Evolution Petroleum Corp files 8-K/A for asset acquisition

TL;DR

EVO filed an 8-K/A for an asset deal that closed Feb 12th, more financials coming.

AI Summary

Evolution Petroleum Corporation filed an 8-K/A on April 24, 2024, to amend its previous filing regarding the completion of an acquisition or disposition of assets. The original event date was February 12, 2024. The filing includes financial statements and exhibits related to this transaction.

Why It Matters

This amended filing provides updated financial information and exhibits related to a significant asset transaction, offering clarity on the company's strategic moves.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, primarily providing updated financial statements and exhibits, rather than announcing new material events.

Key Players & Entities

• Evolution Petroleum Corporation (company) — Registrant
• February 12, 2024 (date) — Date of earliest event reported
• April 24, 2024 (date) — Date of report
• 1155 Dairy Ashford Road, Suite 425, Houston, Texas 77079 (address) — Business and mailing address

FAQ

Key Financial Figures

• $0.001 — nge On Which Registered Common Stock, $0.001 par value EPM NYSE American Indic

Filing Documents

• epm-20240212x8ka.htm (8-K/A) — 37KB
• epm-20240212xex23d1.htm (EX-23.1) — 3KB
• epm-20240212xex99d1.htm (EX-99.1) — 127KB
• epm-20240212xex99d2.htm (EX-99.2) — 693KB
• 0001558370-24-005610.txt ( ) — 1029KB
• epm-20240212.xsd (EX-101.SCH) — 3KB
• epm-20240212_lab.xml (EX-101.LAB) — 16KB
• epm-20240212_pre.xml (EX-101.PRE) — 10KB
• epm-20240212x8ka_htm.xml (XML) — 5KB

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets. This Amendment No. 1 to the Current Report on Form 8-K of Evolution Petroleum Corporation (the "Company") originally filed on February 13, 2024 (the "Initial Report") is being filed for the purpose of providing the historical and pro forma combined financial information provided under Items 9.01(a) and (b) below for the Company's acquisitions of certain non-operated oil and natural gas assets in the SCOOP and STACK plays in central Oklahoma (the "Transactions"). The Transactions included acquisitions of oil and natural gas assets from three different entities: Red Sky Resources III, LLC, Red Sky Resources IV, LLC, and Coriolis Energy Partners I, LLC. The Company concluded the acquisition of oil and natural gas assets from Coriolis Energy Partners I, LLC (the "Coriolis Properties") did not meet any thresholds in the significance tests within the significant subsidiary definition in Rule 1-02(w), Rule 405, and Rule 12b-2, thus the Company has concluded the acquisition of the Coriolis Properties was not significant to the Company . The entities, Red Sky Resources III, LLC and Red Sky Resources IV, LLC, were under common control of management and did meet the thresholds in the significance tests within the significant subsidiary definition in Rule 1-02(w), Rule 405, and Rule 12b-2, thus t his Current Report on Form 8-K/A (the "Amendment") provides the financial statements for the properties acquired from Red Sky Resources III, LLC and Red Sky Resources IV, LLC (the "Red Sky Properties") and the pro forma financial information required by Item 9.01 of Form 8-K, additionally, we have elected to provide pro forma information for the Coriolis Properties as we believe some readers may find such information useful. No other modifications to the Initial Report are being made by this Amendment. This Amendment should be read in connection with the Initial Report, which provides a more complete description of the

01 Entry into a Material Definitive Agreement

Item 9.01 Entry into a Material Definitive Agreement. (a) Financial Statements of Business Acquired. Combined Statement of Revenues and Direct Operating Expenses (modified to include depreciation, depletion and amortization) of the Red Sky Properties for the twelve months ended December 31, 2023 (audited), together with the accompanying Report of Independent Auditors, are set forth in Exhibit 99.1. (b) Pro Forma Financial Information. The Unaudited Pro Forma Condensed Combined Financial Information of the Company as of December 31, 2023 and for the six months ended December 31, 2023 and the year ended June 30, 2023, are set forth in Exhibit 99.2. (d) Exhibits. Exhibit No. Description 23.1 Consent of Moss Adams LLP 99.1 Combined Statement of Revenues and Direct Operating Expenses (modified to include depreciation, depletion and amortization) of the Red Sky Properties for the twelve months ended December 31, 2023 (audited) 99.2 Unaudited Pro Forma Condensed Combined Financial Information of the Company as of December 31, 2023 and for the six months ended December 31, 2023 and the year ended June 30, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Evolution Petroleum Corporation (Registrant) Date: April 24, 2024 By: /s/ RYAN STASH Name: Ryan Stash Title: Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K/A filing on SEC EDGAR