Epsilon Energy acquires Peak entities for 6M shares plus $49M debt; Q2 $2.7M impairment

Epsilon Energy Ltd.

Acquired Peak entities for 6M common shares and assumption of ~$49M debt; contingent up to 2.5M more shares.
Acquisition adds 40,500 net acres in Powder River Basin with 2.2 MBoepd Q2 production and ~150% increase in proved reserves.
Q2 2025 capital expenditures $4M; $2.7M impairment on Garrington wells due to cost overruns and lower oil price.
Closes expected Q4 2025 subject to shareholder approval; two Peak designees to join board.
Pro-forma Q2 production 47 MMcfe (77% gas, 22% oil); deal accretive to forecasted 2026 EBITDA per share.

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