Epsilon Energy provides operational update

In Ector County, Texas, the two recently completed wells have now been flowing for over 40 days. To date, the wells have produced approximately 71,000 BOE combined. Currently, the wells are flowing over 2,500 BOEPD combined. Epsilon holds a 25% WI and 18.75% NRI. Jason Stabell, Epsilon’s CEO, commented, “Although still early days, these results exceed our pre-drill estimates and confirm the potential of the nearby large 11,000 acre position where we hold the same interest. We estimate 20-30 gross remaining undeveloped locations there. We are very excited about our plans to drill up to four gross wells in Ector County in 2024. In Pennsylvania, the first three wells are now drilled, and drilling is underway on the remaining four. All seven wells are expected to be completed in the first half of 2024. We expect this activity to add meaningfully to NRI production from the Auburn area.”