Evolution Petroleum Announces Fiscal First Quarter 2010 Earnings Release and Conference Call Schedule

HOUSTON, Nov. 4 /PRNewswire-FirstCall/ -- Evolution Petroleum Corporation (NYSE Amex: EPM) announced today that it will release its fiscal first quarter 2010 financial and operations results at approximately 6:00 a.m. Eastern on Thursday, November 12, 2009. In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Thursday, November 12 at 11:00 a.m. Eastern (10:00 a.m. Central). The call will be hosted by Robert Herlin, CEO, and Sterling McDonald, CFO.

    What:    Evolution Petroleum Fiscal First Quarter 2010 Earnings Conference
             Call
    When:    Thursday, November 12, 2009 at 11:00 a.m. Eastern (10:00 a.m.
             Central)
    How:     Live via phone - by dialing 480-629-9820 and asking for the
             Evolution call at least 10 minutes prior to the start time, or
             Live over the Internet - By logging onto the web at the address
             below
    Where:   http://www.evolutionpetroleum.com

For those who cannot listen to the live call, a telephonic replay will be available through November 19, 2009 and may be accessed by calling 303-590-3030 and using the pass code 4181633#. Also, an archive of the webcast will be available after the call on the Company's website.

About Evolution Petroleum
Evolution Petroleum Corporation (http://www.evolutionpetroleum.com) acquires known, onshore oil and gas resources and applies conventional and specialized technology to accelerate production and develop incremental reserves and value. The Company is well positioned to continue its development projects in CO2 based EOR, bypassed resources and low cost shale gas. Principal assets as of July 1, 2009 include 3.9 MMBOE of proved and probable reserves in the Giddings Field of Central Texas, 0.5 MMBO of proved and unproved reserves with 79 additional locations in South Texas, 13.6 MMBO of probable reserves in the Delhi CO2-EOR project in northeast Louisiana, 17,600 net acres of leases in shallow gas shale in Eastern Oklahoma and our proprietary artificial lift technology.

Additional information, including the Company's annual report on Form 10-K and its quarterly reports on Form 10-Q, can be accessed on its website.

    Company Contact:
    Sterling McDonald, VP & CFO
    (713) 935-0122
    smcdonald@evolutionpetroleum.com

    Lisa Elliott / lelliott@drg-e.com
    Jack Lascar / jlascar@drg-e.com
    DRG&E / 713-529-6600