Item 2.01 Completion of Acquisition or Disposition of Assets.
This Amendment No. 1 to the Current Report on Form 8-K of Evolution Petroleum Corporation (the “Company”) originally filed on February 13, 2024 (the “Initial Report”) is being filed for the purpose of providing the historical and pro forma combined financial information provided under Items 9.01(a) and (b) below for the Company’s acquisitions of certain non-operated oil and natural gas assets in the SCOOP and STACK plays in central Oklahoma (the “Transactions”). The Transactions included acquisitions of oil and natural gas assets from three different entities: Red Sky Resources III, LLC, Red Sky Resources IV, LLC, and Coriolis Energy Partners I, LLC.
The Company concluded the acquisition of oil and natural gas assets from Coriolis Energy Partners I, LLC (the “Coriolis Properties”) did not meet any thresholds in the significance tests within the significant subsidiary definition in Rule 1-02(w), Rule 405, and Rule 12b-2, thus the Company has concluded the acquisition of the Coriolis Properties was not significant to the Company.
The entities, Red Sky Resources III, LLC and Red Sky Resources IV, LLC, were under common control of management and did meet the thresholds in the significance tests within the significant subsidiary definition in Rule 1-02(w), Rule 405, and Rule 12b-2, thus this Current Report on Form 8-K/A (the “Amendment”) provides the financial statements for the properties acquired from Red Sky Resources III, LLC and Red Sky Resources IV, LLC (the “Red Sky Properties”) and the pro forma financial information required by Item 9.01 of Form 8-K, additionally, we have elected to provide pro forma information for the Coriolis Properties as we believe some readers may find such information useful. No other modifications to the Initial Report are being made by this Amendment. This Amendment should be read in connection with the Initial Report, which provides a more complete description of the Transactions.
Item 9.01 Entry into a Material Definitive Agreement.
(a) Financial Statements of Business Acquired. Combined Statement of Revenues and Direct Operating Expenses (modified to include depreciation, depletion and amortization) of the Red Sky Properties for the twelve months ended December 31, 2023 (audited), together with the accompanying Report of Independent Auditors, are set forth in Exhibit 99.1.
(b) Pro Forma Financial Information. The Unaudited Pro Forma Condensed Combined Financial Information of the Company as of December 31, 2023 and for the six months ended December 31, 2023 and the year ended June 30, 2023, are set forth in Exhibit 99.2.
(d) Exhibits.
