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Empire Petroleum Corp EP

Empire Petroleum Corporation is an independent energy company that is engaged in optimizing developed production. The Company operates through its subsidiaries, including Empire New Mexico LLC, doing business as Green Tree New Mexico, Empire North Dakota LLC, Empire Texas LLC, and Empire Louisiana LLC. It is an independent operator in four geographic areas of the United States. It manages and influences production on operated properties. Empire New Mexico's assets primarily produce oil, with natural gas and natural gas liquids (NGLs) accompanying oil production. Empire New Mexico assets are located in Lea County, New Mexico, and consist of a contiguous and consolidated acreage position consisting of 48,000 acres held by production from approximately 670 wells. Empire North Dakota operates approximately 138 injection wells in North Dakota and western Montana. Empire Texas owns over 121 gross wells and approximately 30,000 net acres in the East Texas Basin.


NYSEAM:EP - Post by User

Post by KingOfSpadeson Oct 05, 2022 1:31pm
302 Views
Post# 35007130

False Disclosures

False Disclosures
Latest insider filings show
Pucket Land, change +1 million as of 5/17. False. Reflects the split shares. No new purchase.
Petroleum Ind (Pie) (Mulacek) change +424'500. False. Was there before. No new purchases.
Big Red Revocable Trust (Mulacek) change +378'750. False.  Was not reported earlier.
Five Sterling (Mulacek) change +343'750. False. No new purchases.
Mulacek through disclosed holdings owns 44,52% of Empire. Undisclosed holdings include family members. Cousin, nephews, all showing up in the S3 filed last year.
Same modus operandi as with Kina Pettoleum of Australia where Mulacek took control and then the company went bust and he moved it to BVI, out of prying eyes, and where Mulacek and family control several other companies.
Investors beware.
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