TULSA, Okla.–(BUSINESS WIRE)–Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma based company, announced that it has tested oil from its Empire Paradise Unit 2-12 well in Nye County, Nevada. The Company said that, although only a small amount of 30° gravity oil was recovered, it believes it is significant in that it establishes there is recoverable oil in the Cobble Cuesta Structure on which the well is being drilled. The Company said the well was now drilling below 4,155 feet with a projected depth of approximately 6,000 feet to test the Triassic Formation.
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.
Contacts
Empire Petroleum Corporation
Albert E. Whitehead, 918-488-8068
Chairman & CEO