EMPIRE PETROLEUM CORPORATION
The Company continues to explore and develop its oil and gas interests. The ultimate recoverability of the Company's investment in its oil and gas interests is dependent upon the existence and discovery of economically recoverable oil and gas reserves, confirmation of the Company's interest in the oil and gas interests, the ability of the Company to obtain necessary financing to further develop the interests, and upon the ability to attain future profitable production.
COMON STOCK -$.001 par value, A/S - 100,000,000 SHARES
O/S - as of NOVEMBER 15,2010 was 83,069,235 SHARES
FLOAT~~~~~~ ~~~~~~~~~~~~~~~~~~~44,000,000 SHARES
Phone: (918) 488-8068
Securities Transfer Corp.
2591 Dallas Pky.
Frisco, TX, 75034
~Recent press releases...
TULSA, Okla.--(BUSINESS WIRE)-- Empire Petroleum Corporation (OTCBB:EMPR.ob - News), a Tulsa, Oklahoma based company, announced that it is suspending operations on its Empire Paradise Unit 2-12 well drilled recently in Nye County, Nevada. The Company has been testing the 2-12 well after perforating the well between 3,700 feet and 3,782 feet where oil shows were concentrated. During the swab testing the Company recovered small amounts of oil containing paraffin which was possibly restricting the oil flow, however the swab tests did not increase the flow rate. The Company said it expects a full analysis of the oil to be completed soon which will then be studied by engineers to determine if possibly a chemical additive might substantially increase the flow of oil. The Company had hoped to drill the well to the Triassic formation which is projected to be between 5,500 feet to 6,500 feet, however, drilling problems at 4,250 feet caused the Company to cease drilling and test the 3,700 feet level of the well.
~About the ceo...
Albert E. (Al) Whitehead
Albert E. WhiteheadAl Whitehead enrolled at Eastern in 1948 after being awarded a football scholarship. In 1950, his junior year, he was called to serve in the U.S. Army. He served in Korea with the Combat Engineers and was discharged in February of 1953. He returned to Eastern to complete his education, and in 1954 was elected student body president. Graduating with a bachelor's degree in business administration in 1955, Whitehead started a life-long career in the oil business with Union Oil of California in Midland, Texas. His career led him to Canada in 1959, where he was vice president of Altair Oil and Gas Company. He has founded and co-founded several oil companies and is currently chairman and C.E.O. of Empire Petroleum Corporation in Tulsa, Okla. Whitehead has been a member of the ENMU Alumni Board since 1985, serving on many important committees and supporting the alumni scholarship program. As a former Greyhound, he remains active in the ENMU Bench Club and helps with many fundraising activities. Whitehead is very instrumental in encouraging others to volunteer, whether it is for membership on the Alumni Board or support for various programs on the Eastern campus.
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