Earnings Call Excerpt
Evolution Petroleum Corporation
F2Q09 Earnings Call
February 17, 2009 11:00 am ET
Executives
Robert Herlin – President and Chief Executive Officer
Sterling McDonald – Chief Financial Officer
Lisa Elliott – Senior Vice President, Dennard Rupp Gray & Easterly
Analysts
Phil McPherson - Global Hunter
Richard Rossi – Wunderlich Securities
Richard Feldman - Monarch Capital
Presentation
Operator
Welcome to the Evolution Petroleum second quarter earnings conference call. During today’s presentation all parties will be in a listen-only mode. Following the presentation, the conference will open for questions. (Operator Instructions).
I would now like to turn the conference over to Lisa Elliott, Senior Vice President of DRG&E.
Lisa Elliott
Good morning and thank you every one for joining us for Evolution Petroleum conference call to review the second quarter of fiscal 2009, which ended December 31, 2008. Before I turn the call over to management, I have a few items to go over. If you would like to be on the company’s email distribution list receive future releases, please call DRG&E’s office at 713-529-6600, and someone will be glad to put you on that list.
If you wish to listen to a replay of today’s call it will be available in a few hours via web cast by going to the company’s website at www.evolutionpetroleum.com or via recorded replay available until February 24, 2009. To use the replay feature call 303-590-3000 and dial the pass code 11126478. Information recorded on this call is valid only as of today, February 17, 2009, and therefore time sensitive information may no longer be accurate as of the date of any replay.
Today, management is going to discuss certain topics that contain forward-looking information which is based management’s beliefs as well as assumptions made by and information currently available to management. Forward-looking information includes statements regarding expected future drilling results, production and expenses. Although management believes that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to be correct. Such statements are subject to certain risks, uncertainties and assumptions including among other things oil and gas price volatility, uncertainties inherent in oil and gas operations and estimating reserves, unexpected future capital expenditures, competition, governmental regulations and other factors described in the company’s filings with the Securities and Exchange Commission.
Should one or more of these risks materialize or should underlying assumptions prove incorrect, actual results may differ materially from those expected. Today’s call may also include discussion of probable and possible reserves or use terms like volume, reserve potential, or recoverable reserves. The SEC generally only allows disclosure of proved reserves in security filings and these estimates of non-proved reserves or resources are by their very nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk.
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