Epsilon Energy Ltd (EPS.TO) said it has entered into an agreement to acquire 10,200 gross prospective Marcellus shale leasehold acres in Chemung and Tioga counties in New York from a privately held company for about C$5.1 million in cash.
The acquired acreage is included within an existing joint venture and Area of Mutual Interest for which the company is the operator and holds a 50% working interest. Two other privately held companies each hold a 25% working interest in the joint venture and AMI.
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