Evolution Petroleum (EPM) is a small E&P company that has one resource to exploit: The CO2 flooded Delhi field in norther Louisiana. The field produces high netback LLS priced oil. Combined with the company's policy to return 40%-50% of cash flow as dividends to investors, EPM is an income play that's also directly and significantly levered to the price of oil. Add to that a recently completed 12-well infill drilling campaign that will likely lead to higher production and lower cap-ex. That means even if oil (and NGLs) pricing stays relatively stable, the