Brief: Epsilon Announces A Second Transaction In The Permian Basin

Epsilon Energy

16/05/2023 22:46

Epsilon Energy Ltd  EPSN.O :
    * EPSILON ANNOUNCES A SECOND TRANSACTION IN THE PERMIAN
BASIN
    * EPSILON ENERGY LTD - ACQUIRED ASSETS ARE A 25% WORKING
INTEREST
IN 12,373 GROSS ACRES LOCATED IN ECTOR COUNTY, TEXAS ON CENTRAL
BASIN PLATFORM
    * EPSILON ENERGY LTD - TOTAL CONSIDERATION NET TO EPSILON
FOR
TRANSACTION, INCLUDING 2023 CAPITAL EXPENDITURES, IS
APPROXIMATELY $14 MILLION
    * EPSILON ENERGY LTD - EXPECTS THESE INVESTMENTS WILL
CONTRIBUTE
TO COMPANY'S PRODUCTION, REVENUE, AND CASH FLOW STARTING IN
SECOND HALF OF 2023

Source text for Eikon:  ID:nGNX74HcYq 
Further company coverage:  EPSN.O