Evolution Petroleum provides financials for $25.9M Williston Basin acquisition

EVOLUTION PETROLEUM CORP

Acquired properties generated $8.69M revenue and $4.00M direct op ex for nine months ended Sep 30, 2021.
For six months ended Dec 31, 2021, revenue was $6.49M with $2.38M direct op ex.
Proved reserves at Sep 30, 2021: 2.03M BOE (1.53M bbl oil, 0.29M bbl NGL, 1.22M Mcf gas).
Standardized Measure (PV-10) of reserves: $18.98M vs purchase price of $25.9M.
Acquisition funded with cash on hand and $16.0M draw on existing credit facility.

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