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EON R built its first vertical well out of its 92-well program. The company's current business is repairing old wells and putting them back to work; they own hundreds of wells. Last year, they entered into an agreement with Virtus Energy, under which Virtus will fund the construction of the first three vertical wells. I was and I am still an investor in EON R; the fundamentals are there. The only negative side is that the company still hasn't filed …
— ORIGINAL POST ·
EON Resources spuds first well in 92-well Permian program
· r/pennystocks
· Aug 26, 2026