Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Evolution Petroleum's Financials Take Hit in 2013
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Evolution Petroleum Corporation reported operating highlights for the current quarter of fiscal 2014 ending December 31, 2013, with comparisons to the previous quarter ending September 30, 2013, and the year-ago quarter ending December 31, 2012.
Evolution beginning to benefit from previously announced restructuring of operations, capitalizing on:
Built-in growth in production, cash flow, earnings and PV-10 at our maturing Delhi EOR project Growth potential from commercialization of the GARP® artificial lift technology business Recently announced initiation of cash dividends to reward shareholders with portion of free cash flow Improved capital structure due to exercise of most outstanding stock options and warrants, the resulting cash proceeds from exercises and resulting $31.2 million…Finish this article — free account or subscription
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