HNRA extends business combination deadline to September 15, 2023; reiterates Pogo acquisition

EON Resources Inc.

Sponsor's designee deposited $120,000 into trust to extend deadline from August 15 to September 15, 2023.
Company still intends to acquire all equity of Pogo Resources LLC for Grayburg-Jackson oil field in Permian Basin.
Pogo fields have 13,700 leasehold acres, 550 total wells (343 producing, 207 injection), current production ~1,400 BOE/d.
Management expects to increase production to nearly 4,000 BOE/d within 3 years per reserve report by William Cobb & Associates.

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