HNR’s name change to EON Resources Inc. and a new ticker symbol, “EONR,” will take effect when trading commences on Sept. 18. (Source: Shutterstock, Accesswire)
HNR Acquisition Corp.’s board of directors has approved changing the company's corporate name to EON Resources Inc.
HNRA will continue as EON as an independent energy company focused on energy, oil, natural resources and other aspects of the energy industry. The effective date for the name change will be Sept. 18. The company has reserved with the New York Stock Exchange American Exchange the ticker symbol “EONR” for its Class A common stock and “EONR WS for its publicly traded warrants”
HNRA is currently focused on upstream energy oil and gas production in the Permian Basin. HNRA’s first acquisition was the Grayburg-Jackson oil field, which is a waterflood property operated by the HNRA subsidiary LH Operating (LHO). The Grayburg-Jackson oil field is located on the Northwest Shelf of the Permian Basin in Eddy County, New Mexico.
LHO’s holdings include 13,700 contiguous leasehold acres, 342 producing wells, 207 injection wells and one water source well.
“Our plans are to grow through acquisition and through the development and enhancement of onshore oil and natural gas properties in the United States,” the company said in an Aug. 29 press release.
The company's new website address, effective when trading commences under the new name and ticker symbols, will change to www.EON-R.com.
"The changing of our name to EON Resources Inc. signifies our prior conversion from a special purpose acquisition company (SPAC) to an operating company in November 2023. The company is currently focused on oil production in the Grayburg-Jackson Oil Field of the Permian Basin," said Dante V. Caravaggio, CEO and president. "Our plans are to grow EON through acquisition and through the development and enhancement of onshore oil and natural gas properties in the United States. We will continue to emphasize profitability as well as increase value for our shareholders."
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