Eon NRG Limited (ASX:E2E) (OTCMKTS:ICRMF) ("Eon" or the "Company") reports the recompletion of a well in the Silvertip Oil and Gas Field, Wyoming which was successfully perforated and brought into production on 8th of February.

The 35-28F was perforation in a shallow gas reservoir. The recompletion was completed on budget and on time and with the excellent results below has an expected payout in 30 days.

It has recorded a 15-day average initial production (IP) flow rate of 300,000 cu ft/d on a 12/64" choke with a stabilized flowing casing pressure of 450 PSI.

Numerous other re-completion opportunities have been identified in Silvertip, following these results and further analysis is now in progress.

The company is working towards acquiring high impact energy exploration project(s) with substantial upside and company changing opportunities to add to its mature cashflow portfolio of long life producing assets.


About EON NRG Ltd

EON NRG Ltd (ASX:E2E) is an USA onshore focused energy exploration and production company. The Company's growth path is through drilling of high impact oil exploration wells, supported by its 100% owned and operated long life oil and gas production assets and associated cashflow. The company also has a battery minerals division with prospective leases in Nevada which are at the early stages of low cost exploration.

   

Contact

Simon Adams
CFO / Company Secretary
Email: sadams@i-og.net
Phone: +61-8-6144-0590
Web site: www.eonnrg.com

John Whisler
Managing Director
Email: jwhisler@i-og.net
Denver Head Office: +1-720-763-3183

Twitter: @EonNRG



Link: Silvertip Recompletion update



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