Evolution Petroleum Announces Appointment of Myra Coleman Bierria to its Board of Directors

Rhea-AI Summary

Evolution Petroleum Corporation (NYSE American: EPM) has appointed Myra Coleman Bierria to its Board of Directors, effective September 8, 2022. Bierria, an accomplished attorney with expertise in corporate governance and securities law, serves as Vice President and Corporate Secretary for Southern Company. Her extensive background in energy and legal matters is expected to enhance the Board's effectiveness, particularly in maximizing shareholder returns. She will chair the new Sustainability Committee and participate in the Nominating and Corporate Governance Committee.

Positive

• Appointment of Myra Coleman Bierria brings extensive legal and energy sector experience.
• Bierria will chair the new Sustainability Committee, indicating a focus on ESG initiatives.
• Increased Board membership to six, enhancing strategic oversight.

Negative

• Potential concerns regarding continuity and integration of a new board member.
• No significant financial metrics or performance data disclosed in the announcement.

HOUSTON, TX / ACCESSWIRE / September 12, 2022 / Evolution Petroleum Corporation (NYSE American:EPM) ("Evolution" or the "Company") today announced the appointment of Myra Coleman Bierria to the Company's Board of Directors (the "Board"), effective September 8, 2022.

Ms. Bierria is an experienced attorney in the areas of corporate governance, securities law, and management of public company board of directors' matters. She was appointed in 2016 and currently serves as the Vice President and Corporate Secretary for Southern Company, a holding company for electric operating companies in three states and natural gas distribution companies in four states, mainly in the southern United States. Ms. Bierria was previously the Vice President and Corporate Secretary for Southern Company Gas (formally AGL Resources Inc.), an energy services holding company for Southern Company's natural gas distribution companies. She also previously served as a business and technology attorney at Brobeck, Phleger & Harrison LLP where she specialized in securities offerings, venture capital transactions, and general corporate matters. Ms. Bierria holds a JD from Georgetown University Law Center and BA from the University of California at Berkeley and is a member of the New York State Bar.

Robert Herlin, Chairman of the Board, commented "We are very pleased to welcome Myra to our Board with her decades of experience in energy and her extensive legal, corporate governance, and shareholder services background. Myra's addition brings our Board to an expanded six members and provides us with a needed skillset that will enhance the Board's effectiveness as we continue to focus on maximizing total shareholder return. Myra will chair our recently formed Sustainability Committee and serve on our Nominating and Corporate Governance Committee, and we look forward to benefitting from her guidance and experience."

About Evolution Petroleum

Evolution Petroleum Corporation is an independent energy company focused on maximizing total returns to its shareholders through the ownership of and investment in onshore oil and natural gas properties in the United States. The Company's long-term goal is to maximize total shareholder return from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties. Properties include non-operated interests in the Delhi Holt-Bryant Unit in the Delhi Field in Northeast Louisiana, a CO₂ enhanced oil recovery project; non-operated interests in the Hamilton Dome Field located in Hot Springs County, Wyoming, a secondary recovery field utilizing water injection wells to pressurize the reservoir; non-operated interests in the Barnett Shale located in North Texas, a natural gas producing shale reservoir; non-operated interests in the Williston Basin in North Dakota, a producing oil and natural gas reservoir; non-operated interests in the Jonah Field in Sublette County, Wyoming; and small overriding royalty interests in four onshore Texas wells. Additional information, including the Company's annual report on Form 10-K and its quarterly reports on Form 10-Q, is available on its website at http://www.evolutionpetroleum.com.

Company Contacts:

Kelly Loyd, Interim President and Chief Executive Officer
Ryan Stash, Senior Vice President & Chief Financial Officer
(713) 935-0122
KLoyd@evolutionpetroleum.com
RStash@evolutionpetroleum.com

SOURCE: Evolution Petroleum Corporation

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FAQ

Who is Myra Coleman Bierria?

Myra Coleman Bierria is the new Board member of Evolution Petroleum, an experienced attorney specializing in corporate governance and securities law.

What roles will Myra Coleman Bierria have on the Board?

She will chair the newly formed Sustainability Committee and serve on the Nominating and Corporate Governance Committee.

What is the significance of Bierria's appointment to EPM?

Her appointment is expected to enhance the Board's effectiveness and strategic direction, particularly in maximizing shareholder returns.

When did Myra Coleman Bierria join the Board of Evolution Petroleum?

She joined the Board on September 8, 2022.