Epsilon Energy Ltd.

Epsilon Energy Ltd. today reported its financial results for the fourth quarter and full-year ended December 31, 2019. Epsilon’s highlights for 2019 and material subsequent events following year end through the date of this release include: Total Revenues of $26.7 million for the year as compared to $29.7 million for the same period of 2018. Net after tax income of $8.7 million for the year as compared to $6.7 [...]

Epsilon Energy Ltd. previously announced in May of 2019 that Epsilon would begin a normal course issuer bid over the course of one year to purchase up to 1,367,762 shares or 5% of outstanding shares. As of today, Epsilon has purchased 696,096 shares for the previously authorized $2.5 million at an average price of $3.59 per share. The Board of Directors has recently authorized an additional US $2.5 million to continue the [...]

Epsilon Energy Ltd. was pleased to have been chosen as one of the presenters at the IDEAS conference in Dallas yesterday. Additionally, as previously announced Epsilon has scheduled a brief Q&A conference call with the management team on Monday November 25th at 10:00am CST to discuss third quarter results. If you wish to call in and listen to the call or join the queue to ask a question, please use the participant [...]

Epsilon Energy Ltd. today reported third quarter 2019 financial and operating results. Michael Raleigh, CEO, commented, “Following the initial flow-back and testing phase the operator turned in-line to sales four lower Marcellus wells on October 30th. Due to one of the wells being drilled shorter than planned, resulting from drilling issues, these four wells contributed 8800’ rather than the originally planned [...]

Epsilon Energy Ltd. today reported recent well completion results. Michael Raleigh, CEO, commented, “As previously announced by the Company, the operator has completed all four lower Marcellus wells which began drilling on June 26th,, 2019. These wells are currently in the flow-back testing phase with gross aggregate production ranging from 45 to 50 MMcf/d. This represents approximately 13 MMcf/d net to [...]

Epsilon Energy Ltd. today reported second quarter 2019 financial and operating results. Michael Raleigh, CEO, commented, “As planned, the operator spud the first of four lower Marcellus wells on June 26th. These wells are planned to be completed in the fall, and we anticipate turning in-line 9,300 net lateral feet to Epsilon in early December. This should have a meaningful impact on 2019 exit rate volumes heading [...]

Epsilon Energy Ltd. is pleased to announce that all the nominees listed in its Proxy Statement, Schedule 14A filed on May 21, 2019 were elected as directors of Epsilon, until the next annual meeting of shareholders. The detailed results of the vote at the annual shareholders meeting held on Wednesday, June 19, 2019 are set out below. At the meeting, the number of directors was set at seven, and BDO USA, LLP was appointed [...]

Epsilon Energy Ltd. is pleased to announce that all the nominees listed in its Proxy Statement, Schedule 14A filed on May 21, 2019 were elected as directors of Epsilon, until the next annual meeting of shareholders. The detailed results of the vote at the annual shareholders meeting held on Wednesday, June 19, 2019 are set out below. At the meeting, the number of directors was set at seven, and BDO USA, LLP was appointed [...]

Epsilon Energy Ltd. today reported first quarter 2019 financial and operating results. Michael Raleigh, CEO, commented, “As previously planned with our operator in NE Pennsylvania, we recently received well proposals to drill and complete four Lower Marcellus wells. The first well is scheduled to spud in June, and the rig will move in a continuous fashion to drill all planned locations. We expect the operator to [...]

Epsilon Energy Ltd. today announced that the Board of Directors has authorized the repurchase of up to 1,367,762 of the outstanding common shares, representing 5% of the outstanding common shares of Epsilon, for an aggregate purchase price of not more than US$2.5 million, pursuant to a normal course issuer bid, during the one-year period commencing on May 20, 2019. The program will end on May 19, 2020 unless the maximum [...]