EON Resources outlines plan to add $40M shareholder value via Term ORRI and seller settlement

EON Resources Inc.

Company will use Term ORRI (oil production) to pay $22M seller consideration, adding $40M net value with no stock dilution.
Settlement eliminates $19M note (18% interest) for $7M cash and $24M+ preferred stock for 3M shares; net value increase of $40M.
Production stabilized at ~1,000 BOPD; plans to drill 12 horizontal wells (400 BOPD each) and add 158 waterflood patterns.
Senior debt reduced from $28M to $21M; $2.9M debt retired via convertible notes; annual cost cuts of $2.4M.
Management to seek shareholder approval for converting loans to notes and taking salary in stock; will buy stock when blackout lifts.

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