EON Resources Inc. Announces Completion of Preliminary Assessment Which Could Potentially Yield Up to 20 Million Untapped Barrels of Oil via Horizonal Drilling in the Lower Intervals of the San Andres Formation
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EON Resources Inc. has completed a preliminary assessment indicating the potential to recover up to 20 million barrels of oil and 16 billion cubic feet of natural gas through horizontal drilling in the San Andres Formation.
February 26, 2025 | 12:15 pm
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POSITIVE IMPACT
EON Resources Inc. has identified a significant opportunity to recover up to 20 million barrels of oil and 16 billion cubic feet of natural gas in the San Andres Formation, which could enhance its asset base and future revenues.
The completion of a preliminary assessment revealing significant untapped resources suggests a potential increase in EONR's asset value and future revenue streams. This news is likely to positively impact the stock price in the short term as investors anticipate increased production capabilities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100