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January 27, 2014
09:08 EDTEPMEvolution Petroleum enters to install GARP technology on ten wells
Evolution Petroleum announced that it has entered into an agreement with a large independent oil and gas operator to install its patented GARP artificial lift technology on 10 of the operator's wells. All of the wells are located in the Giddings Field in central Texas, with an option to extend to additional wells. The GARP technology is marketed by NGS Technologies, a wholly owned subsidiary of Evolution Petroleum. Under the terms of the master agreement, NGS Technologies' subsidiaries will provide use of the technology, pay a portion of the installation costs and oversee the installation in return for a continuing contract fee equal to 25% of the net profits from each well for as long as the technology is utilized.
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February 3, 2016
19:06 EDTEPMEvolution Petroleum completes separation of GARP operations
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19:03 EDTEPMEvolution Petroleum reports Q2 EPS 2c, consensus 6c
Reports Q2 revenue $6.56M, consensus $8.17M. Reports Delhi net production 1,801 BOPD, up 6% sequentially. Reports Delhi average realized oil price $39.59 per barrel, down sequentially from $46.70 per barrel. Reports Delhi lifting costs $13.44 per barrel, down 18% from $16.37. Reports net working capital $13.7M.

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