Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports
Evolution's MissLime Wells Not Performing as Expected
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Evolution Petroleum Corporation reported operating highlights for the quarter ended March 31, 2013, its third quarter of fiscal 2013.
Highlights include: Earned $2.2 million, or $0.07 per diluted share, a 24% sequential increase Total daily sales volumes declined 10% sequentially to 626 net barrels of oil equivalent (BOE) due to Giddings asset sales during the prior quarter Delhi daily volumes increased 11% over prior quarter to 566 net gross barrels of oil (BO) (7,645 gross BO per day) Reached agreement to install GARP® technology on a fourth joint venture well and acquired leases to install on fifth Company owned wellRobert Herlin, CEO, said: "We are pleased to report that Delhi production has continued to outperform expectations, and its contribution to revenue has more than offset…
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