secwatch.observer — SEC 8-K summary
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Issuer:     Epsilon Energy Ltd. (EPSN)
CIK:        0001726126
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0001558370-24-009471
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1726126/000155837024009471/0001558370-24-009471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1726126/000155837024009471/epsn-20240625x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009471

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