Epsilon Energy Ltd 2024年度报告

FORM10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscalyear endedDecember 31,2024. OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number001-38770 EPSILON ENERGY LTD.(Exact name of registrant as specified in its charter) 500 Dallas Street,Suite 1250Houston,Texas77002(281)670-0002(Address of principal executive offices including zip code andtelephone number, including area code) Securities registered pursuant to Section12(g)of the Act: NONE Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act. Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined by Rule12b-2 of the Exchange Act). Aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at whichthe common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s mostrecently completed second fiscal quarter: $90.9million. There were22,008,766Common Shares (no par value) outstanding as of March 18, 2025. PARTI FORWARD LOOKING STATEMENTS. Certain statements contained in this report constitute forward-looking statements. The use ofany of the words ‘‘anticipate,’’ ‘‘continue,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘may,’’ ‘‘will,’’ ‘‘project,’’ ‘‘should,’’‘‘believe,’’ and similar expressions and statements relating to matters that are not historical factsconstitute ‘‘forward looking statements’’ within the meaning of applicable securities laws. Thesestatements involve known and unknown risks, uncertainties and other factors that may cause actualresults or events to differ materially from those anticipated. Such forward-looking statements arebased on reasonable assumptions, but no assurance can be given that these expectations will prove tobe correct and the forward-looking statements included in this report should not be unduly reliedupon. These statements are made only as of the date of this report. All statements that addressoperating performance, events or developments that we expect or anticipate will occur in the future— including statements relating to oil and natural gas production rates, commodity prices for crudeoil or natural gas, supply and demand for oil and natural gas; the estimated quantity of oil andnatural gas reserves, including reserve life; future development and production costs, and statementsexpressinggeneral views about future operating results—are forward-looking statements.Management believes that these forward-looking