Epsilon Energy enters Alberta JV on 160K acres with up to $12M CAD carry

Epsilon Energy Ltd.

Epsilon earns 25% working interest across ~160,000 gross acres in Garrington and Harmattan areas, Alberta.
Consideration is up to $12M CAD development carry for 4-6 horizontal wells over 2024-2026.
Initial 4 wells (minimum 1.5-mile laterals) to be drilled by Dec 1, 2025; operator option for 2 additional.
Epsilon also entered a separate Killam-area JV in April 2024 with 50% WI on 14K acres for $1.4M CAD.
CEO cites increased liquids exposure, inventory runway, and Canadian tax advantages including NOLs.

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