HOUSTON, Oct. 19, 2016 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE MKT:EPM) today announced that it will release its financial and operational results for the quarter ended September 30, 2016 (its first fiscal quarter of 2017) after the market closes on Monday, November 7, 2016. An investor conference call to review the results will be held on Tuesday, November 8, 2016 at 11:00 a.m. Eastern (10:00 a.m. Central). The call will be hosted by Randy Keys, President and CEO and David Joe, Chief Financial Officer.
| Date: | Tuesday, November 8, 2016 |
| Time: | 11:00 a.m. Eastern (10:00 a.m. Central) |
| Call: | 1-855-327-6837 (United States & Canada) |
| 1-631-891-4304 (International) | |
| Web: | To listen live via webcast over the Internet, go to http://www.evolutionpetroleum.com |
A replay will be available two hours after the end of the conference call through November 15, 2016, and will be accessible by calling 1-844-512-2921 (US & Canada); 1-412-317-6671 (International) with the passcode 10001875.
Delhi Field Update
The Delhi field has continued to perform above expectations and Evolution is providing an update on Delhi production for the quarter ended September 30, 2016. The preliminary estimate of gross production from the field is in excess of 7,350 barrels of oil per day (“BOPD”), or 1,926 BOPD net to the Company. This gross production represents a 5.5% sequential increase over the prior quarter. The estimate does not include any incremental oil or natural gas liquid (“NGL”) production from the NGL plant that is scheduled for completion and startup testing during the current quarter, with commercial production expected to commence by January 2017.
The MicroCap Conference
Evolution Petroleum is scheduled to present at The MicroCap Conference in Philadelphia, PA, to be held at the Hotel Monaco on October 24-25, 2016.
Randy Keys, President and Chief Executive Officer is scheduled to make a presentation at 3:30 p.m. Eastern Time on Monday, October 24, 2016. The presentation will be webcast live over the internet and can be accessed, along with the accompanying slides, from http://wsw.com/webcast/microcapconf2/epm . The presentation materials will be available on the Company's website the day of the event.
About Evolution Petroleum
Evolution Petroleum Corporation develops petroleum reserves and shareholder value by applying conventional and specialized technology to known oil and gas resources, onshore in the United States. Our principal asset is our interest in a CO 2 enhanced oil recovery project in Louisiana's Delhi Field. Additional information, including the Company's annual report on Form 10-K and its quarterly reports on Form 10-Q, is available on its website at www.evolutionpetroleum.com .
Cautionary Statement
All forward-looking statements contained in this press release regarding potential results and future plans and objectives of the Company involve a wide range risks and uncertainties. Statements herein using words such as "believe," "expect," "plans" and words of similar meaning are forward-looking statements. Although our expectations are based on engineering, geological, financial and operating assumptions that we believe to be reasonable, many factors could cause actual results to differ materially from our expectations and we can give no assurance that our goals will be achieved. These factors and others are detailed under the heading "Risk Factors" and elsewhere in our periodic documents filed with the SEC. The Company undertakes no obligation to update any forward-looking statement.
Company Contact: Randy Keys, CEO (713) 935-0122 rkeys@evolutionpetroleum.com
