2 Nov 2018resource reserve update▲ GoodMajor
Lilis reported Q3 2018 production up 234% and proved reserves up 308% year-over-year (to 46.7 MMBOE) as its Permian Basin drilling program ramped, with Chairman Ronald Ormand now also serving as CEO - real operational proof the post-Brushy turnaround strategy was working, filed as an earnings release rather than the asset transaction its event type implied.