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Epsilon Energy Ltd
April 2012 Corporate Presentation
| Zoran Arandjelovic | Page 5 of 11 |
December 01, 2015
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"Epsilon Energy Ltd "
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5 • 2011 EBITDA US $9.8 million • 2011 Capital Expenditures • Pennsylvania US $73.6 million (carried by CHK) • Mississippi US $9.9 million • Saskatchewan US $10.6 million • New York US $0.6 million • 2011 Revenue US $9.8 million • 2011 Operating Costs & Expenses 1 US $53.9 million • 2011 Other Income 2 US $49.0 million • 2011 Net Income 3 US $19.2 million ` 1: Operating costs & expenses includes depreciation, depletion and amortization expense, asset impairments, general & administrative costs and lease operating expenses. In 2011, the Company recorded $37.6 million in asset impairments related to reserve adjustments and $4.9 million in depletion & depreciation. 2: Other income includes a $49.0 million recognition of the gain on the Farmout Agreement with Chesapeake Energy Corporation. 3: Net income in 2011 includes $14.3 million in income tax recovery. Financial Overview