Core Insights - Two stocks in the energy sector are showing signs of being overbought, which may concern momentum-focused investors [1] Group 1: Brooge Energy Ltd (BROG) - Brooge Energy received a Nasdaq non-compliance letter on June 5 [2] - The stock has increased approximately 82% over the past month, reaching a 52-week high of $6.66 [2] - The RSI value for Brooge Energy is 83.55, indicating it is overbought [2] - On the latest trading day, shares gained 14.9% to close at $1.77 [2] Group 2: Battalion Oil Corp (BATL) - Battalion Oil amended its merger agreement with Fury Resources for an acquisition at $7.00 per share in cash [3] - The stock has risen around 17% over the past month, with a 52-week high of $9.69 [3] - The RSI value for Battalion Oil is 83.48, also indicating it is overbought [3] - On the latest trading day, shares fell 3.6% to close at $2.94 [3]

Core Points - Battalion Oil Corporation has entered into a merger agreement with Fury Resources, Inc., where Fury will acquire all outstanding shares of Battalion's common stock for $7.00 per share in cash [1] - The transaction is expected to close in the fourth quarter of 2024, pending stockholder approval and other closing conditions [2] - Fury Resources has secured capital commitments totaling $200 million in debt, $188 million in preferred stock, and $160 million in equity to facilitate the acquisition [2] Company Overview - Battalion Oil Corporation is an independent energy company focused on the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States [6] - Fury Resources, Inc. is a privately held exploration and production company targeting value creation through asset acquisition and exploitation in the Permian Basin [7] Shareholder Involvement - Luminus Management and Oaktree Capital Management, owning 61.61% of Battalion's common stock, have agreed to vote in favor of the merger, representing 38% of the total voting power [3] - The Rollover Stockholders will exchange their preferred shares for new preferred shares of Fury, indicating strong institutional support for the transaction [1][4] Management Commentary - Fury's Co-Founder and Chairman expressed confidence in the acquisition, highlighting the potential for rapid scaling and significant returns for investors [4] - Battalion's CEO acknowledged the efforts of both teams in reaching the merger agreement, emphasizing the focus on achieving the best outcome for shareholders [5]

Battalion Oil Corporation (BATL) faced challenges in second-quarter 2024, with the company's financial results reflecting ongoing pressures from declining production and lower natural gas prices.Despite these hurdles, BATL has managed to control costs effectively, supported by the operationalization of its new acid gas injection facility. As the company navigates these difficult conditions, its strategic initiatives, including a significant drilling campaign and ongoing merger discussions with Fury Resource ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35467 | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------|------- ...

Exhibit 99.1 Battalion Oil Corporation Announces Second Quarter 2024 Financial and Operating Results HOUSTON, TEXAS – August 14, 2024 – Battalion Oil Corporation (NYSE American: BATL, "Battalion" or the "Company") today announced financial and operating results for the second quarter of 2024. Key Highlights ● AGI facility online and treated 1.82 Bcf for the second quarter 2024 reducing operating expenses by $4.26/Boe compared to the first quarter 2024 ● On August 12, 2024, the AGI facility processed 26.6 MM ...

HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the second quarter of 2024. Key Highlights AGI facility online and treated 1.82 Bcf for the second quarter 2024 reducing operating expenses by $4.26/Boe compared to the first quarter 2024On August 12, 2024, the AGI facility processed 26.6 MMcf/d which allowed the Company to return wells to production and realize approximately 7,500 Bbls ...

NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies. Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process: Battalion Oil Corporation (NYSE:BATL) clic ...

Zacks Investment Research has recently initiated the coverage of Battalion Oil Corporation (BATL) , assigning an “Underperform” rating to the stock. This decision reflects ongoing challenges in the company’s operations and financial metrics.Battalion Oil's financial performance has been under pressure, with the first quarter of 2024 continuing a troubling trend. The company's operating revenues fell 23.3% year over year to $49.9 million on lower production volumes and reduced realized prices. Average daily ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35467 | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------|------ ...

Exhibit 99.1 Battalion Oil Corporation Announces First Quarter 2024 Financial and Operating Results HOUSTON, TEXAS – May 15, 2024 – Battalion Oil Corporation (NYSE American: BATL, "Battalion" or the "Company") today announced financial and operating results for the first quarter of 2024. Key Highlights ● Previously announced AGI project online in Q1 2024 and achieved new record of 32 MMcf/d of throughput ● Drilled and completed two wells in Monument Draw in Q1 2024 ● Generated first quarter 2024 sales volum ...