Nevada

Empire Petroleum Corp., Tulsa, is preparing to drill a second exploration well in western Nevada’s Gabbs Valley.

June 22, 2009

By OGJ editors
HOUSTON, June 22 – Empire Petroleum Corp., Tulsa, is preparing to drill a second exploration well in western Nevada’s Gabbs Valley.

The company applied for a federal drilling unit with the Bureau of Land Management in Reno. Approval is expected by early fall.

The next well is to be drilled to 6,000 ft or a depth sufficient to penetrate 500 ft into the Triassic formation, which the company believes is the source of the oil shows encountered in the first well ¾-mile away. Geochemical imaging validates the new location.

Empire Petroleum has a 57% working interest in the well and 85,145 acres of federal leases in the prospect area and is evaluating options to fund its share of the drilling cost.