DENVER, Nov. 27, 2013 (GLOBE NEWSWIRE) — Recovery Energy, Inc. (Nasdaq:RECV), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 112,000 net acres, announced that its shareholders voted and approved to change the corporate name to Lilis Energy, Inc. The Company’s new ticker symbol will be: LLEX, trading on NASDAQ, and is scheduled to take effect on December 2, 2013. The new corporate website URL will be: lilisenergy.com, effective in December 2013. Until announced, the current website: recoveryenergyco.com will remain active.
The company’s near term drilling program will focus on low risk, conventional offsets to existing Niobrara and Codell production on two prospect areas in the Wattenberg field.
The company also plans to run an additional 20 square miles of 3D seismic at its Stateline and Pine Bluffs prospect areas in Laramie County, Wyoming, and Kimball and Banner Counties, Nebraska. The team will be reviewing and interpreting the potential for the Niobrara, Codell, Greenhorn, ‘J’ sandstone and Permo-Penn horizons.
For more information visit the companies website at: http://www.recoveryenergyco.com/exploration-a-production/eap-spotlight