Epsilon has exploration, development and production rights to approximately 902,000 gross leasehold acres in the US and Canada and approximately 1.4-million leasehold acres in Yemen.
The Interactive Exploration Solutions (Inexs) mapping project delineated the productive Al Waya field and four additional large structural prospects. Additionally, numerous leads were mapped. Because of Inexs recommendations, Epsilon signed a farm-in agreement with Oil and Gas Mine Company to acquire 57.14% paying interest in the Block 41 production sharing agreement, located onshore in Yemen. A five to 10-well program is slated to commence.
John Wilson, Epsilon’s president and CEO, said: Inexs has been a key resource in our pursuit of international assets, wherever we need them, whenever we need them, they have delivered. Experienced professionals providing thorough evaluations on a wide range of assets in a timely manner, we’ve been impressed.
