DENVER, Feb. 27, 2015 (GLOBE NEWSWIRE) -- Lilis Energy (Nasdaq:LLEX) announced today that it has been informed by The Nasdaq Stock Market LLC that, based on the Company meeting the required Board composition rules and the Company's filing of the Form 10-Q on February 26, 2015, for the period ended September 30, 2014, that the Company complies with the periodic filing requirement of Rule 5250(c)(1) and board composition requirement under Rules 5065(b)(1), 5605(c)(2), and 5605(d)(2).
About Lilis Energy, Inc.
Lilis Energy, Inc. is a Denver-based independent oil and gas exploration and production company that operates in the Denver-Julesburg (DJ) Basin, where it holds approximately 93,000 gross, 84,000 net acres. Lilis Energy's near-term E&P focus is to grow reserves and production in its Wattenberg Field acreage targeting the Niobrara benches and Codell Sandstone. For more information, please contact MDC Group (414) 351-9758 or visit www.lilisenergy.com.
Forward-Looking Statements
This press release may include or incorporate by reference "forward-looking statements" as defined by the SEC, including but not limited to statements regarding Lilis Energy's expectations, beliefs, intentions or strategies regarding the future. These statements are qualified by important factors that could cause Lilis Energy's actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to Lilis Energy's ability to finance its continued exploration, drilling operations and working capital needs, and the general risks associated with oil and gas exploration and development, including those risks and factors described from time to time in Lilis Energy's reports and registration statements filed with the SEC.