EVOLUTION PETROLEUM CORP — Director's Dealing 2008

Mar 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2008-02-27

Reporting Person: CAGAN LAIRD Q (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-27	Common Stock	S	250000	$4	Disposed	6214000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500000	Indirect
Common Stock	500000	Indirect

Footnotes

F1: (1) Represents shares held in trust for the benefit of the Reporting Person's minor child.