Evolution Petroleum (EPM) purchased its first oil and gas properties in northern Louisiana's Delhi Field in September 2003 as part of our enhanced oil recovery initiative, and its second group of properties in northcentral Louisiana's Tullos Urania Field area in September 2004 and February 2005 as part of our bypassed resource initiative. Each executive team member has over 20 years of specialized experience in oil and gas operations, development, acquisitions and financing. The EPM team follows a strategy of outsourcing most of it property, corporate administrative and accounting functions, thereby allowing its staff to focus on increasing intrinsic value per common share.