Empire Petroleum Corporation RESULTS for 3rd QUARTER 2024 empirepetroleumcorp.com NYSE American: EP
Disclaimer Forward Looking Statements This presentation has been prepared by Empire Petroleum Corporation (the Company) to assist Investor in making its own evaluation of the Company and any proposed transaction between the Company and…
3rd Quarter 2024 Financial and Operational Performance North Dakota Starbuck Drilling Program Completed first stage of EOR(1) activities, successfully converting three wells into injectors Q3-2024 Empire began preparations for…
3rd Quarter 2024 Financial Performance Q3 Net Production of 2,460 Boe (1) /day including 1,573 Bbl/day Boe/day is comprised 64% oil, 17% NGLs and 19% Natural Gas Rights Offering Net proceeds will be used for previous, current and…
Operating Strategy 2024 Outlook 1 North Dakota Williston Basin Completed its initial 13-well drilling program in the Starbuck Field in Q3-2024, with three injection wells expected to be instrumental in increasing production…
Operating Strategy 2024 Outlook North Dakota Williston Basin During Q4-2024, Empire is working on standard commissioning operations on the EOR equipment before the EOR can reach steady state, which is expected in Q1-2025 Empire…
Operating Strategy 2024 Outlook 2 New Mexico Permian Basin Empire continues the legal and regulatory actions against third-parties trespassing on the New Mexico water floods From May 2021 through September 2024, Empire estimates gross…
Financial Performance Completed a 10.0MM Rights Offering at 5.05 per share OPERATING LOSS (MM) Closed in November 2024 0.0 (0.5) Capital spend of 38.3MM for the nine months ended (1.0) 9/30/2024 (1.5) (1.9) Primarily related to…
Thank you Phil Mulacek, Chairman of the Board Mike Morrisett, President, CEO & Director 539.444.8002 infoempirepetrocorp.com Disclaimer: This presentation is for information purposes only and does not constitute an offer to…
Rockies Current Boe/day: 725 (1) Large working interest in several prolific fields centered around Bottineau County and Elm Coulee Field in Richland County, Montana We have identified strong upside in other fields for 2024 through…
New Mexico Current Boe/day: 1,486 (1) Contiguous 48,000 gross acre position in prolific Central Basin Platform, Permian, of Lea County, New Mexico Substantial oil in place with additional recovery potential from infills and…
Texas Current Boe/day: 239 (1) Principal producing asset in the Fort Trinidad Field in Houston and Madison Counties, Texas Over 30,000 net acres held-by-production Eagle Ford Stacked plays in multiple geologic horizons Group…
Corporate Responsibility and ESG Environmental Good corporate citizenship is a key part of our cultural identity, which includes being positive stewards to the environment and the communities in which we operate. Our focus on…
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