Evolution Petroleum: An Audit Found Nearly $2 Million And There May Be More
2025-07-02 07:39:40 ET
Evolution Petroleum ( EPM ) reported today (July 1) that it exercised its right to audit the books of the operator that operates the Barnett Shale (natural gas producing) properties. The audit covered the years of 2022 and 2023. So far, there is evidently a preliminary agreement that $1.8 million is owed to the company as management continues to examine the results of the audit. It would be hard to find a more important right than the right to audit an operator's books to review expenses incurred to keep costs accurate and operations efficient. This is not the first time that this company has had a dispute in costs over the years. It will likely not be the last. For a company this small, this is an important addition to cash flow before the fiscal year closes at the end of June....
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Evolution Petroleum: An Audit Found Nearly $2 Million And There May Be More
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