Battalion Oil Q2 2024 net loss $8.7M; Fury merger offer reduced to $7.00/share

BATTALION OIL CORP

2024-Q2 EPS reported -$2.77 revenue$98,974,000

Q2 2024 revenue $49.1M, down from $54.3M YoY; production 12,857 Boe/d.
Net loss available to common $8.7M ($0.53/share); adjusted net loss $13.2M ($0.80/share).
Adjusted EBITDA $15.6M vs $16.8M in Q2 2023; AGI facility reduced operating costs.
Fury Resources proposed cutting merger consideration from $9.80 to $7.00/share.
Proposal contingent on 100% rollover of existing preferred equity; Board reviewing.

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