Evolution Petroleum files financials for $27.5M Jonah Field acquisition; acquired entity net income $1.2M in 2021

EVOLUTION PETROLEUM CORP

Acquired Exaro Energy III LLC reported 2021 net income of $1.218M, vs net loss of $0.971M in 2020.
Total assets $42.998M; net PP&E $29.4M; long-term debt $9.75M at Dec 31, 2021.
Revenue rose to $18.492M in 2021 from $14.440M in 2020, led by natural gas sales of $22.6M.
Pro forma combined financials for Evolution filed as of Mar 31, 2022 and for nine months ended Mar 31, 2022 and FY ended Jun 30, 2021.

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