisitions,
Apr 14, 2017 06:00 pm ET
Lilis Energy Retains BDO As New Corporate Auditor
SAN ANTONIO, April 14, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NASDAQ: LLEX) ("Lilis") today announced it has appointed the accounting and consulting firm BDO USA, LLP, the world's fifth largest international accounting and consulting organization, to act as its new independent registered public accountant, effective April 13, 2017, replacing Marcum LLP.
Apr 03, 2017 08:00 am ET
Lilis Energy Announces IP30 Rates, Divestiture of DJ Basin Properties and 2017 Preliminary Production Guidance
SAN ANTONIO, April 3, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NASDAQ: LLEX) ("Lilis") announces the following highlights:
Mar 15, 2017 10:39 am ET
Lilis Energy Announces Industry Leading Flow Rates Per 1,000' Lateral Feet, Operational And Leasehold Acquisition Updates And Sets 2017 Preliminary Drilling And Completion Capital Budget
SAN ANTONIO, March 15, 2017 /PRNewswire/ -- Lilis Energy, Inc. (NASDAQ: LLEX) ("Lilis" or "Company") announces the following highlights:
Mar 10, 2017 08:15 am ET
Lilis Energy Announces Uplisting To The Nasdaq Capital Market
SAN ANTONIO, March 10, 2017 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) today announced that its common stock has been approved to begin trading on The Nasdaq Capital Market ("NASDAQ"). The Company expects its common stock will continue trading under its existing symbol "LLEX" at the open of trading on March 14, 2017.
Mar 01, 2017 09:17 am ET
Lilis Energy Announces $20 Million Private Placement
SAN ANTONIO, March 1, 2017 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) today announced that it has entered into a definitive securities purchase agreement to raise $20 million in a private placement of common stock and warrants exercisable for common stock.  Lilis expects to use the net proceeds from the private placement to support its 2017 Delaware Basin development program, Delaware Basin lease acquisition program, and for general corporate purposes including working capital.
Jan 31, 2017 07:30 am ET
Lilis Energy Appoints Brennan Short As Chief Operating Officer
SAN ANTONIO, Jan. 31, 2017 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) announced today it has appointed Brennan Short as Chief Operating Officer. Mr. Short is a petroleum engineer with 20 years of domestic oil and gas exploration and production operations, field supervision, management and petroleum engineering consulting experience.
Jan 25, 2017 04:00 pm ET
Lilis Energy Appoints Joseph C. Daches, CPA as EVP, CFO and Treasurer
DENVER, Jan. 25, 2017 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) announced today the appointment of Joseph C. Daches, CPA, as its new Executive Vice President, Chief Financial Officer and Treasurer.  Mr. Daches has over 20 years of experience and expertise in directing strategy, accounting and finance in primarily small and mid-size oil and gas companies. 
Jan 23, 2017 08:15 am ET
Lilis Energy to Present at the NobleCon13 - Noble Capital Markets' Thirteenth Annual Investor Conference on January 30, 2017
DENVER, Jan. 23, 2017 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) today announced that Avi Mirman, CEO of Lilis Energy, will be a featured presenter at the NobleCon13 - Noble Capital Markets' Thirteenth Annual Investor Conference at the Boca Raton Resort & Club in Boca Raton, Florida, on Monday, January 30, 2017 at 12:30pm Eastern Standard Time in Room 4.
Dec 01, 2016 09:00 am ET
Lilis Energy To Present At The Capital One Securities 11th Annual Energy Conference On December 8, 2016
DENVER, Dec. 1, 2016 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) today announced that Ron Ormand, Executive Chairman of Lilis Energy, will be a featured presenter at the Capital One Securities 11th Annual Energy Conference, in New Orleans, Louisiana, on Thursday, December 8, 2016, at 9:40am.
Nov 07, 2016 08:15 am ET
Lilis Energy Increases Delaware Footprint
DENVER, Nov. 7, 2016 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) (the "Company" or "Lilis") today announced additional bolt-on acreage in Winkler County, Texas. The Company added approximately 860 net contiguous acres, further expanding its Delaware Basin footprint. Since its merger with Brushy Resources, Inc., Lilis has increased its Delaware Basin acreage position by 53%, bringing its total Delaware Basin acreage to approximately 5,300 net acres. Lilis intends to continue to seek additional bolt-on acreage on a highly selective basis.
Oct 13, 2016 09:15 am ET
Lilis Energy Announces Delaware Basin Acquisition
DENVER, Oct. 13, 2016 /PRNewswire/ -- Lilis Energy, Inc. ("Lilis" or the "Company") (OTCQB: LLEX) today reported that it has acquired certain oil and gas properties located in Winkler County, Texas, for a purchase price of $3 million (the "Properties").  The Company purchased the Properties through a sale process under Section 363 of the Bankruptcy Code. The Properties represent a 12% increase in its net Delaware Basin leashold.  The Company's net acreage in the Delaware Basin is now approximately 4,433 net acres, which represents a 28% increase since June 2016.
Sep 29, 2016 04:08 pm ET
Lilis Energy Announces $50 Million Debt Facility
DENVER, Sept. 29, 2016 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) today announced its entry into a debt facility with institutional and qualified purchasers whereby it may borrow up to $50 million. The debt facility provides for a three year term loan that bears interest at a fixed rate of 6.0% subject to certain conditions.  The lenders under the debt facility have initially committed to funding $31 million, of which $25 million has been received by the company.  The additional remaining availability of $19 million may be funded at future dates upon approval of the existing lenders. 
Sep 21, 2016 09:15 am ET
Lilis Energy Announces Plans To Spud Its First Two Delaware Basin Wolfcamp Wells
DENVER, Sept. 21, 2016 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) today announced plans to spud its first two Wolfcamp horizontal wells in the Delaware Basin. Both wells will be Re-Entry horizontal completions, which utilize existing vertical wellbores by "cutting a window" and provide the Company with significant cost savings. The Company's first well, the Bison #1H, is expected to be a 6,000 foot lateral and is targeting the Wolfcamp formation. The wellbore has been prepped and Lilis expects to commence drilling activities on or about October 1. After reaching Total Depth on the Biso
Sep 20, 2016 09:15 am ET
Lilis Energy to Present at the Johnson Rice & Company 2016 Energy Conference on September 21 -22, 2016
DENVER, Sept. 20, 2016 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) today announced that Ron Ormand, Executive Chairman of Lilis Energy, will present the Company's business model and growth initiatives at the Johnson Rice & Company 2016 Energy Conference on September 21 -22, 2016, in one-on-one meetings, taking place at the Ritz-Carlton, New Orleans, Louisiana. For more information on the conference and to schedule a meeting with Mr. Ormand, please contact the conference via: http://www.jrco.com/news-current-events
Aug 12, 2016 09:30 am ET
Lilis Energy To Present At EnerCom's The Oil & Gas Conference® 21 On August 16, 2016
DENVER, Aug. 12, 2016 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) announced today that Avi Mirman, CEO and Director, will be a featured presenter at at EnerCom's The Oil & Gas Conference® 21 on Tuesday, August 16, 2016 at 2:20pm MDT, at the Westin Denver Downtown Hotel.
Aug 11, 2016 09:30 am ET
Lilis Energy Appoints Joe Pawelek Vice President of Corporate Finance & Investor Relations
DENVER, Aug. 11, 2016 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) today announced the appointment of Joe Pawelek as Vice President of Corporate Finance and Investor Relations. The Company also announced it has engaged CorProminence LLC as its investor relations firm of record. Mr. Pawelek brings to his role at Lilis Energy exemplary experience across a variety of roles from finance and financial reporting, to preparing and assessing reserves and capital budgeting, to M&A and valuation. Prior to joining Lilis Energy, Mr. Pawelek served as Associate and Head of Business Development at
Jun 24, 2016 12:42 pm ET
Lilis Energy Executes 1:10 Reverse Stock Split – Files for Nasdaq Relisting
DENVER, June 24, 2016 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (OTCQB:LLEX) (OTCQB:LLEXD) today announced that in conjunction with the closing of its merger with Brushy Resources, Inc. it has effected a 1 for 10 reverse stock split of the Company’s common stock and that it has applied for relisting on the Nasdaq Capital Market.   ...
Jun 24, 2016 06:00 am ET
Lilis Energy Closes Merger With Brushy Resources and Completes $20 Million Equity Financing
Expands Company’s Footprint to Permian’s Delaware Basin With Acquisition of 3,458 Core Net Acres...
Jun 15, 2016 08:00 am ET
Lilis Energy Reports $20 Million Convertible Preferred Offering
DENVER, June 15, 2016 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (OTCQB:LLEX) (the “Company”), a domestic oil and gas exploration and production company currently focused in the Denver-Julesburg (DJ) Basin, announced today that it has entered into securities purchase agreements with qualified institutional and certain accredited investors for the private placement of 20,000 shares of its Series B 6.0% Convertible Preferred Stock (the “Preferred Stock”) for gross proceeds of $20 million. Dividends shall be payable quarterly at 6.0% per annum, cumulative; payable on January 1, April 1, July 1,...

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