Eon Resources Inc. · AMEX:EONR
Eon Resources — Merger or Acquisition (June 2025)
19 slides from Eon Resources's merger presentation, June 2025
Slide 1: EON Resources Inc. – South Justis Field
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: South Justis Field – 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
Economics Price per Flowing Barrel Current Incremental Proforma per Estimated Cash Flow Impact Purchase price shares 1,000,000 Production Increase Month VWAP average (week) 0.525 Gross BOPD 108 100 208 Share value at closing $ 525,000 NRI percentage 82% 82% 82% Gross BOPD 108 Net BOPD 89 82 171 Pric
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: South Justis Field – Field Maps
South Justis Field – Field Maps (approx. 60 miles S. of Hobbs) Grayburg-Jackson Field in T17S- R31E (~100 miles away) 11
Slide 12: South Justis Field – 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) Team Operating analysis PDP as is case @ 46 BOPD and $71.53/bbl & $3.79/MCF 13
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) 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 15
Slide 16: PDNP NPV10= $7.264 MM (EON Analysis)
South Justis Field – PDNP NPV10= $7.264 MM (EON Analysis) Previous case but increase oil rate from 46 BOPD to 150 BOPD. New NPV10= $7.264 MM 16
Slide 17: PDNP NPV10= $12.107 MM (EON Analysis)
South Justis Field – PDNP NPV10= $12.107 MM (EON Analysis) This is a “what if” case getting from 150 bopd to 250 bopd which would be the approximate level as in 1/1/2020 New NPV10= $12.107 MM 17
Slide 18: Disclaimer
Disclaimer • This presentation of EON Resources Inc. (“EON” or the “Company”) shall not constitute a “solicitation” as defined in Rule 14a-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 other
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, beliefs, inte