EVOLUTION PETROLEUM CORP - Director's Dealing 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2010-08-06

Reporting Person: MCAFEE ERIC A (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-06	Common Stock	S	2700	$5.453	Disposed	1737402	Indirect
2010-08-09	Common Stock	S	21187	$5.401	Acquired	1716215	Indirect
2010-08-10	Common Stock	S	15870	$5.30	Disposed	1700345	Indirect
2010-08-11	Common Stock	S	3735	$5.162	Disposed	1696610	Indirect
2010-08-12	Common Stock	S	8561	$5.115	Disposed	1688049	Indirect
2010-08-13	Common Stock	S	26116	$4.993	Disposed	1661933	Indirect
2010-08-16	Common Stock	S	27400	$4.663	Disposed	1634533	Indirect
2010-08-17	Common Stock	S	2200	$4.572	Disposed	1632333	Indirect
2010-08-18	Common Stock	S	5626	$4.419	Disposed	1626707	Indirect
2010-08-19	Common Stock	S	16200	$4.507	Disposed	1610507	Indirect
2010-08-20	Common Stock	S	70405	$4.519	Disposed	1540102	Indirect
2010-08-23	Common Stock	S	25000	$4.477	Disposed	1515102	Indirect
2010-08-24	Common Stock	S	12000	$4.429	Disposed	1503102	Indirect
2010-08-27	Common Stock	S	20580	$4.185	Disposed	1482522	Indirect
2010-08-30	Common Stock	S	34682	$4.210	Disposed	1447840	Indirect
2010-08-31	Common Stock	S	7738	$4.271	Disposed	1440102	Indirect
2010-09-01	Common Stock	S	317000	$4.029	Disposed	1123102	Indirect

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.