UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
June 19, 2009
EMPIRE PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 001-16653 73-1238709
(State or other jurisdiction (Commission file Number) (IRS Employer
of Incorporation) Identification No.)
8801 S. Yale, Suite 120 74137-3575
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (918-488-8068)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 Entry into a Material Definitive Agreement
Pursuant to a number of Assignments and a Bill of Sale dated May 18, 2009
between the Registrant and M & K Oil Company, Inc., the Registrant sold all of
its leasehold interest in its Cheyenne River Prospect and certain related
equipment to M & K Oil Company, Inc., for $169,946. For a description of the
Cheyenne River Prospect, see note 2 to the Registrant's financial statements
for the quarterly period ended March 31, 2009, which are contained in the
Registrant's Quarterly Report on Form 10-Q filed with the Securities and
Exchange Commission on May 14, 2009.
ITEM 7.01 Regulation FD Disclosure
On June 19, 2009, the Registrant issued a press release to announce
its listing on StockProfile, the sale of its Wyoming properties and the
status of its Nevada project. A copy of the press release is attached to
this report as Exhibit 99.1 and is being furnished pursuant to
Regulation FD.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release dated June 18, 2009
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized officer.
Date: June 19, 2009
Empire Petroleum Corporation
BY: /s/Albert E. Whitehead
Chief Executive Officer
EXHIBIT 99.1
NEWS RELEASE
TULSA, OKLAHOMA
June 19, 2009 For Immediate Release
EMPIRE PETROLEUM CORPORATION ANNOUNCES ITS
LISTING ON STOCKPROFILE, SALE OF WYOMING
PROPERTIES AND STATUS OF NEVADA PROJECT
Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma based
company, announced today that it has joined www.StockProfile.com, a
customized web-based platform showcasing emerging growth stocks.
StockProfile.com provides the investing public with a free unique
information portal for investors who like to conduct their own research
and make their own investment decisions. If you are interested in
viewing Empire Petroleum's profile, please visit www.StockProfile.com.
The Company also announced that it has sold its oil wells and
leasehold interest in its Cheyenne River Prospect located in the Powder
River Basin of Wyoming. The Company received about $170,000 in net
proceeds from this sale.
In Nevada, preparations are underway to drill a second test well in
the Company's Gabbs Valley Prospect, which will be located approximately
three fourths of a mile from our first test well. A new Federal drilling
unit application has been filed with the Bureau of Land Management in
Reno, Nevada, which we expect will be approved in early fall. It is
anticipated that the new test well will be drilled to 6,000 feet or to a
depth sufficient to penetrate 500' into the Triassic formation, which the
Company feels is the source for the oil shows encountered in the first
well. This location appears to be validated by W. L. Gore Company's
geochemical imaging survey carried out this past December. The Company
has a 57% working interest in the new test well and 85,145 acres of
federal oil and gas leases held in the prospect area. Management feels
the Company has developed a world class prospect with large reserve
potential and is currently exploring various options to finance its
portion of the cost to drill the second test well. The Company
anticipates the well will be spudded in late September.
Statements in this press release other than purely historical
information, including statements relating to the Company's future plans
and objectives or expected results, constitute "forward-looking
statements" within the meaning of federal securities laws. Forward-
looking statements are based on numerous assumptions and are subject to
all of the risks and uncertainties incident to the Company's business,
including risks inherent in oil and gas exploration and development and
other risks described in the reports and statements filed by the Company
with the Securities and Exchange Commission. As a result, actual results
may vary materially from those described in the forward-looking
statements.
For further information contact: Albert E. Whitehead, Chairman & CEO
tel: (918) 488-8068