Lilis Energy, Inc. announced 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. The Prizehog BWX State Com #1H is Lilis's sixth successful operating horizontal Wolfcamp B well in the Permian's Delaware Basin. The Prizehog #1H's 4,720 ft lateral was completed with 24 stages of 200 ft plug-to-plug spacing with approximately 2,040 lbs. of sand per ft. More importantly, this well is an additional data point that further delineates the Company's eastern most acreage. The company plans to continue developing its New Mexico acreage with two additional wells scheduled in the first quarter of 2018. The company expects that it will likely target the Wolfcamp A formation for these wells. In addition, the company also plans to continue delineating its acreage geographically to the east and drilling additional benches in its Texas properties in the coming months.