Lilis Energy Reports Second Quarter 2019 Operating and Financial Results and Provides Third Quarter Guidance
LILIS ENERGY (LLEX)
Last lilis energy earnings: 11/7 05:24 pm
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Source: GlobeNewswire
HOUSTON, Aug. 08, 2019 (GLOBE NEWSWIRE) -- 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 Quarter 2019 Highlights Increased net sales production volumes by 32% to 6,341 Boepd, including a 50% increase in crude oil production to 3,925 Bopd, for the three months ended June 30, 2019, as compared to the same period in 2018Decreased net loss to $8.6 million, or $0.09 per share for the three months ended June 30, 2019, from $33.7 million, or $0.53 per share for the same period in 2018Generated an adjusted EBITDAX (non-GAAP) of $11.4 million for the quarter, a 38% increase, as compared to $8.3 million in the second quarter of 2018Completed 3 of the 5 2018 DUC wells: the Haley #1H, Haley #2H, and the NE Axis #2H. The Haley #1H and the Haley #2H began flowing to sales in April and the NE Axis #2H in
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