Epsilon Energy Ltd. received a Schedule 13G/A reporting that Jumana Capital Investments LLC and Christopher Martin beneficially own 717,392 common shares, representing approximately 3.3% of the outstanding shares based on 22,017,405 shares outstanding as of May 13, 2025. The filing states Mr. Martin is the Manager of Jumana Capital and may be deemed to beneficially own the shares held by the entity.
The statement clarifies the position is reported under passive-investor certifications and that the reporting persons disclaim beneficial ownership of securities they do not directly own. The filing lists the issuer address and confirms the ownership percentages and voting/dispositive powers as shared rather than sole.
Positive
Disclosure of stake: Reports ownership of 717,392 shares, equal to 3.3% of outstanding shares
Transparency on control: Identifies the manager relationship (Christopher Martin) and clarifies voting/dispositive power
Passive intent certified: Item 10 certification states holdings were not acquired to influence control
Negative
None.
Insights
TL;DR: A passive 3.3% stake disclosed by a manager-controlled investment vehicle; disclosure improves transparency but is not control-threatening.
The Schedule 13G/A shows Jumana Capital and Christopher Martin together hold 717,392 shares, ~3.3% of Epsilon Energy Ltd., with shared voting and dispositive power. The filing is consistent with passive ownership reporting and includes the standard certification that the stake is not intended to influence control. For investors, this is a routine ownership disclosure confirming a sub-5% position that does not trigger Section 13(d) activist reporting thresholds.
TL;DR: Manager of the holding entity is disclosed; shared voting power noted, and the filing affirms passive intent.
The document names both the legal owner (Jumana Capital) and the manager (Christopher Martin), and specifies shared voting and dispositive power for 717,392 shares. The filing includes explicit disclaimers of beneficial ownership beyond direct holdings and the Item 10 certification that the position is not for influencing control. This is a standard governance disclosure that maintains regulatory compliance without signaling governance change.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Epsilon Energy Ltd.
(Name of Issuer)
Common Shares, no par value
(Title of Class of Securities)
294375209
(CUSIP Number)
06/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
294375209
1
Names of Reporting Persons
Jumana Capital Investments LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
717,392.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
717,392.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
717,392.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
294375209
1
Names of Reporting Persons
Martin Christopher
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
717,392.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
717,392.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
717,392.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Epsilon Energy Ltd.
(b)
Address of issuer's principal executive offices:
500 DALLAS STREET, SUITE 1250, HOUSTON, TX 77002
Item 2.
(a)
Name of person filing:
This statement is filed by Jumana Capital Investments LLC, a Texas limited liability company ("Jumana Capital"), and Christopher Martin. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."
Mr. Martin serves as the Manager of Jumana Capital. By virtue of this relationship, Mr. Martin may be deemed to beneficially own the Common Shares, no par value, of the Issuer (the "Shares") owned directly by Jumana Capital.
(b)
Address or principal business office or, if none, residence:
The address of the principal office of each of the Reporting Persons is 1717 St. James Place, Suite 335, Houston, Texas 77056.
(c)
Citizenship:
Jumana Capital is organized under the laws of the State of Texas. Mr. Martin is a citizen of the United States of America.
(d)
Title of class of securities:
Common Shares, no par value
(e)
CUSIP No.:
294375209
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of the close of business on June 30, 2025:
(i) Jumana Capital beneficially owned 717,392 Shares; and
(ii) Mr. Martin, as the Manager of Jumana Capital, may be deemed to beneficially own the 717,392 Shares owned by Jumana Capital.
The filing of this Schedule 13G shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
(b)
Percent of class:
The following percentages are based on 22,017,405 Shares outstanding as of May 13, 2025, which is the total number of Shares outstanding as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 14, 2025.
As of the close of business on June 30, 2025, Jumana Capital beneficially owned approximately 3.3% of the outstanding Shares and Mr. Martin, as the Manager of Jumana Capital, may be deemed to beneficially own approximately 3.3% of the outstanding Shares.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote:
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons on September 5, 2024.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
How many Epsilon Energy Ltd. (EPSN) shares does Jumana Capital own?
The filing states Jumana Capital beneficially owns 717,392 shares of Epsilon Energy Ltd.
What percentage of EPSN does the reported position represent?
The reported holdings equal approximately 3.3% of the outstanding shares based on 22,017,405 shares outstanding.
Does Christopher Martin directly own the shares reported by Jumana Capital?
The filing notes Mr. Martin is Manager of Jumana Capital and may be deemed to beneficially own the shares owned by the entity, with a specific disclaimer for securities not directly owned.
Is this Schedule filed as an active attempt to influence control of EPSN?
No; Item 10 contains a certification that the securities were not acquired and are not held for the purpose of changing or influencing control.
Where is Epsilon Energy Ltd. headquartered as listed in the filing?
The issuer's principal executive offices are listed at 500 Dallas Street, Suite 1250, Houston, TX 77002.
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