HOUSTON, Aug. 8, 2013 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) announced today that it will present at EnerCom's The Oil & Gas Conference® 18 in Denver, to be held at the Westin Denver Downtown hotel on August 11-15, 2013. Robert S. Herlin, Chairman, President and Chief Executive Officer is scheduled to make a presentation on Tuesday, August 13, 2013 at 9:40 a.m. Mountain Standard Time ( 11:40 a.m. Eastern Standard Time) and will be joined by Sterling H. McDonald, Chief Financial Officer. The presentation will be webcast live over the internet and can be accessed, along with the accompanying slides, from http://www.investorcalendar.com/IC/CEPage.asp?ID=171271&CID=. The presentation materials will be available on the Company's website the day of the event. Recent Developments at Delhi Field The operator of the Delhi Field, where Evolution Petroleum Corporation ("Evolution") owns royalty interests and a reversionary working interest, recently reported on the status of a release of fluids discovered in June. The operator, a subsidiary of Denbury Resources, previously stated that the fluids released were primarily CO2 with smaller amounts of salt water, natural gas and a smaller amount of oil. The operator took immediate remedial action to stop the release and contain and remove all liquids in the affected area, and is working with government officials and agencies to complete the remediation. The cause of the leak is still under investigation by the operator. During the remediation, the operator has temporarily halted CO2 injection in the affected area surrounding one or more previously abandoned wells in order to relieve pressure during the remediation. Production from wells in the affected area has continued, but oil production from those particular wells has declined due to the reduced injection volumes that provide the necessary "drive" for tertiary oil production.
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.
Looking at the universe of stocks we cover at Dividend Channel, on 12/11/14, Evolution Petroleum Corp will trade ex-dividend, for its quarterly dividend of $0.10, payable on 12/31/14. As a percentage of EPM's recent stock price of $7.20, this dividend works out to approximately 1.39%, so look for shares of Evolution Petroleum Corp to trade 1.39% lower — all else being equal — when EPM shares open for trading on 12/11/14.