Quarterly Activities Report
Perth, July 31, 2018 AEST (ABN Newswire) - EON NRG Ltd (ASX:E2E) (ICRMF:OTCMKTS) provides the Company's Quarterly Activities Report for the period ended 30 June, 2018.
HIGHLIGHTS
- Drilling prospects within the Minnelusa Formation, Powder River Basin, Wyoming are under review
- Enhanced oil recovery (EOR) waterflood was carried out in the Borie Field to increase production and extend the field life, with will result in an increase in reserves
- Oil and gas production from the Silvertip Field increased in Q2-18
- Price received from heavy oil produced in California oilfields received a premium above WTI
- Year to date net operating cash flow surplus
- Eon Battery Minerals Division (Cobalt, Vanadium, Copper) has further acquisition opportunities under review
To view the full report, please visit:
http://abnnewswire.net/lnk/G723UB3D
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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