Epsilon Energy Ltd. today reported third quarter 2020 financial and operating results and material subsequent events following the end of the quarter through the date of this release. Net cash provided by operations of $3.8 million and $12.1 million for the three and nine months ended September 30, 2020, respectively, with free cash flow of $2.4 million and $6.6 million for the same periods. Realized gas prices of [...]
Epsilon Energy Ltd. is pleased to announce that all the nominees listed in its Proxy Statement, Schedule 14A filed on August 4, 2020 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 Tuesday, September 1, 2020 are set out below. At the meeting, the number of directors was set at seven, and BDO USA, LLP was [...]
Epsilon Energy Ltd. today announced Michael Raleigh, CEO will participate in the virtual Midwest IDEAS Investor Conference on August 27, 2020. EPSN’s presentation is scheduled to be available at 8:00 am CST on August 27th on the company's website: http://www.EPSILONENERGYLTD.com. The presentation will also be webcasted and can be accessed through the conference website, www.IDEASconferences.com. About Epsilon [...]
Epsilon Energy Ltd. today reported second quarter 2020 financial and operating results and material subsequent events following the end of the quarter through the date of this release. Net cash provided by operations of $3.1 million and $8.3 million for the three and six months ended June 30, 2020, respectively, with free cash flow of $1.3 million and $4.2 million for the same periods. Realized gas prices of $1.36/Mcfe [...]
Epsilon Energy Ltd. announced today the final results of its tender offer to purchase for cash up to 2,000,000 shares of its common shares at a purchase price of US$3.06 per share. The Offer expired at 5:00 p.m., Eastern time, on Tuesday, June 30, 2020. Epsilon has accepted for purchase all 2,337,034 properly tendered and not properly withdrawn Common Shares, for an aggregate consideration of US$7,151,324.04 or US$3.06 [...]
Epsilon Energy Ltd. announced today that based on the recommendation of the independent Special Committee of the Company’s board of directors, the Company expects to take up and purchase for cancellation all 2,337,328 Common Shares properly tendered and not withdrawn, for an aggregate consideration of US$7,152,223.68 or $3.06 per share, excluding fees and expenses relating to its Offer that expired at 5:00p.m., Eastern [...]
Epsilon Energy Ltd. today announced Michael Raleigh, CEO will participate in the virtual East Coast IDEAS Investor Conference on June 24, 2020. EPSN’s presentation is scheduled to be available at 8:00 am CST on June 24th on the company's website: http://www.EPSILONENERGYLTD.com. The presentation will also be webcasted and can be accessed through the conference website, www.IDEASconferences.com. About Epsilon [...]
Epsilon Energy Ltd., a company organized under the laws of Alberta, Canada , announced today that it has commenced an Issuer Tender Offer or Substantial Issuer Bid to purchase from the holders of the common shares of the Company, no par value , up to 2,000,000 Common Shares at a price of US$3.06 per share less any applicable withholding taxes and without interest. The Common Shares proposed to be purchased in the Offer [...]
Epsilon Energy Ltd., a company organized under the laws of Alberta, Canada , today announced it intends to commence a substantial issuer bid and tender offer to purchase for cash up to an aggregate of approximately $6.2 million of its common shares at a premium of current market price no later than the end of this month. The Company intends to use a portion of its cash on hand to fund the Offer. “We believe that the [...]
Epsilon Energy Ltd. today reported first quarter 2020 financial and operating results and material subsequent events following the end of the quarter through the date of this release. Marcellus net revenue interest gas production averaged 29.4 MMcf/d . Auburn System gathered and delivered 23 Bcfe gross which represents approximately 77% of the designed throughput capacity. Total Revenues of $6.4 MM for the quarter [...]
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 [...]
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