Epsilon Energy Ltd.

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 [...]

Epsilon Energy Ltd. today reported its financial results for the fourth quarter and full-year ended December 31, 2018. Michael Raleigh, CEO, commented, “As we guided in February, we recently turned four wells to sales in Pennsylvania which are currently contributing more than 5 MMcf/d net to our working interest. We anticipate exiting the first quarter of 2019 with 27 MMcf/d of natural gas production in Pennsylvania [...]

Epsilon Energy Ltd. announced today that, further to its February 19, 2019 news release, as the common shares of Epsilon are now trading on the NASDAQ Global Market, Epsilon has applied to voluntarily delist its common shares from the Toronto Stock Exchange effective as of the close of trading on March 15, 2019. The directors of the Company believe that the NASDAQ listing provides its shareholders with a sufficiently [...]

Epsilon Energy Ltd. today announced that its board of directors has approved a $20 to $25 million capital budget for 2019 which is expected to be fully funded from operational cash flow. The Company forecasts this capital program to generate 30% growth in production. The Company has liquidity of $35MM and does not anticipate utilizing funds from its undrawn credit facility. In the Marcellus Shale, the operator expects to [...]

Epsilon Energy Ltd. announced that its common shares have been approved for listing on the Nasdaq Global Market. The common shares are expected to begin trading on the NASDAQ under the ticker symbol “EPSN” today, February 19, 2019. Upon commencement of trading on the NASDAQ, the Company’s common shares will cease trading on the OTCQB market. “This marks an important milestone for Epsilon and its [...]