Evolution Petroleum Corporation (AMEX:EPM)

CAPS Rating: 2 out of 5

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Player Avatar drdansil0 (< 20) Submitted: 1/20/2008 11:13:01 AM : Outperform Start Price: $3.80 EPM Score: +115.99

EPM is likely to be able to claim 10-15 million barrels of oil reserves once CO2 injection into the Delhi Field begins. The project is well capitalized through Denbury Resources, the company is flush with cash and they have a plan for longterm growth. They do not need to dilute the company with stock offerings since they will soon have the cash flow for all their projects.

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