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Epsilon Energy Ltd EPSN

Energy Oil & Gas E&P
Epsilon Energy Ltd. is an onshore focused independent natural gas and oil company. The Company is engaged in the acquisition, development, gathering and production of natural gas and oil reserves. It operates through three segments: Upstream, Gathering System, and Corporate. Upstream activities segment includes acquisition, exploration, development and production of oil and natural gas reserves on properties within the United States. Gathering System segment partner with two other companies to operate a natural gas gathering system. The Company holds leasehold rights to approximately 84,684 gross (15,463 net) acres. It has natural gas production in the Marcellus Shale in Pennsylvania and oil, natural gas liquids and natural gas production in the Permian Basin in Texas and New Mexico and in the Anadarko Basin in Oklahoma. Its subsidiaries include Epsilon Energy USA Inc., Epsilon Midstream, LLC, Altolisa Holdings, LLC, and Dewey Energy Holdings, LLC.


NDAQ:EPSN - Post by User

Epsilon Energy Ltd
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Comment by jayd54on Mar 24, 2009 1:53pm
344 Views
Post# 15866482

RE: RE: RE: More Insider Buying - $50,000

RE: RE: RE: More Insider Buying - $50,000Pablo:

No, I am talking about the large G&A component relative to their production levels.  The 9 month G&A was $5.7 million versus gross sales of $6.4 million.  Cash burn is, therefore, over $600 K a month.  That, coupled with product prices that have fallen off a cliff means that the cash in the bank disappears without being invested.
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