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):
November 5, 2010
EMPIRE PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-20193 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 7.01 Regulation FD Disclosure.
On November 5, 2010, the registrant issued a press release announcing
that it has suspended operations on its Empire Paradise Unit 2-12 test well in
Nye County, Nevada. 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.
(d) Exhibits
99.1 Press Release dated November 5, 2010.
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: November 5, 2010
Empire Petroleum Corporation
BY: /s/Albert E. Whitehead
President and Chief Executive Officer
EXHIBIT 99.1
NEWS RELEASE
TULSA, OKLAHOMA
November 5, 2010 For Immediate Release
EMPIRE PETROLEUM SUSPENDS
OPERATIONS ON THE NEVADA TEST WELL
Empire Petroleum Corporation (OTCBB: EMPR), 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.
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