EON Resources acquires South Justis Field in Permian Basin for 1M shares; 108 BOPD

EON Resources Inc.

EON Energy acquires 94% working interest in South Justis Field (Lea County, NM) for 1M shares of Class A Common Stock; no cash or debt.
Field currently produces 108 BOPD from 19 wells; estimated $1.2M net annual cash flow; 210M barrels OOIP, 30M produced so far.
EON plans to return 30 idle wells to production within a year, aiming to double or triple output.
Also entered Master Services Agreement with Corsair Well Services for workover services: $500K cash plus 1M shares for initial 4-month period.
Share issuances are unregistered under Section 4(a)(2); shares subject to one-year leak-out restrictions.

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