Rochester, New York 12/2/2009 3:10:00 PM
News / Business

Epsilon Energy (TSX: EPS) COO Tenders Resignation Effective February 28

Mr. David R. Heinz, Vice President Exploration and Chief Operating Officer for Epsilon Energy Ltd. and Epsilon Energy USA (TSX: EPS) has tendered his resignation effective February 28, 2010. Mr. Heinz has served as an officer of Epsilon since late 2005 and has been actively involved in directing the exploration, review, and evaluation of Epsilon's projects and supervising employees and contractors involved in the drilling and production.

 

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Effective immediately, Mr. Daniel J. Ward, will assume Mr. Heinz' responsibilities. Mr. Ward is an accomplished Senior Geophysicist with 35 years of worldwide exploration experience. He has been with Epsilon since early 2008 in the capacity of International Exploration Manager, reporting directly to the Chief Executive Officer and Executive Chairman and has been involved in all of Epsilon's projects. Most recently, Mr. Ward has been supervising Epsilon's 3-D Seismic data collection of its Marcellus Shale project. Mr. Zoran Arandjelovic, Executive Chairman of Epsilon, thanked Mr. Heinz for his past service to Epsilon and added "For the past four years David was instrumental in establishing Epsilon's current asset base. He has now decided that the time has come for him to pursue other opportunities."

 

Epsilon Energy Ltd. is engaged in the exploration and production of natural gas reserves targeting the Marcellus Shale. The company also has participating interests and production sharing agreements in other natural gas and oil plays within North America, the Middle East, and Africa. Established in 2005, the Corporation has been a producer of natural gas and oil since 2006. Epsilon's ongoing business strategy involves focused targeting of lower risk natural gas properties within the Marcellus Shale and other parts of Canada and the United States, as well as the high potential oil & gas properties in the Middle East and Africa.

 

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