Completion of Acquisition or Disposition of Assets Empire Louisiana LLC, a Delaware limited liability company d/b/a Empire Louisiana LLC of Delaware ("Empire Louisiana"), entered into an assignment, bill of sale and conveyance with Riviera Upstream, LLC formerly known as Linn Energy Holdings, LLC ("Riviera") dated October 25, 2018 (the "ABOS"). Empire Louisiana is a wholly owned subsidiary of Empire Petroleum Corporation (the "Company"). The ABOS was dated and signed by Riviera on October 25, 2018, and closed by Empire Louisiana on October 29, 2018. Pursuant to the ABOS, Empire Louisiana purchased certain oil and gas properties and assets from Riviera for a purchase price of $205,000. The effective date of the transaction under the ABOS is October 1, 2018. The oil and gas properties purchased include non-operated working interest in four producing wells and two salt water disposal wells in which Empire Louisiana already owns an operated interest. The foregoing description of the ABOS is only a summary, does not purport to be complete and is subject to, and qualified in its entirety by reference to, the ABOS, a copy of which is filed as Exhibit 2.1 attached hereto.
https://www.sec.gov/Archives/edgar/data/887396/000107261318000536/form10q_18265.htm Are we looking at a shell being "prepped" for something? In looking at the documents, it appears that the death of Gary Adams, son of Boots Adams was a major setback in whatever was being planned, but the facts that this little "mystery" remains a fully reporting entity, has attracted the interest of some fairly interesting investment bankers (Thomas Pritchard), still lists the acquisition of Masterson West II as "still in negotiation", and is showing small bits of activity makes me very curious. Any thoughts or comments?
