News - Joint venture in Alberta
https://www.ogfj.com/articles/2012/09/epsilon-energy-enters-canadian-jv.html
Epsilon Energy Ltd. has entered into an oil-focused joint venture in Alberta with a private Canadian company, Epsilon announced Monday.
The company will pay $3 million in drill and completion costs in return for a 50% stake in the project. Subsequent costs are expected to be split between Epsilon and its partner in accordance with their participating interests.
“A multi-well program will commence later this year. Should the venture prove successful, a quality still being debated concerning the company's other oil-focused ventures in Saskatchewan and the Brown Dense, it would provide attractive diversification for the company's predominant natural gas production stream,” said Global Hunter Securities analysts in a note to investors Monday morning.
Epsilon Energy Ltd. is a North American onshore exploration and production company with a current focus in the Marcellus Shale in Pennsylvania, Bakken Shale in Saskatchewan and Lower Smackover in Mississippi.