EON Resources Inc. - Chairman and CEO Issues Letter to Shareholders
EON Resources Inc. (NYSE American: EONR), an independent upstream energy company with oil and gas properties in the Permian Basin, has issued a letter to shareholders on September 23, 2024. The letter, which details current business activities and future plans, is available on the company's website under the Governance section of the Investor Relations page. Shareholders and interested parties can access the letter through the provided link: EON Shareholder Letters, or by visiting the company's official website at www.EON-R.com.
EON Resources Inc. (NYSE American: EONR), un'azienda indipendente del settore energetico upstream con proprietà di petrolio e gas nel Permian Basin, ha inviato una lettera agli azionisti il 23 settembre 2024. La lettera, che descrive le attuali attività aziendali e i piani futuri, è disponibile sul sito web dell'azienda nella sezione Governance della pagina delle Relazioni con gli Investitori. Gli azionisti e le parti interessate possono accedere alla lettera tramite il link fornito: Lettere agli Azionisti EON, oppure visitando il sito ufficiale dell'azienda all'indirizzo www.EON-R.com.
EON Resources Inc. (NYSE American: EONR), una compañía energética independiente del sector upstream con propiedades de petróleo y gas en el Permian Basin, ha emitido una carta a los accionistas el 23 de septiembre de 2024. La carta, que detalla las actividades comerciales actuales y los planes futuros, está disponible en el sitio web de la compañía en la sección de Gobernanza de la página de Relaciones con Inversores. Los accionistas y partes interesadas pueden acceder a la carta a través del enlace proporcionado: Cartas a los Accionistas de EON, o visitando el sitio web oficial de la compañía en www.EON-R.com.
EON Resources Inc. (NYSE American: EONR), Permian Basin에 석유 및 가스 자산을 보유한 독립적인 업스트림 에너지 회사가 2024년 9월 23일에 주주들에게 서한을 발송했습니다. 현재의 사업 활동과 향후 계획을 상세히 설명하는 이 서한은 회사 웹사이트의 투자자 관계 페이지의 거버넌스 섹션에서 확인할 수 있습니다. 주주 및 이해관계자는 제공된 링크: EON 주주 서한을 통해, 또는 회사의 공식 웹사이트인 www.EON-R.com을 방문하여 서한에 접근할 수 있습니다.
EON Resources Inc. (NYSE American: EONR), une entreprise indépendante d'énergie upstream avec des propriétés pétrolières et gazières dans le Permian Basin, a émis une lettre aux actionnaires le 23 septembre 2024. La lettre, qui détaille les activités commerciales actuelles et les plans futurs, est disponible sur le site Web de l'entreprise dans la section Gouvernance de la page Relations avec les Investisseurs. Les actionnaires et les parties intéressées peuvent accéder à la lettre via le lien fourni : Lettres aux Actionnaires EON, ou en visitant le site officiel de l'entreprise à l'adresse www.EON-R.com.
EON Resources Inc. (NYSE American: EONR), ein unabhängiges Unternehmen der upstream-Energiebranche mit Öl- und Gasressourcen im Permian Basin, hat am 23. September 2024 einen Brief an die Aktionäre ausgegeben. Der Brief, der die aktuellen Geschäftstätigkeiten und zukünftige Pläne detailliert, ist auf der Unternehmenswebsite im Bereich Governance der Seite für Investor Relations verfügbar. Aktionäre und Interessierte können den Brief über den bereitgestellten Link: EON Aktionärsbriefe, oder durch den Besuch der offiziellen Website des Unternehmens unter www.EON-R.com aufrufen.
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HOUSTON, TX / ACCESSWIRE / September 23, 2024 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company issues a letter to the shareholders on current business activity and plans.
The letter can be found on the EON website under Governance section of the Investor Relations page. Link: EON Shareholder Letters and the EON website link: www.EON-R.com
About the Oil Field Property
In November 2023, the Company acquired LH Operating, LLC ("LHO") including its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico.
Leasehold rights of LHO, now a wholly owned subsidiary of the Company, include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2023 reserve report from our third-party engineer, William H. Cobb and Associates, Inc. ("Cobb"), reflects LHO to have proven reserves of approximately 15.4 million barrels of oil and 3.5 billion cubic feet of natural gas. The mapped original-oil-in-place ("OOIP") in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956,000,000 barrels of oil.
Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes we may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a slow decline rate.
About EON Resources Inc.
EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON's long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties.
EON's Class A Common Stock trades on the NYSE American (NYSE American: EONR) and our public warrants trade on the NYSE American (NYSE American: EONR WS). For more information on EON, please visit the Company's website: www.EON-R.com
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as "expects," "believes," "anticipates," "intends," "estimates," "seeks," "may," "might," "plan," "possible," "should" and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see www.edgar-online.com) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Investor Relations
Michael J. Porter, President
PORTER, LEVAY & ROSE, INC.
mike@plrinvest.com
SOURCE: EON Resources Inc.
View the original press release on accesswire.com
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