2018 Annual Report
Perth, April 1, 2019 AEST (ABN Newswire) - The Directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'Group') consisting of Eon NRG Limited (
ASX:E2E) (also referred to hereafter as the 'Company' or 'parent entity' or 'Eon') and the entities it controlled at the end of, or during, the year ended 31 December 2018.
PRINCIPAL ACTIVITIES
Eon NRG Limited is an onshore oil and gas exploration and production company which is focused on developing assets in the USA. The Group has a mix of exploration and producing assets which provide strong growth potential as well as long-life oil and gas production assets with positive cash flow to support the development operations.
The Company has diversified its business through the acquisition of 840 acres of battery mineral exploration claims in Nevada which provide a secondary exploration opportunity. Low cost exploration work is continuing on these claims.
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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.
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