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Evolution Petroleum Corporation
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(Name of Issuer)
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Common Stock, $0.001
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(Title of Class of Securities)
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30049A107
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(CUSIP Number)
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Scott Bedford
235 Pine Street
Suite 1600
San Francisco, CA 94104
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
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October 6, 2009
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(Date of Event Which Requires Filing of this Statement)
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If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13D-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [X].
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Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
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* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No.
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30049A107
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Peninsula Capital Management, LP
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[_]
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(b)
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[X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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AF
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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California
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
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0
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8.
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SHARED VOTING POWER
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1,700,000
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARED DISPOSITIVE POWER
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[_]
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1,700,000
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
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PERSON
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1,700,000
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
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CERTAIN SHARES
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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6.19%
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14.
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TYPE OF REPORTING PERSON
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IA
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CUSIP No.
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30049A107
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Peninsula Master Fund, Ltd.
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[_]
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(b)
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[X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Cayman Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
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0
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8.
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SHARED VOTING POWER
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1,700,000
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARED DISPOSITIVE POWER
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[_]
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1,700,000
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
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PERSON
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1,700,000
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
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CERTAIN SHARES
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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6.19%
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14.
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TYPE OF REPORTING PERSON
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CO
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CUSIP No.
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30049A107
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Scott Bedford
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[_]
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(b)
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[X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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AF
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States of America
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
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1,969,510
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8.
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SHARED VOTING POWER
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1,700,000
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9.
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SOLE DISPOSITIVE POWER
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1,969,510
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10.
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SHARED DISPOSITIVE POWER
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[_]
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1,700,000
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
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PERSON
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3,669,510
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
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CERTAIN SHARES
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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13.37%
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14.
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TYPE OF REPORTING PERSON
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IN
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CUSIP No.
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30049A107
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Item 1.
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Security and Issuer.
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NO MATERIAL CHANGE FROM PREVIOUS 13D FILED ON NOVEMBER 21, 2008.
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Item 2.
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Identity and Background.
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(a)
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This Schedule 13D is being filed by Peninsula Capital Management, LP, a California limited partnership (the "Investment Manager"), (ii) Peninsula Master Fund, Ltd., a Cayman Islands exempted company (the "Master Fund"), and (iii) Scott Bedford, a citizen of the United States of America. These filers are referred to individually as a "Reporting Person" and collectively as "Reporting Persons".
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(b)
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The business office of the Reporting Persons is 235 Pine Street, Suite 1600, San Francisco, CA 94104.
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(c)
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The Master Fund is an investment fund, the Investment Manager is the investment manager of the Master Fund, and Mr. Bedford is the president of Peninsula Capital Management, Inc., which is the general partner of the Investment Manager. Mr. Bedford also serves as a managing member of Peninsula-JVL Capital Advisors, LLC, which is the general partner of Belridge Energy Advisors, LP ("Belridge").
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(d)
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None of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.
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(e)
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None of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction during the last five years, and no Reporting Person is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.
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Item 3.
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Source and Amount of Funds or Other Consideration.
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As of the date hereof the Investment Manager may be deemed to beneficially own 1,700,000 shares of common stock, $0.001 par value, ("Shares") of Evolution Petroleum Corporation (the "Issuer").
As of the date hereof the Master Fund may be deemed to beneficially own 1,700,000 Shares.
As of the date hereof Mr. Bedford may be deemed to beneficially own 3,669,510 Shares.
No borrowed funds were used to purchase the Shares reported herein, other than any borrowed funds used for working capital purposes in the ordinary course of business.
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Item 4.
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Purpose of Transaction.
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NO MATERIAL CHANGE FROM PREVIOUS 13D FILED ON NOVEMBER 21, 2008.
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Item 5.
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Interest in Securities of the Issuer.
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(a),(b)
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The percentage of beneficial ownership has been calculated based upon an aggregate of 27,446,519 Shares outstanding as of November 12, 2010, according to the Issuer's most recent Form 10-Q that was filed on November 15, 2010.
As of the date hereof, the Investment Manager and the Master Fund may each be deemed to beneficially own 1,700,000 Shares, or 6.19% of Shares of the Issuer and Mr. Bedford may be deemed to beneficially own 3,669,510 Shares, or 13.37% of Shares of the Issuer.
The Investment Manager shares the power to vote or direct the vote of 1,700,000 Shares to which this filing relates.
The Investment Manager has the sole power to vote or direct the vote of 0 Shares to which this filing relates.
The Investment Manager shares the power to dispose or direct the disposition of 1,700,000 Shares to which this filing relates.
The Investment Manager has the sole power to dispose or direct the disposition of 0 Shares to which this filing relates.
The Investment Manager specifically disclaims beneficial ownership in the Shares reported herein except to the extent of its pecuniary interest therein.
The Master Fund shares the power to vote or direct the vote of 1,700,000 Shares to which this filing relates.
The Master Fund has the sole power to vote or direct the vote of 0 Shares to which this filing relates.
The Master Fund shares the power to dispose or direct the disposition of 1,700,000 Shares to which this filing relates.
The Master Fund has the sole power to dispose or direct the disposition of 0 Shares to which this filing relates.
Mr. Bedford shares the power to vote or direct the vote of 1,700,000 Shares to which this filing relates.
Mr. Bedford has the sole power to vote or direct the vote of 1,969,510 Shares to which this filing relates.
Mr. Bedford shares the power to dispose or direct the disposition of 1,700,000 Shares to which this filing relates.
Mr. Bedford has the sole power to dispose or direct the disposition of 1,969,510 Shares to which this filing relates.
Mr. Bedford specifically disclaims beneficial ownership in the Shares reported herein except to the extent of his pecuniary interest therein.
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(c)
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The trading dates, number of Shares purchased and sold and price per Share for all transactions in the Shares by the Reporting Persons occurring on or after 60 days prior to October 6, 2009.
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(d)
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Not applicable.
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(e)
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Not applicable.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
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NO MATERIAL CHANGE FROM PREVIOUS 13D FILED ON NOVEMBER 21, 2008.
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Item 7.
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Material to be Filed as Exhibits.
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Exhibit A: Joint Filing Agreement.
Exhibit B: Transactions in the Shares by the Reporting Persons occurring on or after 60 days prior to October 6, 2009.
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PENSINSULA CAPITAL MANAGEMENT, LP*
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By:
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/s/ Scott Bedford
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Name:
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Scott Bedford
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Title:
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Principal
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PENINSULA MASTER FUND, LTD.*
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By:
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/s/ Scott Bedford
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Name:
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Scott Bedford
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Title:
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Director
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SCOTT BEDFORD*
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/s/ Scott Bedford
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January 18, 2011
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Date
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PENSINSULA CAPITAL MANAGEMENT, LP
|
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By:
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/s/ Scott Bedford
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Name:
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Scott Bedford
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Title:
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Principal
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PENINSULA MASTER FUND, LTD.
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By:
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/s/ Scott Bedford
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Name:
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Scott Bedford
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Title:
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Director
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SCOTT BEDFORD
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/s/ Scott Bedford
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Date of
Transaction
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Number of Shares
Purchase/(Sold)
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Price of Shares
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10/01/2009
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(7,600)
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3.00
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10/02/2009
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(74,794)
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2.97
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10/05/2009
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(125,731)
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2.96
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10/06/2009
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(61,806)
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2.99
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02/25/2010
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(2,700)
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4.71
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02/26/2010
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(11,400)
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4.60
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03/01/2010
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(8,400)
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4.51
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03/08/2010
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(11,290)
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4.60
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03/09/2010
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(100)
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4.60
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03/15/2010
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(600)
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4.60
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03/25/2010
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(2,000)
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4.60
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03/26/2010
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(100)
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4.60
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03/29/2010
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(3,240)
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4.60
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03/30/2010
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(57,139)
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4.60
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03/31/2010
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(4,100)
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4.60
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04/05/2010
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(100,000)
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4.97
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04/06/2010
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(9,540)
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5.80
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04/07/2010
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(14,901)
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5.57
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04/13/2010
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(5,400)
|
5.80
|
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04/14/2010
|
(28,089)
|
5.81
|
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04/15/2010
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(13,680)
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5.80
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06/25/2010
|
(35,000)
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5.39
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09/27/2010
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(10,000)
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5.81
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09/28/2010
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(10,000)
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5.71
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09/29/2010
|
(10,000)
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5.97
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10/01/2010
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(63,494)
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6.23
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10/04/2010
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(1,401)
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6.10
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10/05/2010
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(9,796)
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6.17
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10/12/2010
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(13,390)
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6.08
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10/13/2010
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(31,709)
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6.11
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12/20/2010
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(10,890)
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6.25
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12/21/2010
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(89,110)
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6.16
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12/22/2010
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(100,000)
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6.16
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12/27/2010
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(50,000)
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6.21
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12/28/2010
|
(50,000)
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6.24
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