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Battalion Oil Announces Operations And Financial Update

Author: Benzinga Newsdesk | January 29, 2024 10:16am

Acid gas injection ("AGI") well is projected to be injecting by end of the first quarter 2024
Recent two well pad was drilled and completed under budget and the wells have IP'd above type curve at 1,964 BOEPD and 1,711 BOEPD respectively (71% oil) with production still inclining
Approximately $61MM cash on hand to fund operations
Additional equity commitment of $20MM uncalled at current time
Recently announced merger with Fury anticipated to close as outlined in the Merger Agreement

Posted In: BATL