Empire Petroleum expands revolver credit line to $20 million

EMPIRE PETROLEUM CORP

Revolver commitment increased from $10M to $20M; monthly reduction raised to $250k beginning Dec 31, 2024.
Currently $8.4M drawn on the facility; maturity unchanged at December 29, 2026.
Increase provides over $11M in additional financial capacity for North Dakota development.
Loan secured by assets of Empire North Dakota LLC and Empire ND Acquisition LLC; guaranteed by Empire.
Amendment follows an oversubscribed $10M rights offering completed earlier in 2024.

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