EON Resources preliminary assessment: up to 20 MMbo, 16 Bcf potential from horizontal San Andres wells

EON Resources Inc.

Preliminary assessment identifies 50 horizontal well locations with potential recovery of 20 MMbo and 16.4 Bcf of natural gas.
Average EUR 397,000 bo per 5,000-ft lateral; well cost $3.75M; projected IRR 120.1%, ROI 3.3.
Existing proven reserves: 15 MMbo and 3 Bcf; plans to permit 12 San Andres horizontal locations by late 2025/early 2026.
Assessment based on 250 well control points and analog field analysis; management cites favorable permitting outlook under new administration.

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