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Evolution Petroleum CEO Discusses F2Q2011 Results - Earnings Call Transcript

Stocks in this article: EPM

Information reported on the call today is valid only as of today, February 10, 2011 and therefore time sensitive information may no longer be accurate as of the date of any replay.

Today management is going to say certain topics that may contain forward-looking information, which are based on management believes as well as assumptions made by management and information currently available to them.

Forward-looking information includes statements regarding expected future dealing results production and expenses. Although management believes that these expectations reflect in such forward-looking statements are reasonable they can get no assurance that such expectations footprint to be correct. Such statements are subject to certain risks and uncertainties and assumptions, which are listed and described in the company’s filings with the Securities Exchange Commission. If one or more of these risks materialize or should underline expansions to prevent correct actual results may differ materially from those expected.

Also, today’s call may include discussions of probable or possible reserves or use terms like volumes, reserve potential or recoverable reserves. Please note that these estimates are non-proved reserves or resources all by their very nature more respectively different estimates of proved resources and reserves and accordingly, our subjects – greater risks. Now with that, I would like turn the call over to Bob Herlin Evolution’s Chief Executive Officer. Bob.

Robert Herlin

Thanks, Lisa. Please excuse, I’ve got a cold today as my voice (inaudible). Good morning to everybody and thank you for joining us today. As Lisa mentioned, this morning we released our financial operating results for the fiscal second quarter. So we’re just going to review some of the key events and numbers and projects. Sterling McDonald our CFO will provide some additional information on the financial number and then will take the question.

In the second quarter, we focused on continuing the development of our field acreage under our joint venture. We also drilled our first well in the mid-depth Haskell County, Oklahoma Shale project. We further benefited from the growing production at Delhi, which is continuing strongly as we enter calendar 2011.

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