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Lilis Energy elects David M. Wood as chairman, Joe Daches as interim CEO

Christian Fernsby | Houston, Tx., USA | June 6, 2019
Lilis EnergyLilis Energy, an exploration and development company, announced that it has elected David M. Wood to serve as chairman and Joe Daches to serve as interim CEO.
Joe Daches, currently Lilis Energy's president and chief financial officer, possesses more than 25 years of experience and expertise directing strategy and growth for small and mid-cap oil and gas companies.

Mr. Daches has guided multiple E&P companies through financial strategies, capital raises, and private and public offerings.

He has also developed, negotiated, and implemented various midstream and infrastructure solutions for multiple oil and gas companies.

Prior to joining Lilis, Mr. Daches held executive roles in multiple upstream and midstream companies.

He joined Lilis in October 2016 and became Executive Vice President, Chief Financial Officer and Treasurer in January 2017.

He has been instrumental in securing over $400 million in various forms of financing, negotiating and constructing a full infrastructure system across the Company’s properties and establishing significant capital market relationships to further enhance the Company’s strategic growth objectives.

Mr. Daches holds a Bachelor of Science in Accounting from Wilkes University in Pennsylvania, and is a certified public accountant in good standing with the Texas State Board of Public Accountancy.

David M. Wood is a certified petroleum geologist and has been directly involved with successful exploration and development operations across five continents including the US.

He was CEO, President and member of the Board of Directors of Murphy Oil Corp., from 2009-2012.

Previously he served as Manager, Frontier Exploration and President of Murphy Exploration and Production, from 1994-2008.

Mr. Wood led the upstream business to a globally operated footprint that experienced a doubling of production over 15 years.

During his 40-year career, Mr. Wood additionally led Ashland Exploration as Vice President—International to a fivefold increase in production from Nigeria, and exploration success and portfolio growth globally, from 1980-1994.