Filing Details

          *SEE INSTRUCTIONS BEFORE FILLING OUT

13D

1		NAME OF REPORTING PERSONS   Paragon JV Partners, LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a)  ☐        (b)  ☐
3		SEC USE ONLY
4		SOURCE OF FUNDS*   WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION Texas
NUMBER OF SHARES  BENEFICIALLY   OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER   1,283,245
				8		SHARED VOTING POWER   0
				9		SOLE DISPOSITIVE POWER   1,283,245
				10		SHARED DISPOSITIVE POWER   0
11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   1,283,245
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   5.4%
14		TYPE OF REPORTING PERSON*   OO

             This Schedule 13D (this “Schedule 13D”) is being filed on behalf of (i) Paragon Associates and Paragon Associates II Joint Venture, a joint venture (“Paragon JV”) formed by Paragon Associates, Ltd., a Texas limited partnership (“Paragon”), Paragon Associates II, Ltd. a Texas limited partnership (“Paragon II”), and Paragon Associates III, Ltd., a Texas limited partnership (“Paragon III”), (ii) Paragon JV Partners, LLC, a Texas limited liability company (“Paragon GP”), and (iii) Bradbury Dyer III (“Mr. Dyer,” and collectively with Paragon JV and Paragon GP, the “Reporting Persons”).  This Schedule 13D relates to shares of Common Shares, no par value (the “Common Shares”), of Epsilon Energy Ltd., an Alberta corporation (the “Issuer”).

               This Schedule 13D relates to Common Shares purchased by Mr. Dyer for the account of  Paragon JV on behalf of Paragon, Paragon II and Paragon III.  Paragon GP serves as the general partner of each of Paragon, Paragon II and Paragon III and the investment advisor of Paragon JV and may direct the vote and disposition of the 1,283,245 shares of Common Shares held by Paragon JV.  As the sole and managing member of Paragon GP, Mr. Dyer may direct Paragon GP to direct, and, as the authorized agent to Paragon JV, may direct, the vote and disposition of the 1,283,245 shares of Common Shares held by Paragon JV.

               Securities acquired: Common Shares, no par value.

    Issuer: Epsilon Energy Ltd.

 16945 Northchase Drive, Suite 1610

 Houston, Texas 77060

               The net investment costs (including commissions, if any) of the shares of Common Shares purchased by the Reporting Persons is $3,926,729.70.  The source of these funds was the working capital of the Reporting Persons.

                   

    The purpose of the acquisition of the shares of Common Shares by the Reporting Persons is for investment, and the purchases of the shares of Common Shares by the Reporting Persons were made in the ordinary course of business and were not made for acquiring control of the Issuer.  Depending on price, availability, market conditions and other factors that may affect their judgment, the Reporting Persons may acquire additional shares or dispose of any or all of their shares.  The Reporting Persons do not currently intend to acquire the Issuer or to control the management and policies of the Issuer.  The Reporting Persons may have communications with the Issuer regarding the Issuer’s operations, strategic plans, corporate governance, board composition and/or shareholder value.