EVOLUTION PETROLEUM CORP — Director's Dealing 2007

Jun 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2005-05-20

Reporting Person: MCAFEE ERIC A (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-20	Common Stock	S	200000	$1.00	Disposed	800000	Direct
2007-05-21	Common Stock	S	10000	$0.001	Disposed	790000	Direct
2005-09-01	Common Stock	S	1400	$1.60	Disposed	2698600	Indirect
2005-09-01	Common Stock	P	1400	$1.60	Acquired	2698700	Indirect

Footnotes

F1: Represents shares held by McAfee Capital, LLC an entity owned 100% by Mr. McAfee who has 100% voting and dispositive power
over such shares