HNR Acquisition Corp is Now EON Resources Inc.
EON Resources Inc. (NYSE American: EONR), formerly known as HNR Acquisition Corp, has announced its corporate name change and new ticker symbol EONR, effective September 18, 2024. The company, an independent energy firm focused on oil and gas production in the Permian Basin, aims to grow through acquisitions and development of onshore properties in the United States. CEO Dante V. Caravaggio emphasized the company's transition from a SPAC to an operating company and its commitment to profitability and shareholder value. The company's new website is www.EON-R.com, and no action is required from existing stockholders regarding the changes.
EON Resources Inc. (NYSE American: EONR), precedentemente nota come HNR Acquisition Corp, ha annunciato il suo cambiamento di nome societario e il nuovo simbolo di borsa EONR, a partire dal 18 settembre 2024. L'azienda, un
EON Resources Inc. (NYSE American: EONR), anteriormente conocida como HNR Acquisition Corp, ha anunciado su cambio de nombre corporativo y su nuevo símboo de cotización EONR, que entrará en vigor el 18 de septiembre de 2024. La compañía, una firma energética independiente centrada en la producción de petróleo y gas en la Cuenca Pérmica, tiene como objetivo crecer a través de adquisiciones y el desarrollo de propiedades en tierra en los Estados Unidos. El CEO Dante V. Caravaggio enfatizó la transición de la compañía de SPAC a empresa operativa y su compromiso con la rentabilidad y el valor para los accionistas. El nuevo sitio web de la compañía es www.EON-R.com, y no se requiere ninguna acción de los accionistas existentes respecto a los cambios.
EON Resources Inc. (NYSE American: EONR), 이전에 HNR Acquisition Corp로 알려졌던 이 회사는 회사명 변경 및 새로운 티커 심볼 EONR을 발표하였으며, 이는 2024년 9월 18일부터 시행됩니다. 이 회사는 독립 에너지 회사로서 퍼미안 분지에서의 석유 및 가스 생산에 주력하고 있으며, 미국 내 육상 자산의 인수 및 개발을 통해 성장하는 것을 목표로 하고 있습니다. CEO인 Dante V. Caravaggio는 회사가 SPAC에서 운영 회사로의 전환을 강조하며 수익성 및 주주 가치에 대한 헌신을 천명했습니다. 회사의 새로운 웹사이트는 www.EON-R.com이며, 기존 주주들은 변경 사항에 대한 조치를 취할 필요가 없습니다.
EON Resources Inc. (NYSE American: EONR), précédemment connue sous le nom de HNR Acquisition Corp, a annoncé son changement de nom d'entreprise et son nouveau symbole boursier EONR, effectif le 18 septembre 2024. L'entreprise, une société énergétique indépendante axée sur la production de pétrole et de gaz dans le Bassin permien, vise à croître grâce à des acquisitions et au développement de propriétés terrestres aux États-Unis. Le PDG Dante V. Caravaggio a souligné la transition de l'entreprise d'un SPAC à une entreprise opérationnelle et son engagement envers la rentabilité et la valeur pour les actionnaires. Le nouveau site Web de l'entreprise est www.EON-R.com, et aucune action n'est requise de la part des actionnaires existants concernant les changements.
EON Resources Inc. (NYSE American: EONR), früher bekannt als HNR Acquisition Corp, hat seine Änderung des Firmennamens und das neue Ticker-Symbol EONR bekannt gegeben, die am 18. September 2024 in Kraft treten. Das Unternehmen, eine unabhängige Energiefirma, die sich auf die Öl- und Gasproduktion im Permian-Becken konzentriert, hat zum Ziel, durch Übernahmen und die Entwicklung von Onshore-Immobilien in den Vereinigten Staaten zu wachsen. CEO Dante V. Caravaggio betonte den Übergang des Unternehmens von einer SPAC zu einem operierenden Unternehmen und sein Engagement für Profitabilität und Aktionärswert. Die neue Website des Unternehmens ist www.EON-R.com, und von den bestehenden Aktionären sind keine Maßnahmen bezüglich der Änderungen erforderlich.
- Transition from SPAC to operational energy company
- Focus on oil production in the Permian Basin
- Growth strategy through acquisitions and property development
- Emphasis on profitability and increasing shareholder value
- None.
The Name Change to EON Resources Inc. and Change of NYSE Ticker Symbol to EONR Is now Effective as of September 18, 2024
HOUSTON, TX / ACCESSWIRE / September 18, 2024 / EONR (NYSE American:EONR) ("EON" or the "Company") announced that the Company has changed its corporate name from HNR Acquisition Corp to EON Resources Inc.
EON remains as an independent energy company focused on Energy, Oil, Natural Resources, and other aspects of the Energy Industry. Our current focus is as an upstream energy company with producing oil and gas properties in the Permian Basin. Our plans are to grow through acquisition and through the development and enhancement of onshore oil and natural gas properties in the United States.
Effective as of the market open today, September 18, 2024, the Company will be listed under the NYSE American Exchange ticker symbol EONR for its Class A Common Stock and EONR WS for its publicly traded warrants. The CUSIP numbers for each will be unchanged as a result of the name and ticker symbol changes. No action is required by existing stockholders with respect to the name and ticker symbol changes.
The Company's new website URL address is www.EON-R.com.
"The changing of our name to EON Resources Inc. signifies our prior conversion from a Special Purpose Acquisition Company (SPAC) to an operating company in November 2023. The Company is currently focused on oil production in the Grayburg-Jackson Oil Field of the Permian Basin," said Dante V. Caravaggio, CEO and President. "Our plans are to grow EON through acquisition and through the development and enhancement of onshore oil and natural gas properties in the United States. We will continue to emphasize profitability as well as increase value for our shareholders."
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: https://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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