Evolution Petroleum (EPM) Misses Q4 EPS by 1c; Approves FY12 Capital Budget

September 7, 2011 6:58 AM EDT
Evolution Petroleum (NYSE: EPM) reported Q4 EPS of $0.02, $0.01 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $3.17 million versus the consensus estimate of $3.13 million.

The board of directors has approved a flexible capital budget of up to $12 million, or more, as warranted by drilling results, establishment of joint ventures and other opportunities that may arise during the year.


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