AGM Presentation
AGM Presentation
Perth, May 23, 2019 AEST (ABN Newswire) - EON NRG Ltd (ASX:E2E) (OTCMKTS:ICRMF) provides the Company's AGM Presentation.

Achievements in 2018

1. Feb 2018: Announced change of company name to Eon NRG Ltd (ASX ticker changed to E2E).

2. Mar-Apr 2018: Announced diversification of asset portfolio in staking of lode claims in Nevada (adjacent to historic Lovelock Cobalt Mine leases).

3. Apr 2018: Successful gas well recompletion results -Silvertip Field (650 Mcf/d 30-day IP, produced 50,000 Mcf of gas in the first 100 days after recompletion with a 10x ROI.

4. July 2018: acquired 640 acres from State of Wyoming in Powder River Basin (PRB).

5. Repaid $300k off ANB loan which repaid term note in Aug 2018.

6. Sep 2018: 15,000 acres of leases acquired in PRB , 100% working interest (WI), 87.5% net revenue interest (NRI), 10 year lease terms with no drilling commitments, multi stacked reservoirs and outstanding offset production history.

Why do we have confidence in the Govt Kaehne #9-29 well?

- Offset wells have good initial production rates (IP's) and estimated ultimate recovery (EUR)

- Strong water drive which results in higher recovery and lower production decline rates

- 100% working interest and 87.5% net revenue interest

- Well is located in a structurally high position in a reservoir that is oil rich with 30-40' of pay expected in the Dakota Formation

- Directionally drilling the well to intersect the targeted pay

- Close to service town (Gillette) and good access for transportation of the oil from storage

To view the full presentation, please visit:
http://abnnewswire.net/lnk/7VOIFUG8


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

Australia -
Simon Adams
CFO/Company Secretary
Email: sadams@i-og.net
Phone: +61-8-6144-0590

USA -
John Whisler
Managing Director
Email: jwhisler@i-og.net
Phone: +1-720-763-3183

Website: www.eonnrg.com
Twitter: @EonNRG



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