Energy Evolution Master Fund, Ltd. - Nov 29, 2023 Form 4 Insider Report for EMPIRE PETROLEUM CORP (EP)

Role: 10%+ Owner
Signature: /s/ Sterling Mulacek
Stock symbol: EP
Transactions as of: Nov 29, 2023
Transactions value $: $10,054,656
Form type: 4
Date filed: 12/1/2023, 04:44 PM
Previous filing: Dec 1, 2023
Next filing: Feb 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EP	Common Stock	Purchase	$10.1M	+1.26M	+22.71%	$8.00	6.79M	Nov 29, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person purchased the 1,256,832 shares from Empire Petroleum Corporation ("Empire") for an aggregate purchase price of $10,054,657.53, of which (a) $5,000,000 was paid in cash to Empire and (b) $5,054,657.53 was paid through cancellation and extinguishment of the outstanding principal amount and all accrued interest thereon under that certain Amended and Restated Promissory Note due December 31, 2024, in the original aggregate principal amount of $5,000,000, issued by Empire's wholly-owned subsidiary, Empire North Dakota LLC, to the reporting person.

Content

The reporting person purchased the 1,256,832 shares from Empire Petroleum Corporation ("Empire") for an aggregate purchase price of $10,054,657.53, of which (a) $5,000,000 was paid in cash to Empire and (b) $5,054,657.53 was paid through cancellation and extinguishment of the outstanding principal amount and all accrued interest thereon under that certain Amended and Restated Promissory Note due December 31, 2024, in the original aggregate principal amount of $5,000,000, issued by Empire's wholly-owned subsidiary, Empire North Dakota LLC, to the reporting person.