Sec Form 3 Filing - LOVOI JOHN @ Epsilon Energy Ltd. - 2019-02-14

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person LOVOI JOHN 2. Issuer Name and Ticker or Trading Symbol Epsilon Energy Ltd. [ EPSN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 3505 W SAM HOUSTON PKWY NORTH, SUITE 400 3. Date of Earliest Transaction (MM/DD/YY) 02/14/2019 (Street) HOUSTON, TX77043 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 5,498,419 I See Footnote ( 1 ) Common Shares 2,500 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Option (right to buy) $ 7.34 ( 2 ) ( 2 ) Common Shares 10,000 D Restricted Stock Grant ( 5 ) ( 3 ) ( 3 ) Common Shares 5,000 D Restricted Stock Grant ( 5 ) ( 4 ) ( 4 ) Common Shares 9,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other LOVOI JOHN 3505 W SAM HOUSTON PKWY NORTH SUITE 400 HOUSTON, TX77043 X JVL Advisors, L.L.C. 10,000 MEMORIAL DRIVE SUITE 550 HOUSTON, TX77024 X Signatures /s/ B. Lane Bond as attorney-in-fact 02/25/2019 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These shares are owned directly by JVL Advisors, L.L.C. ("JVL"). Mr. Lovoi, as the managing partner of JVL, exercises voting power and dispositive power with respect to the Common Shares held by JVL. ( 2 )The options are fully vested and expire on June 5, 2022. ( 3 )This Restricted Stock Grant will vest in equal parts on December 20, 2019 and December 20, 2020, as long as Mr. Lovoi is still a director of Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited. ( 4 )Vesting evenly at each anniversary of the grant date (December 31, 2018) over a three year period, as long as Mr. Lovoi is still a director of Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited. ( 5 )Upon vesting, the Restricted Stock Grants convert into Common Shares on a one-for-one basis.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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