Mississippi

Epsilon Energy Ltd., Concord, Ontario, signed a definitive participation agreement with private Black Stone Minerals Co. LP for development of a potential oil resource play in Clarke and Wayne counties, Miss.

Nov. 5, 2010

By OGJ editors
HOUSTON, Nov. 5 -- Epsilon Energy Ltd., Concord, Ontario, signed a definitive participation agreement with private Black Stone Minerals Co. LP for development of a potential oil resource play in Clarke and Wayne counties, Miss.

Epsilon Energy committed to drill at least two horizontal wells at an estimated cost of $10 million in return for a lease of 60% of Black Stone’s available mineral interests in about 15,800 gross (13,600 net) acres it owns or controls. Epsilon Energy did not disclose formation name or well depth.