EON Resources prioritizes San Andres horizontal drilling in development strategy

• EON Resources outlined plans to prioritize horizontal drilling in the San Andres formation at Grayburg-Jackson Field, targeting producing reserves and cash flow.
• The initial development phase requires an estimated $15 million to $25 million for its proportionate share.
• Successful development could generate approximately $95 million in future proved developed producing PV-10 value; this is not currently established SEC-qualified reserves.
• A registration statement covers 20 million common shares under the $150 million White Lion equity line, with $138.87 million remaining.
• The capital allocation benchmark targets at least $2 in additional PDP PV-10 reserve value per new common share issued, without guaranteeing dilution offsets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EON Resources Inc. published the original content used to generate this news brief on October 30, 2026, and is solely responsible for the information contained therein.