<SEC-DOCUMENT>0000919574-20-003784.txt : 20200520
<SEC-HEADER>0000919574-20-003784.hdr.sgml : 20200520
<ACCEPTANCE-DATETIME>20200520215030
ACCESSION NUMBER:		0000919574-20-003784
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200331
FILED AS OF DATE:		20200520
DATE AS OF CHANGE:		20200520

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Solas Capital Management, LLC
		CENTRAL INDEX KEY:			0001604867
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38770
		FILM NUMBER:		20899847

	BUSINESS ADDRESS:	
		STREET 1:		1063 POST ROAD
		STREET 2:		2ND FLOOR
		CITY:			DARIEN
		STATE:			CT
		ZIP:			06820
		BUSINESS PHONE:		203-625-1300

	MAIL ADDRESS:	
		STREET 1:		1063 POST ROAD
		STREET 2:		2ND FLOOR
		CITY:			DARIEN
		STATE:			CT
		ZIP:			06820

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FREDERICK TUCKER GOLDEN
		CENTRAL INDEX KEY:			0001609578
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38770
		FILM NUMBER:		20899848

	BUSINESS ADDRESS:	
		STREET 1:		C/O SOLAS CAPITAL MANAGEMENT, LLC
		STREET 2:		405 PARK AVENUE, 6TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-415-6659

	MAIL ADDRESS:	
		STREET 1:		C/O SOLAS CAPITAL MANAGEMENT, LLC
		STREET 2:		405 PARK AVENUE, 6TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Epsilon Energy Ltd.
		CENTRAL INDEX KEY:			0001726126
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		16945 NORTHCHASE DR.,
		STREET 2:		SUITE 1610
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77060
		BUSINESS PHONE:		281-670-0002

	MAIL ADDRESS:	
		STREET 1:		16945 NORTHCHASE DR.,
		STREET 2:		SUITE 1610
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77060
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2020-03-31</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001726126</issuerCik>
        <issuerName>Epsilon Energy Ltd.</issuerName>
        <issuerTradingSymbol>EPSN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001604867</rptOwnerCik>
            <rptOwnerName>Solas Capital Management, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1063 POST ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>2ND FLOOR</rptOwnerStreet2>
            <rptOwnerCity>DARIEN</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06820</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001609578</rptOwnerCik>
            <rptOwnerName>FREDERICK TUCKER GOLDEN</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SOLAS CAPITAL MANAGEMENT, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>1063 POST ROAD, 2ND FLOOR</rptOwnerStreet2>
            <rptOwnerCity>DARIEN</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06820</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Shares, no par value</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2650000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The securities reported herein are held in multiple accounts. Solas Capital Management, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such accounts. Frederick Tucker Golden may be deemed to be a beneficial owner of such securities by virtue of his role as the portfolio manager of Solas Capital Management, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>SOLAS CAPITAL MANAGEMENT, LLC, By: /s/ Frederick Tucker Golden, Frederick Tucker Golden, Managing Member</signatureName>
        <signatureDate>2020-05-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Frederick Tucker Golden, /s/ Frederick Tucker Golden</signatureName>
        <signatureDate>2020-05-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
