28 Oct 2024farm in farm out agreement▲ GoodMajor
Epsilon moved into Canada for the first time: a Participation Agreement with operator HWN Energy to form a joint venture across roughly 160,000 gross acres in the Western Canadian Sedimentary Basin, Alberta. Epsilon earns a 25% working interest by funding a $7.3 million drilling carry (at least 4 wells in 2025), with an option for a further $1.4 million carry (2 more wells in 2026).