Epsilon Announces the Closing of the Acquisitions of the Peak Companies With Assets in the Powder River Basin

Core Points - Epsilon Energy Ltd. has successfully completed the acquisition of Peak Exploration and Production LLC and Peak BLM Lease LLC, marking a significant milestone in the company's growth strategy [1][5] - The acquisition involved the issuance of 5,681,489 common shares to the shareholders of the Peak Companies, with potential additional shares or cash payments of up to 2,500,000 common shares or $6.5 million based on regulatory approvals [2] - The company's credit facility commitments were increased to $80 million, with $50.5 million drawn at closing to repay existing loans of the Peak Companies [3] Company Developments - Sixteen former employees from the Peak Companies have joined Epsilon Energy USA Inc., enhancing the company's workforce in Durango, Colorado, and Wright, Wyoming [4] - The board of directors has appointed Bryan H. Lawrence and Jack Vaughn, who are expected to provide valuable guidance as the company implements its strategic plans [3][5] Company Overview - Epsilon Energy Ltd. operates as a North American onshore natural gas and oil production and gathering company, with assets located in Wyoming, Pennsylvania, Texas, Alberta, New Mexico, and Oklahoma [6]