EON NRG Ltd (
Investment Drivers
Near Term Development Potential
- Drive value accretion through development of high impact prospects
- Portfolio of development opportunities within current asset base
- Seeking to acquire new prospects with development potential
- Proven operators
- Management has experience of planning and implementing drilling programs in multiple US Basins
Strategy underwritten by cash flow
- Strong cash flow from existing assets to cover overhead operating costs
- Now looking to move into development phase of growth
- Diversify exposure to the broader "Energy" market by developing a minerals exploration division (focusing on Battery Minerals - Cobalt, Vanadium)
Profitable Producer
- The Group has recorded more 7 years of positive EBITDA including 2017
- The Group has recorded a positive Operating Cash Flow for more than five years including 2017
- All oil and gas fields operated by Eon have been and continue to be cash flow positive
Long Life Fields
- Reserves have been replenished through acquisitions and in-field development
- Reserve life of all fields operated by Eon are more than 15 years (certified by independent reservoir engineer)
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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 AdamsCFO/Company Secretary
Phone: +61-8-6144-0590
Email: sadams@i-og.net
John Whisler
Managing Director
Denver Head Office: +1-720-763-3183
Email: jwhisler@i-og.net
Website: www.eonnrg.com
Twitter: @EonNRG
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