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Stock impact report

Epsilon Energy Ltd. Announces Quarterly Dividend and Provides Operational Update [Financial Post (Toronto, Ontario, Canada)]

Epsilon Energy Ltd. - Common Shares (EPSN) 
Company Research Source: Financial Post
announced that its Board of Directors has declared a dividend of $0.0625 per share of common stock (annualized $0.25/sh) to the stock holders of record at the close of business on September 15 th 2023, payable on September 29 th 2023. All dividends paid by the Company are “eligible dividends” as defined in subsection 89(1) of the Income Tax Act (Canada), unless indicated otherwise. Jason Stabell, Epsilon's Chief Executive Officer, commented, “In addition to the quarterly dividend, we would like to provide an update on our operations in Pennsylvania and Texas. We are happy to report that the operator of our upstream assets in the Marcellus recently notified us of near-term drilling plans on our acreage. In late September, drilling will commence on three gross wells (0.39 net). These wells are expected to be on production in the second quarter of 2024. In addition, the operator has begun remedial work on another Auburn area pad to prepare for additional drilling in 2024. We expect thi Show less Read more
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