Lilis Energy, Inc. (LLEX) Files Form 4 Insider Selling : O’sullivan Revocable Livi Sean Sells 167,600 Shares

Lilis Energy, Inc. (LLEX): O’sullivan Revocable Livi Sean , 10% owner of Lilis Energy, Inc. sold 167,600 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $3.23 per share for a total value of $573,700.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 12, 2016, O’sullivan Revocable Livi Sean (10% owner) sold 6,400 shares at $3.00 per share price.On May 21, 2015, Merrill A Mcpeak (director) purchased 10,000 shares at $1.67 per share price.Also, On May 21, 2015, Nuno Brandolini (director) purchased 10,000 shares at $1.64 per share price.

Lilis Energy Inc. (Lilis) is an upstream independent oil and gas company. The Company is engaged in the acquisition drilling and production of oil and natural gas properties and prospects. The Company’s operating activities are focused on the Denver-Julesburg Basin (DJ Basin) in Colorado Wyoming and Nebraska. The Company owned interests in around eight producing wells as well as approximately 67000 gross (65000 net) leasehold acres of which 59000 gross (57000 net) acres are classified as undeveloped acreage. The Company’s primary assets included acreage located in Laramie and Goshen Counties in Wyoming; Banner Kimball and Scotts Bluff Counties in Nebraska; and Weld Arapahoe and Elbert Counties in Colorado. It is primarily engaged in acquiring companies and production across North America. It develops its North and South Wattenberg Field assets which include unconventional reservoir drilling opportunities in mature development areas with Niobrara and Codell formation.

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