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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... see more

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Empire Petroleum Corp > Empire Petroleum & Energy Evolution Fund fund each other

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Post by KingOfSpades on Aug 10, 2022 9:51am

Empire Petroleum & Energy Evolution Fund fund each other

Read the Empire Petroleum 10Q for Q3 last year and look at related party transactions

Empire Petroleum (EP) invested $1.25m in Energy Evolution Fund (one of its largest investors and a fund invested almost solely in EP) for a good chunk of last year! How could there ever be a proper reason for an Energy company to invest in an Energy Hedge fund, for however short a period, let alone a fund that was a major investor in itself, whose chief investment officer was the chairman of the Energy company and whose Chief Compliance Officer was a Director of itself?!

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