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Engaged in the acquisition, exploration, development and production of oil and natural gas reserves in North America, the Middle East and Africa.

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Message: NR wait and see...gas price toooooo low

NR wait and see...gas price toooooo low

posted on Sep 04, 2009 07:09PM

CONCORD, ONTARIO--(Marketwire - Sept. 4, 2009) - Epsilon Energy Ltd. ("Epsilon" or the "Corporation") (TSX:EPS) announced today that due to low natural gas prices, the Corporation is curtailing its natural gas production from approximately 3.8 Mmcf/d to approximately 2.1 Mmcf/d.

Effective today, the Corporation has shut in the Poulsen #1H and curtailed the natural gas production from the Poulsen #2H to approximately 1.5 Mmcf/d (balance of 0.6 Mmcf/d coming from non-operated New York production). The Corporation will continue to monitor natural gas prices to determine when, in light of the current low natural gas price environment, to increase its natural gas production from these wells. In addition to the two aforementioned wells, the Corporation has three additional wells within its Highway 706 project that previously tested at a combined natural gas production 8..5 Mmcf/d that are ready to commence natural gas production, if warranted

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