On this page of StockholderLetter.com we present the 4/29/2024 shareholder letter from EMPIRE PETROLEUM CORP — ticker symbol EP. Reading current and past EP letters to shareholders can bring important insights into the investment thesis.

 •  4/29/2024 Letter Continued (Full PDF)
 •  5/1/2023 EP Stockholder Letter
 •  4/30/2025 EP Stockholder Letter
 •  4/30/2026 EP Stockholder Letter
 •  More "Miscellaneous" Category Stockholder Letters
 •  EP Benford's Law Stock Score = 76

EP 4/29/2024 Shareholder/Stockholder Letter Transcript:

2023 Annual Report

p2018roxy Statement Notice of Annual Meeting of Stockholders to be held on May 16, 2018
Dear Shareholders,
Empire Petroleum made substantial investments and progress in 2023 and 2024 to date, laying the
operational and daily production foundation to drive significant improvements in our financial
performance in 2024 and beyond.
Based on our progress, we believe 2024 is shaping up to be a transformative year for our company and
shareholders. Our optimism is primarily due to the results and investments we are making, along with
the further technical understanding, to enhance the current drilling program and production in North
Dakota. The technical benefits will flow to our activities in our New Mexico Permian assets.
Looking ahead, we remain optimistic about the outlook for the oil and gas industry in general and
growth and prospects of Empire Petroleum specifically. Our strategic priorities for the coming year
include:
x
Commitment to Operational Excellence     seeking to optimize production efficiency while
prioritizing safety and environmental stewardship.
x
Strong Financial Position     ensuring Empire has the capital to implement its strategy while
focusing on cash flow generation and prudent cost management.
x
Strong Stakeholder Relationships     investing the time and resources to maintain positive
relationships and foster trust and collaboration with our shareholders, employees, partners,
customers, and local communities.
x
Environmental, Social, and Governance (ESG)     remain guiding principles in our business
practices, ensuring responsible resource development, community engagement, the wellbeing
of our team and community and a commitment to strong corporate governance practices.
We are excited about the opportunities to build long-term value and grateful for the continued trust and
support of our shareholders. I would like to thank our employees, consultants and vendors for their
continued hard work and dedication to advancing Empire   s strategic plan to drive production increases
and safely improve operating performance.
Michael R. Morrisett
President and CEO

4/29/2024 Letter Continued (Full PDF)

 

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