Le Lézard
Classified in: Business
Subject: FINANCING AGREEMENTS

Epsilon Announces Final Closing of a Previously Disclosed Transaction


HOUSTON, June 20, 2023 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. ("Epsilon" or the "Company") (NASDAQ: EPSN) today reported the final closing of an investment in Ector County, Texas.

Epsilon closed on a 25% working interest on the 11,076 acre position previously mentioned in the press release dated May 16, 2023. The Company now holds a 25% working interest in 12,373 gross acres located in Ector County, Texas, operated by a Midland-based private operator.

The total consideration net to Epsilon for the investment, including estimated 2023 capital expenditures, is approximately $14 million.

About Epsilon

Epsilon Energy Ltd. is a North American on-shore focused independent exploration and production company engaged in the acquisition, development, gathering and production of oil and gas reserves. Our primary area of operation is the Marcellus basin in Northeast Pennsylvania complemented by additional upstream assets in the Permian and Anadarko basins. For more information, please visit www.epsilonenergyltd.com, where we routinely post announcements, updates, events, investor information, presentations and recent news releases.

Forward-Looking Statements

Certain statements contained in this news release constitute forward looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", ?may", "will", "project", "should", ?believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated. Forward-looking statements are based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this news release should not be unduly relied upon.

Contact Information:

281-670-0002

Jason Stabell
Chief Executive Officer
[email protected]

Andrew Williamson
Chief Financial Officer
[email protected]



These press releases may also interest you

at 11:38
Brand new conference brings fintech professionals from across Asia together in Singapore
Singapore is set to become the epicentre of financial technology innovation and collaboration as it hosts the inaugural Asia FinTech Conference and the prestigious Asia FinTech Awards, produced by Fintech Intel. Taking place on 22 and 23 August...

at 11:35
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates OSG, IBTX, AGR, SSB
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:...

at 11:32
Subeca Raises $6M Series A to Scale Deployment of Low-Cost, Easy-to-Use Water Technology
Subeca, an innovative internet of things (IoT) startup that provides low cost and easy to use water technology, raised $6M in Series A funding. The Series A was led by SUEZ, a global leader in digital and circular solutions in waste and water...

at 11:30
Government of Canada unveils National Action Plan on Combatting Auto Theft
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, the Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs, the Honourable Arif Virani, Minister of Justice...

at 11:26
Padgett President Roger Harris Testifies Before House
Roger Harris, president of North American tax and accounting franchise Padgett, testified this month before the House Committee on Small Business. Harris was asked to speak on the small business perspective during a full committee hearing titled,...

at 11:25
Compensation satisfaction: Survey shows nurses' perception of fair pay on the decline
Medical Solutions, which connects nurses and allied health clinicians with hospitals and healthcare systems, has released findings from its annual Voices of Care survey. One key finding reveals that only 42.8% of respondents feel they are paid fairly...

More news about Business...


News published on and distributed by: