Jeff Gramp's questions to Evolution Petroleum Corp (EPM) leadership • Q1 2025
Question
Jeff Gramp from Alliance Global Partners questioned the expected timeline for a production response at the Delhi field following the resumption of CO2 purchases. He also inquired about the current M&A environment, including deal flow and seller sentiment.
Answer
COO J. Bunch and CEO Kelly Loyd explained that a production response from increased CO2 injection is typically seen relatively quickly, within about a month, and they expect to see some positive impact in the current fiscal quarter. Regarding M&A, Loyd described the market as active with many potential deals, while CFO Ryan Stash noted an increase in seller activity ahead of year-end, partly from divestitures related to large industry mergers.