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Company Description (as filed with the SEC)
Lilis Energy, Inc. (NASDAQ: LLEX) ("we," "us," "our," "Lilis Energy," "Lilis," or the "Company") is a Denver-based upstream independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. We were incorporated in August of 2007 in the State of Nevada as Universal Holdings, Inc. In October 2009, we changed our name to Recovery Energy, Inc. and in December 2013, we changed our name to Lilis Energy, Inc. Our current operating activities are focused on the Denver-Julesburg Basin ("DJ Basin") in Colorado, Wyoming and Nebraska. Our business strategy is designed to maximize shareholder value by leveraging the knowledge, expertise and experience of our management team and via the future exploration and development of the approximately 65,000 net acres of developed and undeveloped acreage that are currently held by us, primarily in the northern DJ Basin. ... More ...