other material
confidence high
sentiment positive
materiality 0.65
Epsilon Energy announces $13M share buyback (10% of float) and $45M borrowing base
Epsilon Energy Ltd.
- Board approved buyback of up to 2,200,876 common shares (10% outstanding) for max $13.0M over one year.
- New program runs Feb 12, 2025 to Feb 11, 2026; prior NCIB program terminated.
- Borrowing base under Frost Bank credit facility redetermined at $45M, effective Feb 10, 2025.
- Repurchases to be funded from available cash; no debt expected to be incurred.
- Company cites belief that shares are undervalued as rationale for the program.