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Stock impact report

Evolution Petroleum acquires non-operated oil and gas assets across three states [Yahoo! Finance]

Evolution Petroleum Corporation, Inc. (EPM) 
NASDAQ:AMEX Investor Relations: evolutionpetroleum.com/investor-overview.php
Company Research Source: Yahoo! Finance
The $9m acquisition, effective 1 February 2025, was funded through cash and existing credit facilities. This strategic move aims to enhance Evolution's portfolio with a focus on long-life oil and gas properties. The acquisition is valued at approximately 3.4-times the estimated next 12 months adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation), based on current strip pricing. It is expected to add approximately 440 net barrels of oil equivalent per day (boepd) of stable, low-decline production, comprising 60% oil and 40% natural gas. This acquisition is set to provide enhanced cash flow visibility and strengthen long-term dividend sustainability. Evolution Petroleum's acquisition offers low-risk development opportunities with potential for incremental production growth. The $9m purchase price is set against an estimated $13m of Proved Developed PV-10, highlighting the strategic value of the assets. The company aims to maintain a diversified po Show less Read more
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