Epsilon Energy Ltd.

Epsilon Energy Ltd. is a North American on-shore focused independent natural gas and oil company involved in acquiring, developing, gathering, and producing natural gas and oil reserves. The company was incorporated in Alberta, Canada, on March 14, 2005. As of December 31, 2025, Epsilon's total estimated net proved reserves included 86.4 Bcf of natural gas, 9.3 MMBbls of oil, and 2.4 MMBbls of NGL reserves. Epsilon holds leasehold rights to approximately 101,265 gross (54,044 net) acres. The company produces natural gas in the Appalachian Basin Pennsylvania and produces oil, natural gas liquids, and natural gas in the Powder River Basin in Wyoming, the Permian Basin in Texas and New Mexico, and the Western Canadian Sedimentary Basin in Alberta, Canada. On November 14, 2025, Epsilon acquired Peak Exploration & Production LLC and Peak BLM Lease LLC and their subsidiaries for a total consideration of $88.5 million. This consideration included the issuance of 5,681,489 common shares valued at $27.6 million, contingent consideration of up to 2,500,000 common shares valued at $10.6 million, and the settlement of $50.3 million of debt. The contingent consideration was settled on November 19, 2025, through the issuance of 2,234,847 common shares for $10.6 million. The acquired assets primarily consist of operated and non-operated production and leasehold interests in the core of the Powder River Basin in Wyoming. This acquisition also added 17 full-time employees to the company. Epsilon began trading on the NASDAQ Global Market under the symbol "EPSN" on February 19, 2019.