ELLIPSIS U.S. ONSHORE HOLDINGS ANNOUNCES STRATEGIC ACQUISITIONS AND FARMOUT AGREEMENT TO EXPAND NON-OPERATED PORTFOLIO
1. Ellipsis expands its assets through acquisitions and farmout agreement. 2. Acquired assets in the Permian Basin produce 4,000 barrels of oil daily. 3. Farmout agreement with BSM covers 270,000 acres in East Texas. 4. Ellipsis aims for disciplined, capital-efficient growth in non-operated interests. 5. Increased production expected with additional wells over five years.