Quarterly / Earnings Reports | Capital Markets | Capital Expenditure
Evolution Talks Earnings, Possible MissLime Development in 2014
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Evolution Petroleum Corporation has reported operating highlights for the fiscal year and quarter ended June 30, 2013.
Highlights include: Earned $6.0 million, or $0.19 per diluted share, a 32% increase in total and a 36% increase in earnings per share for the year Increased annual revenues in FY13 by 19% to record $21.3 million Delhi sales volumes increased 33% for the year to 495 net barrels of oil (BO) per day (6,684 gross), while fourth quarter Delhi volumes declined 6% from the prior quarter to 532 net BO per day (7,188 gross) Q4-13 earnings declined sequentially to $0.9 million, or $0.03 per diluted share, on 10% lower revenues of $5.4 million Proved Reserves increased 2.4% overall to 13.8 million barrels of oil equivalent (BOE), with Delhi reserves increasing 23% to 13.5 million…Finish this article — free account or subscription
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