other material
confidence high
sentiment neutral
materiality 0.50
HNR Acquisition Corp Extends Business Combination Deadline to November 15, 2023
EON Resources Inc.
- HNRA deposited $120,000 into trust on October 13, 2023 to extend deadline from October 15 to November 15, 2023.
- Extension is the sixth one-month extension under amended charter, with sponsor's designee making the deposit.
- HNRA previously announced intent to acquire Pogo Resources LLC, which operates 13,700 acres and 550 wells in New Mexico.
- Current production from Pogo fields is approximately 1,400 barrels of oil equivalent per day, with target of 4,000 boe/d in three years.
- Company will file a proxy statement for the proposed business combination with Pogo.