Evolution Petroleum Announces 2nd Quarter Fiscal 2013 Earnings Release Conference Call Schedule

Fri Feb 1, 2013 6:38pm EST

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HOUSTON,  Feb. 1, 2013  /PRNewswire/ -- Evolution Petroleum Corporation (NYSE
MKT: EPM) announced today that it will release financial results for its 2nd 
quarter of Fiscal 2013 after the market closes on  Tuesday, February 5, 2013. An
investor conference call to review the results will be held on  Wednesday,
February 6, 2013  at  11:00 a.m.  Eastern (10:00 a.m.  Central). The call will
be hosted by  Robert Herlin, Chairman and CEO,  Sterling McDonald, Chief
Financial Officer, and  Daryl Mazzanti, Vice President of Operations.

 Date:      Wednesday, February 6, 2013                                                                                                                                                                                                              
                                                                                                                                                                                                                                                     
 Time:      11:00 a.m. Eastern (10:00 a.m. Central)                                                                                                                                                                                                  
                                                                                                                                                                                                                                                     
 Call:      1-800-860-2442 (United States)                                                                                                                                                                                                           
            1-412-858-4600 (International)                                                                                                                                                                                                           
            1-866-605-3852 (Canada)                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                     
 Internet:  To listen live and hear a rebroadcast over the Internet, go to  http://www.evolutionpetroleum.com                                                                                                                                        
                                                                                                                                                                                                                                                     
 Replay:    Available through February 20, 2013 and accessible by calling 1-877-344-7529 (US); 1-412-317-0088 (International) and using the Passcode 10024466. An archive of the webcast will be available after the call on the Company's website.  


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 as of 
June 30, 2012  included 13.4 MMBOE of proved reserves and 12.7 MMBOE of probable
reserves with PV-10* of  $445 million  and  $174 million, respectively, before
adjustment for divested noncore oil and gas assets in the Giddings Field, and no
debt.  Producing assets include a CO2-EOR project with growing production in 
Louisiana's Delhi Field, and producing wells and proved drilling locations in
the Lopez Field in South Texas.  Other assets include a 45% interest in a joint
venture in the Mississippian Lime play in  Oklahoma, and a patented artificial
lift technology designed to extend the life of horizontal wells with oil or
associated water production.  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 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 and income and cash flows 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.

* PV-10 of proved reserves is a pre-tax non-GAAP measure reconciled to the
after-tax Standardized Measure of Future Net Cash Flows below.  We believe that
the presentation of the non-GAAP financial measure of PV-10 provides useful and
relevant information to investors because of its wide use by analysts and
investors in evaluating the relative monetary significance of oil and natural
gas properties, and as a basis for comparison of the relative size and value of
our reserves to other companies' reserves.  We also use this pre-tax measure
when assessing the potential return on investment related to oil and natural gas
properties and in evaluating acquisition opportunities.  Because there are many
unique factors that can impact an individual company when estimating the amount
of future income taxes to be paid, we believe the use of a pre-tax measure is
valuable for evaluating our Company.  PV-10 is not a measure of financial or
operating performance under GAAP, nor is it intended to represent the current
market value of our estimated oil and natural gas reserves. PV-10 should not be
considered in isolation or as a substitute for the Standardized Measure as
defined under GAAP, and reconciled below.  Probable reserves are not recognized
by GAAP, and therefore the PV-10 of probable reserves cannot be reconciled to a
GAAP measure.

The following table provides a reconciliation of PV-10 of each of our proved
properties to the Standardized Measure.

                                                                For the Years Ended June 30                                    
                                                                       2012                         2011                  
                                                                                                                          
 Estimated future net revenues                                  $      858,510,526           $      741,212,773           
 10% annual discount for estimated timing of future cash flows         (412,995,901)                (365,874,315)         
 Estimated future net revenues discounted at 10% (PV-10)               445,514,625                  375,338,458           
 Estimated future income tax expenses discounted at 10%                (161,917,132)                (146,890,504)         
 Standardized Measure                                           $      283,597,493           $      228,447,954           


Company Contact:  
Sterling McDonald, VP & CFO  
(713) 935-0122
smcdonald@evolutionpetroleum.com

SOURCE  Evolution Petroleum Corporation

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