One-Page Deal Sheet
Epsilon Divests Projects in Ohio
Not Disclosed Epsilon Energy Ltd.
Announced Date
June 01,2008
Close Date
June 01,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
6
Location
Region
Northeast
Country
United States
State
Ohio
Transaction Details: Subscribe to see
Epsilon Energy Ltd. is pleased to announce that it has received approximately $6.26 million dollars from the sale of non-core and unproved leasehold covering its Swan Creek and Bootleg projects in Ohio. An additional amount of up to approximately $450,000 may be realized if certain title issues are cleared within the next 120 days.
Within the Swan Creek and Bootleg projects, the Company had a 100% working interest in approximately 37,000 acres targeting the Lower Huron and Rhinestreet shale gas formations. Mr. Fred Zaziski, Epsilon's President and CEO stated "We have been afforded the…
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