HOUSTON, Sept. 2, 2014 /PRNewswire/ -- Evolution
Petroleum Corporation (NYSE MKT: EPM) today announced a management
promotion as part of its normal succession planning, set the date
and time for its conference call to discuss financial results for
the fourth quarter of fiscal 2014 ending June 30, 2014 and announced its next investor
presentation.
Executive Promotion
As part of the Company's normal succession planning and in
recognition of contributions to date, the Board of Directors
elected Randy Keys, the current
Senior Vice President and Chief Financial Officer, to the
additional position of President. In this role, Randy will direct
daily operations of the Company in addition to continuing to serve
as Chief Financial Officer and head of marketing for the NGS
Technologies subsidiary that is commercializing the Company's GARP®
technology. The Company also is in the process of hiring a sales
engineer to assist in the commercialization.
Robert Herlin will continue to
serve as Chief Executive Officer and Chairman of the Board, and
said, "Randy has met our high expectations since joining Evolution
last January, and this promotion is one more step forward in our
plan to transition to a dual focus on continued upstream value
growth and commercialization of our artificial lift technology that
develops low cost incremental reserves. We believe that this
transition is positioning the Company to provide continued rewards
to shareholders through growing dividends and growth in share
value. We look forward to having Randy's fresh energy and
perspective at this more senior level."
Randy Keys added, "Our patented
GARP® technology solves a pressing industry need to maximize
production and extend the life of depletion drive reservoirs.
It is an exciting time for the Company and I look forward to
contributing to the success of the Company and its innovative
technology."
Earnings Conference Call
The Company expects to release its earnings after trading closes
on September 9, 2014 and hold a
conference call on September 10, 2014
at 11:00 a.m. Eastern (10.00 a.m. Central Time). The conference call
will be hosted by Robert Herlin,
CEO, Randy Keys, President and CFO,
and David Joe, VP and
Controller.
Date:
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Wednesday, September
10, 2014
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Time:
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11:00 a.m. Eastern
(10:00 a.m. Central)
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Call:
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1-877-300-8521
(United States)
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1-412-317-6026
(International)
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|
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Internet:
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To listen live and
hear a rebroadcast over the Internet, go to
http://www.evolutionpetroleum.com
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A replay will be available one hour after the end of the
conference call through September 24,
2014 at 9:00 a.m. Eastern and
accessible by calling 1-877-870-5176 (US); 1-858-384-5517
(Canada/International) and using
the Passcode 10051975. An archive of the webcast will be available
after the call on the Company's website.
Euro Pacific Capital Global Investment Conference
2014
Evolution Petroleum will present at the Euro Pacific Capital
Global Investment Conference to be held at the Sofitel Hotel in
New York City on September 9, 2014. Bob
Herlin, CEO and Chairman of the Company, will present at
2:30 p.m. Eastern. The presentation
will be webcast simultaneously and accessible from the Company's
website at www.EvolutionPetroleum.com.
About Evolution Petroleum
Evolution Petroleum Corporation develops incremental petroleum
reserves and shareholder value by applying conventional and
specialized technology to known oil and gas resources, onshore in
the United States. Principal
assets include interests in a CO2-EOR project in
Louisiana's Delhi Field and a
patented technology designed to extend the life and increase
ultimate recoveries of depletion drive oil and gas wells.
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. Additional information
regarding GARP® is available on the www.garplift.com website.
Cautionary Statement
All statements contained in this press release regarding
potential results and future plans and objectives of the Company
are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. The
Company undertakes no obligation to update or review any
forward-looking statement, whether as a result of new information,
future events, or otherwise. Important factors that could cause
actual results to differ materially from our expectations include,
but are not limited to, those factors that are disclosed under the
heading "Risk Factors" and elsewhere in our documents filed from
time to time with the United States Securities and Exchange
Commission and other regulatory authorities. Statements regarding
our ability to complete transactions, successfully apply technology
applications in the re-development of oil and gas fields, realize
future production volumes, realize success in our drilling and
development activity and forecasts of legal claims, prices, future
revenues, income, cash flows, dividends and other statements that
are not historical facts contain predictions, estimates and other
forward-looking statements. Although the Company believes that its
expectations are based on reasonable assumptions, it can give no
assurance that its goals will be achieved and these statements will
prove to be accurate. Important factors could cause actual results
to differ materially from those included in the forward-looking
statements.
Company Contact:
Randy
Keys, President
(713) 935-0122
rkeys@evolutionpetroleum.com
SOURCE Evolution Petroleum Corporation