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):
May 1, 2007
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 7.01 Regulation FD Disclosure
On May 2, 2007, the Registrant issued a press release announcing
the that it has completed testing on the Empire Cobble Cuesta 1-12-12N-34E,
in Nye County, Nevada and found no hydrocarbons, therefore the Company has
taken steps to plug and abandon the well. 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 May 1, 2007
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: May 1, 2007
Empire Petroleum Corporation
BY: /s/Albert E. Whitehead
Chief Executive Officer
EXHIBIT 99.1
NEWS RELEASE
TULSA, OKLAHOMA
May 1, 2007 For Immediate Release
EMPIRE ABANDONS NEVADA WELL
Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma based company,
announced today that it has completed testing on the Empire Cobble Cuesta 1-12
-12N-34E, Nye County, Nevada. Testing was carried out over several intervals
in the well; however no hydrocarbons were recovered. Therefore, the Company
has taken steps to plug and abandon the well.
The Company said it would study, along with geological and engineering
consultants, all of the data obtained from drilling, logging and testing to
determine if further drilling can be justified since it is possible that
excessive mud exposure in the hole for over 5 months may have seriously
impeded the recovery process.
Empire now has earned an additional 30% working interest by drilling the
Cobble Cuesta 1-12 well and now owns a 40% working interest in 75,521 acres
of leases in this prospect.
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