EVOLUTION PETROLEUM CORP — Director's Dealing 2009

Jun 3, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2009-06-01

Reporting Person: LOVOI JOHN (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-06-01	Common Stock	S	260000	$2.7	Disposed	4412510	Direct

Footnotes

F1: Represents the sale of 185,250 shares of common stock by JVL Global Energy, LP, 67,250 shares of common stock by Navitas Fund, LP and 7,500 shares of common stock by Navitas Fund (QP), LP.

F2: The reporting person is the managing member of JVL Advisors, LLC, which is the general partner of each of JVL Global Energy, LP, Navitas Fund LP and Navitas Fund (QP), LP, and may be deemed to share the power to vote and the sole power to dispose of the shares of common stock held by those entities, thus he may also be deemed to be the beneficial owner of these shares of common stock. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.