Evolution Petroleum Corp. Announces Fiscal Year 2006 Earnings Call

Evolution Petroleum Corporation announced that it filed its form 10-KSB for the year ended June 30, 2006 .

Management will host a conference call today to discuss these results at 4:30 p.m. Eastern Time (3:30 p.m. Central Time). To participate in the conference call, dial 877-704-5384. International callers, please dial: 913-312-1297. No Passcode is required.

The conference call will be webcast and can be accessed from the Company’s website at www.evolutionpetroleum.com as well as from http://viavid.net/dce.aspx?sid=000035E3. For those who are unable to listen to the webcast live, an indexed recording of the call will be posted on the Company’s website following the call’s completion.

A telephone replay will also be available for one week beginning at 7:30 p.m. (Eastern Time) on September 27, 2006, and can be accessed by dialing 1-888-203-1112 or 1-719-457-0820 (international callers) and entering pin number 1040577.

About the Company:

Evolution Petroleum Corporation (http://www.evolutionpetroleum.com) acquires mature oil and gas resources, and applies conventional and specialized technology to accelerate production and develop incremental reserves and value. The Company currently owns a 25% reversionary working interest and a 7.4% overriding royalty interest in the 13,636 acre Delhi Holt Bryant Unit, a 25% working interest in certain other depths in the Delhi Field and 100% working interests in smaller fields, all located onshore Louisiana. Having already produced 190 million barrels of oil through primary and secondary recovery methods, the Delhi Holt Bryant Unit is scheduled for redevelopment using CO2 enhanced oil recovery technology. The Company is actively engaged in additional development projects.

Contact:

Integrated Corporate Relations
Kathleen Heaney, 203-803-3585

Source: Evolution Petroleum Corporation