HOUSTON, Aug. 2, 2013 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock.
The dividend is for the month of August 2013 and is payable on September 3, 2013 to holders of record at the close of business on August 15, 2013. The payment will be 1/12th of the 8.5% annualized amount, or approximately $0.177083 per share, based on the $25.00 per share liquidation preference.
The Series A Preferred Stock is listed on the NYSE MKT and trades under the ticker symbol "EPM.PRA."
About Evolution Petroleum
Evolution Petroleum Corporation develops incremental petroleum reserves and shareholder value by applying conventional and specialized technology to known oil and gas resources, onshore in the United States. Principal assets as of June 30, 2012 include 13.4 MMBOE of proved and 12.7 MMBOE of probable reserves, before adjustment for the divestment of noncore assets in the Giddings Field, and no debt. Producing assets include a CO2-EOR project with growing production in Louisiana's Delhi Field and producing wells and proved drilling locations in the Giddings Field and Lopez Field in Texas. Other assets include an interest in a joint venture in the Mississippian Lime play in Kay County, OK, and a patented artificial lift technology designed to extend the life of horizontal wells with oil or associated water production. Additional information, including the Company's annual report on Form 10-K and its quarterly reports on Form 10-Q, is available on its website at (www.evolutionpetroleum.com)
