TULSA, Okla.–(BUSINESS WIRE)–Empire Petroleum Corporation (OTCBB:EMPR), a Tulsa, Oklahoma based company, announced today that it had suspended drilling operations on the Empire Cobble Cuesta 1-12-12N-34E, Nye County, Nevada, at a depth of 5,198 feet. The geology of the large Cobble Cuesta structure is more complicated than anticipated and, therefore, the Company has initiated a complete review of all the data obtained by drilling and logging the well. The Company said it would probably take at least three weeks to complete this study and make a decision as to whether further drilling or testing should be conducted.
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.
Empire Petroleum Corporation, Tulsa
Albert E. Whitehead, Chairman & CEO