secwatch.observer — SEC 8-K summary
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Issuer:     EVOLUTION PETROLEUM CORP (EPM)
CIK:        0001006655
Form:       8-K
Filed at:   2022-01-21T23:59:59+00:00
Accession:  0001006655-22-000002
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Evolution Petroleum closes $25.9M Williston Basin asset acquisition; adds ~596 BOEPD
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- Acquired ~39% working interest in 73 producing wells across 47,500 net acres in North Dakota.
- Assets hold 2.0 MMbbls liquids + 1.6 Bcf natural gas; commodity mix 80% oil.
- Purchase price $25.9M, funded from cash on hand and borrowings under senior credit facility.
- Incremental production of ~596 BOEPD (based on Q3 2021 average) increases total output ~10%.
- Transaction expected to support quarterly dividend; limited drilling program expected to start in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006655/000100665522000002/0001006655-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006655/000100665522000002/epm-20220114.htm
  HTML page:      https://secwatch.observer/filing/0001006655-22-000002

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