- Cash reserves of US$2.7M (A$3.8M)
- Permitting commenced for the first well to be drilled in the Powder River Basin
- Ongoing evaluation of additional Powder River Basin prospects encouraging
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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.