EVOLUTION PETROLEUM CORP — Director's Dealing 2010

Dec 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2010-12-27

Reporting Person: PENINSULA CAPITAL MANAGEMENT, LP (Director)
Reporting Person: BEDFORD SCOTT (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-27	Common Stock	S	50000	$6.21	Disposed	1750000	Indirect
2010-12-28	Common Stock	S	50000	$6.24	Disposed	1700000	Indirect

Footnotes

F1: These securities are held in the accounts of investment funds over which Peninsula Capital Management, LP and Scott Bedford have investment discretion (the "Reporting Persons"). Peninsula Capital Management, LP is the general partner and/or the investment manager of such investment funds and Scott Bedford is the President of Peninsula Capital Management, Inc. which is Peninsula Capital Management, LP's general partner.