Evolution Petroleum Corp
We are an independent oil and gas company engaged primarily in the acquisition,
exploitation and development of properties for the production of crude oil and
natural gas, onshore in the United States. Our goal is to acquire known crude
oil and natural gas resources and exploit them through the application of conventional
and specialized technology, with the objective of increasing production, ultimate
recoveries, or both.
Our operations began in September 2003. In May 2004, our predecessor, Natural
Gas Systems, Inc., merged into a wholly-owned subsidiary of Reality Interactive,
Inc., an inactive public company, which was renamed Natural Gas Systems, Inc.
("NGS"). In connection with the listing of NGS shares on the American
Stock Exchange (currently the NYSE American) in July 2006, NGS was renamed Evolution
Petroleum Corporation. Our principal executive offices are located at 1155 Dairy
Ashford Road, Suite 425, Houston, Texas 77079, and our telephone number is (713)
935-0122. We maintain a website at www.evolutionpetroleum.com, but information
contained on our website does not constitute part of this document. Our common
stock is traded on the NYSE American (formerly known as the NYSE MKT) under
the ticker symbol "EPM".
At June 30, 2017, we had five full-time employees, not including contract personnel
and outsourced service providers. None of the Company’s employees are
currently represented by a union, and the Company believes that it has excellent
relations with its employees. Our team is broadly experienced in oil and gas
operations, development, acquisitions and financing. We follow a strategy of
outsourcing most of our property accounting, human resources, administrative
and other non-core functions.
Our business strategy is to acquire known, underdeveloped oil and natural gas
resources and exploit them through the application of capital, sound engineering
and modern technology to increase production, ultimate recoveries, or both.
Our principal assets include interests in a CO2 enhanced oil recovery project
in Louisiana’s Delhi field and the natural gas liquids recovery plant
in the Delhi field. We are focused on increasing underlying asset values on
a per share basis. In doing so, we depend on a conservative capital structure,
allowing us to maintain financial control of our assets for the benefit of our
shareholders.
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