EON Resources (EONR) Corporate presentation summary

Asset base and reserves

• Holds 956 million barrels of original oil in place (OOIP) with plans to triple proven reserves in 3-4 years.

• Proven reserves total 16 million BOE, with additional recovery potential of 50–80 million barrels.

• Operates 550 producing wells and 95 active waterflood patterns, tapping 40% of mapped reserves.

• Property spans ~13,700 gross acres across 23 leases, with 100% working interest and 74% average net revenue interest.

• Located on the Northwest Shelf of the Permian Basin, the region with the largest recoverable reserves in the U.S.

Production and operational strategy

• Production expected to increase by 1,000 barrels per day over the next 24 months.

• Waterflooding in the Seven Rivers zone increased production to 1,400 BOEPD, later stabilized at 900 BOEPD, with further growth targeted.

• Infrastructure upgrades and recompletions underway to boost output and reduce costs.

• Horizontal drilling in the San Andres planned for Q1 2026, with infield drilling to increase well density.

• Scientific approach and AI-driven automation implemented to lower workover costs and enhance efficiency.

Cost management and capital efficiency

• Workover costs per well targeted to drop from $250K to $150K.

• Lease operating expenses averaged $700K per month after Q1 2024.

• G&A costs reduced through lower salaries, insurance, and professional fees, with $1.6M in non-cash acquisition expenses not recurring in 2025.

• 550 existing wells allow recovery of proven reserves without significant new drilling, minimizing upfront capital needs.

• Water recycling initiatives reduce operational costs and reliance on fresh water sources.