Operational Updates
Evolution Looks to Grow Mississippi Lime Production
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Evolution Petroleum Corporation has reported operating and financial results for the quarter ended September 30, 2012, its first fiscal quarter of 2013.
Highlights include:
• Earned $1.0 million of net income to common shareholders, up 7% from $0.9 million in the previous quarter (Q4-12) and essentially flat compared to the year-ago quarter (Q1-12)
•Produced an average 581 net barrels of oil equivalent (“BOE”) per day, essentially flat
•compared to the prior quarter and 14% higher than the year-ago quarter
•Drilled and completed two new Mississippian Lime oil wells, our first in the oil play out of an inventory of 114 gross drilling locations
•Completed our fourth successful commercial installation of GARP® technology with good results
Robert Herlin, CEO, said: "We are pleased to have…
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