Epsilon gets $45M borrowing base increase; Ava well averages 1,290 BOEPD (79% oil)

Epsilon Energy Ltd.

Borrowing base on Frost Bank credit facility increased to $45M effective June 21, 2024, including recently acquired Ector County properties.
Lender commitment equals the borrowing base; all other credit facility terms unchanged.
Ava well (Pradera Fuego project, 25% WI) averaged 1,290 BOEPD (79% oil) over 25 days, best well in project and outperforming pre-drill estimates.
Katy well (7th well in project) completion operations underway; flow-back expected next month, extending into undeveloped Cowden leasehold.

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