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Empire Petroleum : False Disclosures KingOfSpades 10/05/22 1:47 PM
Dubious, complex &furiously frequent related party transactions KingOfSpades 09/07/22 5:37 AM
I am wondering if this will dip below CashCowMoo 08/25/22 10:30 AM
Empire Petroleum / 10Q / bizarre related party disclosure KingOfSpades 08/21/22 4:29 PM
Empire Petroleum & Energy Evolution Fund fund each other KingOfSpades 08/10/22 9:52 AM
Litany of Fraud Lawsuits brought against Mulacek KingOfSpades 07/21/22 2:53 AM
Empire Petroleum leadership dumping stock KingOfSpades 07/01/22 12:20 PM
Pump and dump of Empire Petroleum coming to KingOfSpades 06/29/22 10:00 AM
Empire Petroleum Chairman Kamin dumps 79,166 shares KingOfSpades 06/22/22 5:17 PM
Woodlands TX77380 : PIE/MineralResources/Empire/EEF KingOfSpades 06/13/22 7:58 AM
The Mulacek web of corruption worsens... KingOfSpades 06/01/22 3:36 PM
EP trades like a microcap pump-n-dump KingOfSpades 05/13/22 8:43 AM
Phil Mulacek given three Empire directors as gift KingOfSpades 04/29/22 1:45 PM
Suspicious Related Party Transactions in Empire Petroleum KingOfSpades 04/25/22 7:17 AM
Mulacek &relatives embroiled in numerous lawsuits worldwide KingOfSpades 04/17/22 2:38 PM
Mother Of All Conflicts EP/EEF/Phil/Sterling KingOfSpades 04/11/22 8:17 AM
Empire Petroleum secretly controlled by Phil Mulacek & KingOfSpades 04/07/22 12:21 PM
Well? Cuppy 04/05/22 10:07 AM
Are you the "Ted" that has monopolized the Cuppy 04/04/22 7:30 PM
The labyrinthine offshore world of the Mulaceks KingOfSpades 04/01/22 3:53 PM
Latest Mulacek meltdown episode at Empire Petroleum KingOfSpades 03/31/22 3:49 PM
Empire Petroleum / ominous occurences KingOfSpades 03/30/22 4:39 PM
Broker got 1.2m EP shares Mulacek payoff for KingOfSpades 03/29/22 12:04 PM
*Sterling Mulacek subpoenaed in case involving Phil Mulacek* KingOfSpades 03/28/22 2:06 PM
Massive warrant selling now possible KingOfSpades 03/21/22 6:11 PM
Empire Petroleum dumping below uplist price, down ~20% today KingOfSpades 03/14/22 3:14 PM
Phil Mulacek controls Empire Petroleum with family holdings KingOfSpades 03/10/22 10:20 AM
EMPR moved to the NYSE AMEX from the OTC: Renee 03/08/22 9:29 AM
Chaos at Mulacek Ground Zero KingOfSpades 03/03/22 8:07 PM
Who is behind the Fund propping up Empire Petroleum? KingOfSpades 02/22/22 2:53 PM
Mason Matschke &Empire Petroleum's Outrageous Conflicts KingOfSpades 02/22/22 6:45 AM
Another secretive jurisdiction chosen by Phil Mulacek.. KingOfSpades 02/16/22 4:57 PM
EMPR last-hour trading spikes KingOfSpades 02/16/22 4:20 PM
More nefarious Mulacek dealings..... KingOfSpades 02/14/22 3:43 PM
The labyrinthine offshore world of the Mulaceks KingOfSpades 02/12/22 10:18 PM
Giant Red Flags for Mulacek Fund& EMPR KingOfSpades 02/11/22 4:07 PM
What happens when the EMPR selling begins? KingOfSpades 02/08/22 2:27 PM
Mulacek dodgy warrant transactions KingOfSpades 02/06/22 10:49 PM
EMPR bizarre trading activity KingOfSpades 02/02/22 12:41 PM
Mulacek's changing bankers KingOfSpades 02/02/22 12:25 PM
Whatever happened to Mineral Resources? KingOfSpades 02/01/22 4:45 PM
More Empire Petroleum &Energy Evolution Fund manipulations KingOfSpades 01/25/22 11:05 AM
Phil Mulacek's labyrinthine offshore shenanigans KingOfSpades 01/18/22 7:45 AM
Mulacek father&son cross-manipulation between EMPR&EEF KingOfSpades 01/14/22 11:03 AM
Check out the bizarre list of biggest EMPR KingOfSpades 01/05/22 11:48 AM
How many EMPR shares hidden in Mulacek offshore companies? KingOfSpades 01/03/22 10:44 AM
More sinister red flags on Empire Petroleum.... KingOfSpades 12/30/21 2:59 PM
A 100 share trade just popped EMPR 20%+ KingOfSpades 12/28/21 11:23 AM
Empire Petroleum a stock manipulation? Well read their KingOfSpades 12/21/21 2:01 PM
Empire / Mulacek Lawsuits / Kina KingOfSpades 12/17/21 12:15 PM
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Empire Petroleum Corporation (EMPR)

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Empire Petroleum Corporation Announces Acquisition of Oil and Gas Assets and a $20 Million Credit Facility with CrossFirst BankPress Release | 04/03/2019

Empire Petroleum Corporation (“Empire”) (OTCQB:EMPR) announced today that it has acquired producing oil and gas assets located in Billings, Bottineau, Bowman, Burke, McHenry, McKenzie, Mountrail, Renville, Stark & Williams counties in North Dakota and Richland & Sheridan counties in Montana through its wholly owned subsidiary, Empire North Dakota LLC. The assets were acquired from EnergyQuest II, LLC, in a transaction that has been previously reported by Empire in its filings with the Securities and Exchange Commission.

In connection with financing for the acquisition, Empire’s wholly owned subsidiaries, Empire Louisiana LLC d/b/a Empire Louisiana of Delaware and Empire North Dakota LLC entered into a first amendment of Empire’s existing senior revolver loan agreement with CrossFirst Bank located in Tulsa, Oklahoma. The first amendment increased (a) the initial revolver commitment from $1,350,000 to $9,000,000 and (b) and the maximum principal amount that may be advanced from $5,000,000 to $20,000,000.

The acquired producing assets are comprised of 184 producing oil and gas wells with predictable, low decline production profiles, low risk workover opportunities, undeveloped new drilling opportunities and other potential operating and production enhancements to improve unit operating costs and improve existing margins. The properties are currently producing approximately 375 BOEPD (Barrels of Oil Equivalent per Day), net to the Empire’s working interest and encompasses approximately 20,700 acres of leasehold. Empire North Dakota LLC will operate 139 wells, 19 in Montana and 120 in North Dakota.

“Our combined assets are now producing over 450 BOEPD, primarily oil,” stated Mike Morrisett, President. “The experienced team at CrossFirst Bank did an outstanding job processing an amendment to our original loan and facilitating the timely acquisition of these assets.”

CEO Tommy Pritchard added, “This acquisition continues our disciplined growth strategy to acquire and manage mature producing oil properties with predictable, low decline, long life production. These assets also have additional upside in undeveloped resources that we believe will allow Empire to maximize production while minimizing costs through a low-risk, low-cost drill program. The pipeline of growth opportunities remains robust and we are currently evaluating deal flow with a focus on building scale within our core geographical areas of operation.”

About Empire Petroleum Corporation

Empire Petroleum Corporation is a publicly-traded, Tulsa-based oil and gas company with current producing assets in Louisiana, North Dakota and Montana. Management is focused on targeted acquisitions of proved developed assets with synergies with its existing portfolio of wells. Empire looks for assets where its operational team can deploy rigorous field/well management techniques to reduce unit operating costs and improve margins while optimizing production. Empire works to create shareholder value through strong free cash flow generation.

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