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Stock impact report

Epsilon Announces Entry Into the Province of Alberta Through Two Joint Ventures [Financial Post (Toronto, Ontario, Canada)]

Epsilon Energy Ltd. - Common Shares (EPSN) 
Company Research Source: Financial Post
HOUSTON, Oct. 24, 2024 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“ Epsilon ” or the “ Company ”) (NASDAQ: EPSN) today reported the signing of definitive agreements to form a joint venture in the Garrington and Harmattan areas of Alberta, Canada, in the Western Canadian Sedimentary Basin. In partnership with a leading Calgary-based private operator, Epsilon will earn a 25% working interest in undeveloped lands, covering approximately 30,000 gross acres (majority held by production) in the Garrington area, targeting horizontal development of the liquids-focused Glauconitic and Ellerslie formations (Mannville), and approximately 130,000 gross acres (majority held by production) in the Harmattan area, targeting horizontal development of the liquids-focused Upper Viking formation. The Company estimates the joint venture area holds over 25 2-mile locations in the Mannville. Offset wells exhibit attractive economics, driven by mid-teens effective royalty rates and drilling and completio Show less Read more
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