Epsilon Energy Ltd

For the period ended Dec 31, 2023. Filed Mar 21, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 21, 2024

EPSN$5.24+0.8%Stored close · as of Nov 10, 2026

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Contents

Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(a)1.		Financial Statements:
		Report of Independent Registered Public Accounting Firm (PCAOB ID 243)
		Consolidated Balance Sheets as of December 31, 2023 and December 31, 2022.
		Consolidated Statements of Operations and Comprehensive Income for the years ended December 31, 2023 and December 31, 2022.
		Consolidated Statements of Changes in Shareholders’ Equity for the years ended December 31, 2023 and December 31, 2022.
		Consolidated Statements of Cash Flows for the years ended December 31, 2023 and December 31, 2022.
		Notes to Consolidated Financial Statements

(a)2.		Financial Statement Schedules:
		None.

(a)3.		Exhibits


3.1		Articles of Incorporation of Epsilon Energy Ltd (incorporated by reference to Exhibit 3.1 of Form 10, File No. 001-38770, filed on December 21, 2018).

3.2		Bylaws of Epsilon Energy Ltd. (incorporated by reference to Exhibit 3.2 of Form 10, File No. 001-38770, filed on December 21, 2018)

3.3		Articles of Amendment dated December 19, 2019 (incorporated by reference to Exhibit 3.3 of Form 10, File No. 001-38770, filed on December 21, 2018)

4.1		Description of Registrant’s Securities Registered Under Section 12 of the Exchange Act. (incorporated by reference to Exhibit 4.1 of Form 10-K, File No. 001-38770, filed on March 18, 2020)

10.1+		Henry Clanton Offer Letter (incorporated by reference to Exhibit 10.7 of Form 10, File No. 001-38770, filed on December 21, 2018)

10.2		Anchor Shipper Gas Gathering Agreement, effective January 1, 2012, by and between Appalachia Midstream Services, L.L.C. and Epsilon Energy USA, Inc., as shipper and producer (incorporated by reference to Exhibit 10.8 of Form 10, File No. 001-38770, filed on December 21, 2018)

10.3+		Amended and Restated 2017 Stock Option Plan (incorporated by reference to Exhibit 10.9 of Form 10, File No. 001-38770, filed on December 21, 2018)

10.4+		Share Compensation Plan (incorporated by reference to Exhibit 10.10 of Form 10, File No. 001-38770, filed on December 21, 2018)

10.5		Agreement for the Construction, Ownership, and Operation of Midstream Assets in AMI Area D of Northern Pennsylvania effective the 1st day of January, 2012, by and between Statoil Pipelines, LLC, a Delaware limited liability company formerly known as StatoilHydro Pipelines, LLC, Epsilon Midstream LLC, a Pennsylvania limited liability company, and Appalachia Midstream Services, L.L.C., an Oklahoma limited liability company (incorporated by reference to Exhibit 10.11 of Form 10, File No. 001-38770, filed on December 21, 2018)

10.6+		Jason Stabell Executive Employment Agreement (incorporated by reference to Exhibit 10.1 of Form 8-K, File No. 001-38770, filed on June 24, 2022)

10.7+		Andrew Williamson Executive Employment Agreement (incorporated by reference to Exhibit 10.1 of Form 8-K, File No. 001-38770, filed on June 24, 2022)


10.8*		Credit Agreement, dated as of June 28, 2023, by and among Epsilon Energy USA Inc., Frost Bank, as agent and issuing bank, and the lenders from time to time party hereto.

21.1		Subsidiaries of the Registrant (incorporated by reference to Exhibit 21.1 of Form 10, File No. 001-38770, filed on December 21, 2018)

23.1*		Consent of DeGolyer and MacNaughton

23.2*		Consent of BDO USA, P.C.

31.1*		Rule 13a-14(a)/15d-14(a) Certification.

31.2*		Rule 13a-14(a)/15d-14(a) Certification.

32.1**		Section 1350 Certifications.

32.2**		Section 1350 Certifications.

97.1*		Epsilon Energy Ltd. Clawback Policy

99.1*		Summary Reserve Report

101.INS*		Inline XBRL Instance Document.

101.SCH*		Inline XBRL Taxonomy Extension Schema Document.

101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document.

101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document.

101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document.

101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document.

104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

*	Filed herewith.
**	Furnished herewith.
+	Denotes a management contract or compensatory plan or arrangement.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized, on March 20, 2024.


	Epsilon Energy Ltd.

	By: /s/ J. Andrew Williamson
	J. Andrew Williamson
	Chief Financial Officer
	(duly authorized to sign on behalf of the registrant)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacity and on the dates indicated:


Signature	Title	Date

/s/ Jason Stabell	Chief Executive Officer and Director	March 20, 2024
Jason Stabell	(Principal Executive Officer)

/s/ J. Andrew Williamson	Chief Financial Officer	March 20, 2024
J. Andrew Williamson	(Principal Financial and Accounting Officer)

/s/ John Lovoi	Chairman of the Board	March 20, 2024
John Lovoi

/s/ Jason Stankowski	Director	March 20, 2024
Jason Stankowski

/s/ Tracy Stephens	Director	March 20, 2024
Tracy Stephens

/s/ David Winn	Director	March 20, 2024
David Winn

/s/Nicola Maddox	Director	March 20, 2024
Nicola Maddox

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