Empire Petroleum Corporation Hires Financial Advisor for Strategic Transactions

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (OTCQB: EMPR) (“Company”) announced today that the board of directors has retained Pritchard Griffin Advisors (“PGA”) to advise the company on its previously announced potential NW Louisiana transaction and on other prospective mergers, joint ventures and acquisitions for the Company.

Mike Morrisett, President of Empire Petroleum Corporation, commented, “We are very pleased to have PGA engaged with the Company. Their breadth of experience, knowledge, and contacts in most of the major oil and gas basins in the U.S., specifically within the East Texas/Louisiana Cotton Valley/Haynesville play, provides the Company with the confidence to implement our initial strategy within this region.” Shortly after our anticipated closing of the Haynesville-Cotton Valley fairway transaction, expected in early November, Tommy Pritchard, managing director and founder of PGA, will be appointed to our Board of Directors and assume a key senior management role within Empire.

ABOUT PRITCHARD GRIFFIN ADVISORS

Pritchard Griffin Advisors/Pritchard Energy Advisors was founded to serve the unique investment banking needs of the energy sector - upstream, mid-stream, downstream as well as renewables. Founding partners Tommy Pritchard and Ken Griffin have over 45 years’ experience in capital markets, mergers, acquisitions, and divestitures working on a global scale. The firm's principals have also closed strategic transactions on behalf of major companies in healthcare, heavy industry and emerging technologies.

ABOUT EMPIRE PETROLEUM CORPORATION

Empire Petroleum Corporation is an Oklahoma based energy company engaged in the business of oil and gas exploration and development in North America.

FORWARD-LOOKING STATEMENTS

This press release includes certain statements that may be deemed "forward-looking statements" within the meaning of the federal securities laws. All statements, other than statements of historical facts that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, including the ability of the company to continue as a going concern. Actual results may vary materially from the forward-looking statements. For a list of certain material risks relating to the company, see Empire Petroleum Corporation’s Form 10-K for the fiscal year ended December 31, 2016.

Contacts

Empire Petroleum Corporation
Mike Morrisett, 539-444-8002
President