Empire Petroleum Corp. Director Mulacek Buys 27646 Shares at $3.98-$4.04/Share.

Empire Petroleum Corp. [EP] has announced that Director and 10% Owner Phil E. Mulacek has engaged in a series of purchases of the company's shares. Specifically, Mr. Mulacek acquired 9,648 shares at a price of $3.98 per share on September 15, 2025, 6,689 shares at a price of $4.03 per share on September 16, 2025, and 20,609 shares at a price of $4.04 per share on September 17, 2025. These transactions indicate Mr. Mulacek's confidence in the company's future prospects and his commitment to its long-term success.

Phil E. Mulacek, a director and ten percent owner of Empire Petroleum Corp (EP), has recently purchased a substantial number of shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Mulacek acquired a total of 9,648 shares on September 15, 2025, at a price of $3.98 per share, 6,689 shares on September 16, 2025, at a price of $4.03 per share, and 20,609 shares on September 17, 2025, at a price of $4.04 per share. These transactions, which occurred during a period of market decline, reflect Mulacek's confidence in the company's future prospects and his commitment to its long-term success.

Mulacek's share purchases come at a time when Empire Petroleum Corp has been actively seeking to raise funds through a rights offering. The company recently announced that its rights offering has been fully subscribed, successfully raising approximately $2.5 million in gross proceeds before expenses. Additionally, the company has secured a unanimous ruling from the New Mexico Oil Conservation Commission, affirming its exclusive rights to produce from the Residual Oil Zone in the Eunice Monument South Unit in Lea County, New Mexico. This ruling permits the company to proceed with a CO₂ enhanced oil recovery pilot project over the next three years.

These recent developments highlight Empire Petroleum's strategic efforts to secure funding and expand its operational capabilities. As the company continues to navigate market fluctuations, the confidence demonstrated by its director in purchasing shares during a period of market decline signals a positive outlook for investors.