News: E2E Eon NRG Announces Commencement Of Permitting Of Its First Well Located In Crook County,..., page-13

Bad CR yes... But it's over know time to look forward...
No point in bagging it know unless of course people want to put other prospective investors of the stock for some reason hurting their own investment whilst doing so....

Late last year the CEO said company changing news was on the way..
From funds from CR we are preparing or have started drilling a well in Govt Kaehne #9-29, located in Wyoming. This will be the first well drilled within Eon’s 15,000-acrePowder River Basin (PRB) lease holding, which was acquired in September of 2018.

The Govt Kaehne #9-29 is considered to be a low risk conventional well targetingproduction of light sweet crude oil from the Sandstone reservoirs of the DakotaFormation (Lower Cretaceous Age) at a depth of ~6,200’. The directionally drilledwell will penetrate the Muddy Formation as a secondary target at a depth of~6,000’.This well will target high quality, oil saturated reservoir, in a structurally high positionrelative to offset wells.

Offset well initial production (IP) rates are prolific (refer to map in ann) and this new well could add significantly to the Company’s existing 530boepd production. The Company holds 100% ownership in all the PRB leases with a12.5% mineral interest royalty burden delivering an 87.5% net revenue interest to Eon.The estimated dry hole cost of the well is $1.2M. The well location has good accessfor transportation and is near the town of Gillette, a major oil service center for thePRB.

The discovery well is listed at 360 BOPD so you would assume the Govt Kaehne #9-29 well may very well be more fruitful than the discovery well and if that's the case then 8-900 BOPD from the company may be reasonable estimate if the new well targets are realised.. That would certainly be company changing and add considerate value to holders..
AIMO
GLTA