Epsilon Energy Ltd. Signs Material Definitive Agreement
Ticker: EPSN · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1726126
Sentiment: neutral
Topics: material-definitive-agreement, corporate-action
Related Tickers: EPSN
TL;DR
EPSN signed a big deal, details TBD.
AI Summary
Epsilon Energy Ltd. announced on October 28, 2024, that it has entered into a material definitive agreement. The filing does not provide specific details about the agreement, such as the counterparty or financial terms, but indicates it is a significant event for the company.
Why It Matters
This filing signals a significant development for Epsilon Energy Ltd., potentially impacting its future operations, strategic direction, and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty and potential risk.
Key Players & Entities
- Epsilon Energy Ltd. (company) — Registrant
- October 28, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Epsilon Energy Ltd.?
The filing states that Epsilon Energy Ltd. entered into a material definitive agreement on October 28, 2024, but does not provide specific details about its nature.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the name of the counterparty to the material definitive agreement.
What are the key financial terms or implications of this agreement?
The filing does not specify any financial terms or implications of the material definitive agreement.
When was this material definitive agreement officially entered into?
The material definitive agreement was entered into on October 28, 2024.
Does this agreement represent an acquisition, divestiture, partnership, or other type of transaction?
The filing does not specify the type of transaction the material definitive agreement represents.
Filing Stats: 665 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-10-28 15:34:28
Key Financial Figures
- $7.3 million — illing a carried interest commitment of $7.3 million (across a minimum of 4 gross wells to b
- $1.4 million — ditional carried interest commitment of $1.4 million (across a minimum of 2 wells to be dril
Filing Documents
- epsn-20241028x8k.htm (8-K) — 36KB
- epsn-20241028xex10d1.htm (EX-10.1) — 378KB
- epsn-20241028xex99d1.htm (EX-99.1) — 15KB
- epsn-20241028xex10d1001.jpg (GRAPHIC) — 207KB
- epsn-20241028xex99d1001.jpg (GRAPHIC) — 12KB
- 0001558370-24-013744.txt ( ) — 914KB
- epsn-20241028.xsd (EX-101.SCH) — 4KB
- epsn-20241028_def.xml (EX-101.DEF) — 3KB
- epsn-20241028_lab.xml (EX-101.LAB) — 17KB
- epsn-20241028_pre.xml (EX-101.PRE) — 12KB
- epsn-20241028x8k_htm.xml (XML) — 5KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On October 24, 2024, the Company issued a press release announcing the consummation of the transactions described in Item 1.01. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information contained in this Current Report on Form 8-K pursuant to this "Item 7.01 Regulation FD Disclosure" shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section. The information in this section of this Current Report on Form 8-K shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Participation Agreement with HWN Energy, Ltd dated October 22, 2024 99.1 Press Release dated October 24, 2024 104 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EPSILON ENERGY LTD. Date: October 28, 2024 By: /s/ J. Andrew Williamson J. Andrew Williamson Chief Financial Officer 2