Empire Petroleum (EP) investor relations material

Company overview and business model

• Independent energy company focused on unlocking value in developed oil and natural gas assets in the U.S.

• Operates through wholly-owned subsidiaries in New Mexico, Texas, North Dakota, Louisiana, and the Rockies.

• Strategy centers on optimizing well production, reducing unit operating costs, and targeting acquisitions in predictable, long-life fields.

• Emphasizes building reserves in strategic plays and scaling high-quality assets for operational synergies.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including capital expenditures, debt repayment or refinancing, acquisitions, and repurchases or redemptions of securities.

• Pending specific application, funds may be invested in short-term marketable securities or used to reduce indebtedness.

Risk factors and disclosures

• Investment involves significant risks, including those detailed in annual and quarterly SEC filings and future supplements.

• Risks could adversely affect business, financial condition, or results, potentially leading to a decline in trading price or loss of investment.