|By PR Newswire||
|September 2, 2014 07:38 PM EDT||
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.
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.
Wednesday, September 10, 2014
11:00 a.m. Eastern (10:00 a.m. Central)
1-877-300-8521 (United States)
To listen live and hear a rebroadcast over the Internet, go to
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.
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.
Randy Keys, President
SOURCE Evolution Petroleum Corporation
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