Slide 1: EON Resources Inc. South Justis Field – June 2025
EON Resources Inc. South Justis Field – June 2025 NYSE American: EONR https://www.EON - R.com/
Slide 2: Presenters and Management Team
Presenters and Management Team • Michael J. Porter – Investor Relations • Dante V. Caravaggio – CEO • Mitchell B. Trotter – CFO • Jesse J. Allen – VP of Operations • David M. Smith – General Counsel 2
Slide 3: Acquisition Highlights
Acquisition Highlights • Asset purchased on June 20, 2025 • Located in Lea County, New Mexico near our LHO operation • In the Central Basin of the prolific Permian Basin • Purchase price of 1.0 million shares of Class A Common Stock • Estimated $1.2 million in net annual cash flow • Minimal impact t
Slide 4: Profile
Profile • 5,360 acres with 208 producing wells and injection wells • 108 barrels of oil per day (“BOPD”) from 19 actively producing wells • Original Oil in Place (“OOIP”) was 210 million barrels of oil • 30 million barrels produced to date • PDP net oil of 150 MBBL and PDNP net oil of 361 MBBL • EON
Slide 5: Decline Curve Analysis (PDP & PDNP)
South Justis Field – Decline Curve Analysis (PDP & PDNP) 5
Slide 6: History and Development Plans
History and Development Plans • Initial production in the 1960’s was 6,000 BOPD • Historically has had a low decline rate curve • Produced 250 BOPD before wells went offline with mechanical issues • The 15 million barrels of recoverable reserves to be developed with existing well recompletions and n
Slide 7: Economics Estimated Cash Flow Impact
Economics 7 Estimated Cash Flow Impact Current Production Incremental Increase Proforma per Month Gross BOPD 108 100 208 NRI percentage 82% 82% 82% Net BOPD 89 82 171 Net monthly production 2,694 2,494 5,188 Average oil price 70.00$ 70.00$ 70.00$ Oil revenues per month 188,559$ 174,592$ 363,151$ Pro
Slide 8: Summary
Summary • Increases Oil in Place by 20% • Increases acreage in the Permian by 33% • Increases production by 10% • Significant upside • Reactivation of idle wells • Potential drilling in the future • We got a very good deal 8
Slide 9: Questions & Thank You for Attending
Questions & Thank You for Attending NYSE American: EONR https://www.EON - R.com/
Slide 10: Technical Data Appendix
Technical Data Appendix
Slide 11: Field Maps
South Justis Field – Field Maps (approx. 60 miles S. of Hobbs) 11 Grayburg - Jackson Field in T17S - R31E (~100 miles away)
Slide 12: Decline Curve Analysis (PDP)
South Justis Field – Decline Curve Analysis (PDP) 12
Slide 13: PDP NPV10 = $2.940 MM (per Seller)
South Justis Field – PDP NPV10= $2.940 MM (per Seller) 13 Team Operating analysis PDP as is case @ 46 BOPD and $71.53/ bbl & $3.79/MCF
Slide 14: PDP NPV10 = $2.900 MM (EON Analysis)
South Justis Field – PDP NPV10= $2.900 MM (EON Analysis) PDP as is case at 46 BOPD @ $71.53/ bbl & $3.79/MCF 14
Slide 15: PDP NPV10 = $2.294 MM (EON Analysis)
South Justis Field – PDP NPV10= $2.294 MM (EON Analysis) 15 PDP as is case at 46 BOPD @ $64.25/ bbl & $3.79/MCF Same as previous slide but reduced oil price from $71.53/ bbl to $64.25/ bbl Previous NPV10 $2.900 MM New NPV10 $2.294 MM
Slide 16: PDNP NPV10 = $7.264 MM (EON Analysis)
South Justis Field – PDNP NPV10= $7.264 MM (EON Analysis) 16 Previous case but increase oil rate from 46 BOPD to 150 BOPD. New NPV10= $7.264 MM
Slide 17: PDNP NPV10 = $12.107 MM (EON Analysis)
South Justis Field – PDNP NPV10= $12.107 MM (EON Analysis) 17 New NPV10= $12.107 MM This is a “what if” case getting from 150 bopd to 250 bopd which would be the approximate level as in 1/1/2020
Slide 18: Disclaimer
Disclaimer • This presentation of EON Resources Inc . (“EON” or the “Company”) shall not constitute a “solicitation” as defined in Rule 14 a - 1 of the Securities Exchange Act of 1934 , as amended . • This presentation is not an offer, or a solicitation of an offer, to buy or sell any investment or
Slide 19: Disclaimer – Forward-Looking Statements
Disclaimer • Forward - Looking Statements • Statements in this presentation which are not statements of historical fact are “forward - looking statements” . Our forward - looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, belief