Evolution Petroleum credit facility redetermination raises borrowing base to $50M, sets MCV at $125M

EVOLUTION PETROLEUM CORP

Borrowing base increased from $40M to $50M; Margined Collateral Value set at $125M.
Current outstanding $20M, utilization 16% below 25% hedging threshold; no additional hedges required.
If fully drawn ($50M), utilization 40% would require hedging 25% of future production on rolling 12-month basis.
Facility secured by substantially all oil and gas assets; next redetermination fall 2022.

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