In short, we had another solid quarter with a 24% increase of net earnings over the previous quarter to about $1.3 million, or $0.05 per basic share and $0.04 per diluted share. Revenues increased about 20% over the previous quarter to $4.6 million and net production increased by about 12% to 569 BOE per day.I'd like especially point out though that our production was 72% oil, 6% gas/liquids. Revenue in earnings growth continue to be driven by growing oil production at Delhi Field, and our Louisiana Light Sweet pricing there for crude oil averaged $115 in the quarter compared to about -- almost $106 in the prior quarter.
Evolution Petroleum's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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