Evolution Petroleum (EPM) Posts Q4, FY2011 Financial Results
Evolution Petroleum Corp. reported an operations update and financial results for the fourth quarter and fiscal year-ended June 30, 2011, as well as outlined its capital plan for 2012. The company reported fourth-quarter revenue of $3.2 million, a substantial increase compared to revenues of $1.4 million for the comparable quarter of 2010. Net income for the fourth quarter of 2011 increased to $0.53 million, $0.02 per share, compared to net loss of $0.4 million, or $(0.02) per share, reported in the fourth quarter of 2010. For the full fiscal year 2011, Evolution Petroleum's net loss narrowed 90 percent to $0.2…