RALEIGH MICHAEL PATRICK

SEC source: 0001104659-22-045414 · tm2212655-1_4seq1.xml · derivative · entry 3

RALEIGH MICHAEL PATRICK · CIK 0001364737 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares · 50,000 shares

Expires not disclosed

F1 · derivative.exercise_date: The Reporting Person initially acquired these stock options on 06/05/2015. They are fully vested and expire on 06/05/2022.

F1 · derivative.expiration_date: The Reporting Person initially acquired these stock options on 06/05/2015. They are fully vested and expire on 06/05/2022.

SEC source: 0001104659-22-045414 · tm2212655-1_4seq1.xml · nonDerivative · entry 2

RALEIGH MICHAEL PATRICK · CIK 0001364737 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 478,834

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person initially acquired these stock options on 06/05/2015. They are fully vested and expire on 06/05/2022.

F1 · shares: The Reporting Person initially acquired these stock options on 06/05/2015. They are fully vested and expire on 06/05/2022.

SEC source: 0001104659-22-045414 · tm2212655-1_4seq1.xml · nonDerivative · entry 1

RALEIGH MICHAEL PATRICK · CIK 0001364737 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 528,834

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person initially acquired these stock options on 06/05/2015. They are fully vested and expire on 06/05/2022.

F1 · shares: The Reporting Person initially acquired these stock options on 06/05/2015. They are fully vested and expire on 06/05/2022.

SEC source: 0001104659-21-110964 · tm2126592-5_4seq1.xml · nonDerivative · entry 1

RALEIGH MICHAEL PATRICK · CIK 0001364737 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 478,834

F1 · kind: A new grant of 62,334 shares of common stock represented by restricted performance-based stock units. The shares vest evenly at each anniversary of the grant date as long as Mr Raleigh is still employed with Epsilon at each applicable vesting date according to the 2020 Equity Incentive Plan and certain performance measures are met. Otherwise, the Restricted Stock Grant will be forfeited.

F1 · shares: A new grant of 62,334 shares of common stock represented by restricted performance-based stock units. The shares vest evenly at each anniversary of the grant date as long as Mr Raleigh is still employed with Epsilon at each applicable vesting date according to the 2020 Equity Incentive Plan and certain performance measures are met. Otherwise, the Restricted Stock Grant will be forfeited.

F1 · price: A new grant of 62,334 shares of common stock represented by restricted performance-based stock units. The shares vest evenly at each anniversary of the grant date as long as Mr Raleigh is still employed with Epsilon at each applicable vesting date according to the 2020 Equity Incentive Plan and certain performance measures are met. Otherwise, the Restricted Stock Grant will be forfeited.

SEC source: 0001104659-21-001885 · a4.xml · nonDerivative · entry 1

RALEIGH MICHAEL PATRICK · CIK 0001364737 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 416,500

F1 · kind: A new grant of 46,500 shares of common stock represented by time-based restricted stock units. The shares vest evenly at each anniversary of the grant date (12/31/2021, 12/31/2022, and 12/31/2023) as long as Mr Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.

F1 · shares: A new grant of 46,500 shares of common stock represented by time-based restricted stock units. The shares vest evenly at each anniversary of the grant date (12/31/2021, 12/31/2022, and 12/31/2023) as long as Mr Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.

F1 · price: A new grant of 46,500 shares of common stock represented by time-based restricted stock units. The shares vest evenly at each anniversary of the grant date (12/31/2021, 12/31/2022, and 12/31/2023) as long as Mr Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.

SEC source: 0001104659-20-102112 · a4.xml · nonDerivative · entry 1

RALEIGH MICHAEL PATRICK · CIK 0001364737 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 125,000

F1 · date: Epsilon Energy Ltd.'s board of directors approved this unrestricted share award on July 22, 2020 to be issued under the Epsilon Energy Ltd. 2020 Equity Incentive Plan ("2020 Plan"), subject to shareholder approval of the 2020 Plan at the issuer's Annual General and Special Meeting. The shareholders of Epsilon Energy Ltd. approved the 2020 Plan on September 1, 2020.

F1 · shares: Epsilon Energy Ltd.'s board of directors approved this unrestricted share award on July 22, 2020 to be issued under the Epsilon Energy Ltd. 2020 Equity Incentive Plan ("2020 Plan"), subject to shareholder approval of the 2020 Plan at the issuer's Annual General and Special Meeting. The shareholders of Epsilon Energy Ltd. approved the 2020 Plan on September 1, 2020.

F1 · price: Epsilon Energy Ltd.'s board of directors approved this unrestricted share award on July 22, 2020 to be issued under the Epsilon Energy Ltd. 2020 Equity Incentive Plan ("2020 Plan"), subject to shareholder approval of the 2020 Plan at the issuer's Annual General and Special Meeting. The shareholders of Epsilon Energy Ltd. approved the 2020 Plan on September 1, 2020.

SEC source: 0001104659-20-026225 · a4.xml · derivative · entry 2

RALEIGH MICHAEL PATRICK · CIK 0001364737 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 83,333

Underlying: Common Shares · 62,500 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Vesting evenly at each anniversary of the grant date (12/31/2018) on 12/31/2020 and 12/31/2021, as long as Mr. Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.

F4 · derivative.exercise_price: Vesting evenly at each anniversary of the grant date (12/31/2017) on 12/31/2020, as long as Mr. Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited

F5 · price: Upon vesting, the Restricted Stock Grants convert into Common Shares on a one for one basis.

F3 · derivative.exercise_date: Vesting evenly at each anniversary of the grant date (12/31/2018) on 12/31/2020 and 12/31/2021, as long as Mr. Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.

F4 · derivative.exercise_date: Vesting evenly at each anniversary of the grant date (12/31/2017) on 12/31/2020, as long as Mr. Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited

F3 · derivative.expiration_date: Vesting evenly at each anniversary of the grant date (12/31/2018) on 12/31/2020 and 12/31/2021, as long as Mr. Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.

F4 · derivative.expiration_date: Vesting evenly at each anniversary of the grant date (12/31/2017) on 12/31/2020, as long as Mr. Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited

SEC source: 0001104659-20-026225 · a4.xml · nonDerivative · entry 1

RALEIGH MICHAEL PATRICK · CIK 0001364737 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 154,167

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person initially acquired these Common Shares as part of a restricted stock grant on 12/31/2018. These Common Shares vested on 12/31/2019 and were issued on 01/02/2020.

F2 · kind: The Reporting Person initially acquired 2,500 these Common Shares as part of a restricted stock grant on 12/31/2017. These Common Shares vested on 12/31/2019 and were issued on 01/02/2020.

F1 · shares: The Reporting Person initially acquired these Common Shares as part of a restricted stock grant on 12/31/2018. These Common Shares vested on 12/31/2019 and were issued on 01/02/2020.

F2 · shares: The Reporting Person initially acquired 2,500 these Common Shares as part of a restricted stock grant on 12/31/2017. These Common Shares vested on 12/31/2019 and were issued on 01/02/2020.

F1 · price: The Reporting Person initially acquired these Common Shares as part of a restricted stock grant on 12/31/2018. These Common Shares vested on 12/31/2019 and were issued on 01/02/2020.

F2 · price: The Reporting Person initially acquired 2,500 these Common Shares as part of a restricted stock grant on 12/31/2017. These Common Shares vested on 12/31/2019 and were issued on 01/02/2020.

SEC source: 0000899243-19-028680 · doc4.xml · nonDerivative · entry 1

RALEIGH MICHAEL PATRICK · CIK 0001364737 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 0

F1 · shares: The Issuer, Citizen Energy Operating, LLC ("Citizen") and Citizen Energy Pressburg Inc., a subsidiary of Citizen ("Merger Sub"), are parties to that certain Agreement and Plan of Merger, dated October 1, 2019 (the "Merger Agreement"), pursuant to which, among other things, on December 6, 2019, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly-owned subsidiary of Citizen. At the effective time of the Merger, each outstanding share of Class A common stock, $0.001 par value per share, of the Issuer was cancelled and converted into a right to receive $1.52 in cash.

F2 · shares: Includes 76,269,766 shares of Class A common stock held directly by Roan Holdings, LLC ("Roan Holdings"). JVL Advisors, LLC ("JVL"), indirectly through its investment management arrangements with Asklepios Energy Fund, LP, Hephaestus Energy Fund, LP, Luxiver WI, LP, LVPU, LP, Midenergy Partners II, LP, Navitas Fund, LP, Blackbird 1846 Energy Fund, LP, Children's Energy Fund, LP, SPQR Energy, LP and Panakeia Energy Fund, LP, beneficially owns an approximate 74.14% interest in Roan Holdings and has the contractual right to nominate a majority of the members of the board of managers of Roan Holdings, which board of managers exercises voting and dispositive power over all securities held by Roan Holdings. The board of managers of Roan Holdings consists of four managers, of which JVL has nominated three, one of which is the Reporting Person. The Reporting Person may be deemed to share dispositive power over the securities held by Roan Holdings;

F3 · shares: (Continued from Footnote 2) thus, the Reporting Person may also be deemed to be the beneficial owner of these securities. The Reporting Person disclaims beneficial ownership of the reported securities in excess of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for Section 16 or any other purpose.

F1 · price: The Issuer, Citizen Energy Operating, LLC ("Citizen") and Citizen Energy Pressburg Inc., a subsidiary of Citizen ("Merger Sub"), are parties to that certain Agreement and Plan of Merger, dated October 1, 2019 (the "Merger Agreement"), pursuant to which, among other things, on December 6, 2019, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly-owned subsidiary of Citizen. At the effective time of the Merger, each outstanding share of Class A common stock, $0.001 par value per share, of the Issuer was cancelled and converted into a right to receive $1.52 in cash.

F2 · ownership.nature: Includes 76,269,766 shares of Class A common stock held directly by Roan Holdings, LLC ("Roan Holdings"). JVL Advisors, LLC ("JVL"), indirectly through its investment management arrangements with Asklepios Energy Fund, LP, Hephaestus Energy Fund, LP, Luxiver WI, LP, LVPU, LP, Midenergy Partners II, LP, Navitas Fund, LP, Blackbird 1846 Energy Fund, LP, Children's Energy Fund, LP, SPQR Energy, LP and Panakeia Energy Fund, LP, beneficially owns an approximate 74.14% interest in Roan Holdings and has the contractual right to nominate a majority of the members of the board of managers of Roan Holdings, which board of managers exercises voting and dispositive power over all securities held by Roan Holdings. The board of managers of Roan Holdings consists of four managers, of which JVL has nominated three, one of which is the Reporting Person. The Reporting Person may be deemed to share dispositive power over the securities held by Roan Holdings;

F3 · ownership.nature: (Continued from Footnote 2) thus, the Reporting Person may also be deemed to be the beneficial owner of these securities. The Reporting Person disclaims beneficial ownership of the reported securities in excess of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for Section 16 or any other purpose.