Brief: Epsilon Energy Provides 2019 Capital And Production Guidance

Epsilon Energy

21/02/2019 22:31

Feb 21 (Reuters) - Epsilon Energy Ltd  EPSN.O :
    * EPSILON ENERGY PROVIDES 2019 CAPITAL AND PRODUCTION
GUIDANCE
    * EPSILON ENERGY - BOARD APPROVED A $20 TO $25 MILLION
CAPITAL
BUDGET FOR 2019 WHICH IS EXPECTED TO BE FULLY FUNDED FROM
OPERATIONAL CASH FLOW
    * EPSILON ENERGY LTD - CO FORECASTS CAPITAL PROGRAM TO
GENERATE
30% GROWTH IN PRODUCTION
    * EPSILON ENERGY LTD - CO HAS LIQUIDITY OF $35 MILLION AND
DOES
NOT ANTICIPATE UTILIZING FUNDS FROM ITS UNDRAWN CREDIT FACILITY
    * EPSILON ENERGY LTD - COMPANY ANTICIPATES PRODUCTION GROWTH
OF 27
- 33% YEAR OVER YEAR TO A RANGE OF 9.7 - 10.2 BCFE
    * EPSILON ENERGY LTD - FOR 2019, NATURAL GAS IS EXPECTED TO
COMPRISE ABOUT 95% OF TOTAL PRODUCTION

Source text for Eikon:  ID:nGNX5J7fzV 
Further company coverage:  EPSN.O 

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