Lilis Energy plan confirmation and effective date deadlines extended

By Caroline Salls

Pittsburgh, Sept. 8 – Lilis Energy, Inc. has entered into a fourth amendment to its debtor-in-possession credit agreement, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

Under the amendment, the company’s deadlines for obtaining confirmation of a plan of reorganization and for the plan effective date to occur have been extended.

Specifically, the plan must be confirmed by no later than 12:59 a.m. on Nov. 11 and must take effect no later than 12:59 a.m. on Nov. 18.

Lilis is a Fort Worth-based independent oil and gas exploration and production company that operates in the Permian’s Delaware Basin. The company filed bankruptcy on June 28 in the U.S. Bankruptcy Court for the Southern District of Texas under Chapter 11 case number 20-33274.

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