Replies to post #17239 on Value Microcaps Junior Energy

[Bobwins]

LLEX +.87 to 4.57

Big pop today for Lilis Energy. Only catalyst I could find is new presentation they posted today.

They drilled two wells and promised results by year end but in the presentation, they say that the first well has been fracked but wont have test results till end of January, early February. Second well just being fracked soon. So they are behind but guided for 12/31/17 exit production of 4300boepd from 459boepd at 9/30/16.

Presentation shows how cheap they acquired their acreage. $4100/acres vs surrounding acreage that was just sold for 47K/acre.

https://www.sec.gov/Archives/edgar/data/1437557/000114420417003610/v457365_ex99-1.htm