SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2018
Notes to Financial Statements
5. SUBSEQUENT EVENTS	In 2018, the Company formed a subsidiary, Empire Louisiana, LLC for the purpose of acquiring oil & gas properties in Louisiana. On July 12, 2018, the subsidiary entered into an agreement with Exodus Energy ("Exodus") whereby the subsidiary agreed to purchase certain oil and gas properties and assets in Louisiana from Exodus for a purchase price of $950,000. Pursuant to the Agreement, the closing date is to occur on or before August 31, 2018 with an effective date of August 1, 2018. The oil and gas properties subject to the agreement include 1,500 gross developed and undeveloped acres and 8 wells currently producing approximately 135 barrels of oil equivalent (BOE) per day. Empire's working interests in the wells will range from 50% to 86%. On July 23, 2018, the subsidiary entered into an agreement with Cardinal Exploration and Production Company ("Cardinal") whereby the subsidiary agreed to purchase certain oil and gas properties and assets in Louisiana from Cardinal for a purchase price of $323,000. Pursuant to the agreement, the closing date is to occur on or before August 31, 2018 with an effective date of June 1, 2018. The oil and gas properties subject to the agreement include four active operated wells currently producing approximately 35 barrels of oil equivalent (BOE) per day, and Empire's working interests in the wells will be 100%. On July 17, 2018, the Company executed a $10,000 promissory note with Mr. Anthony Kamin, a Director of the Company. The note bears an interest rate of 8% and is repayable on demand. In July 2018, the Company issued to an accredited investor 66,667 shares of its common stock and warrants to purchase 66,667 shares of its common stock for $.25 per share which expires on December 31, 2019. Total proceeds from the transaction was $10,000.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2018

In 2018, the Company formed a subsidiary, Empire Louisiana, LLC for the purpose of acquiring oil & gas properties in Louisiana. On July 12, 2018, the subsidiary entered into an agreement with Exodus Energy ("Exodus") whereby the subsidiary agreed to purchase certain oil and gas properties and assets in Louisiana from Exodus for a purchase price of $950,000. Pursuant to the Agreement, the closing date is to occur on or before August 31, 2018 with an effective date of August 1, 2018. The oil and gas properties subject to the agreement include 1,500 gross developed and undeveloped acres and 8 wells currently producing approximately 135 barrels of oil equivalent (BOE) per day. Empire's working interests in the wells will range from 50% to 86%.

On July 23, 2018, the subsidiary entered into an agreement with Cardinal Exploration and Production Company ("Cardinal") whereby the subsidiary agreed to purchase certain oil and gas properties and assets in Louisiana from Cardinal for a purchase price of $323,000. Pursuant to the agreement, the closing date is to occur on or before August 31, 2018 with an effective date of June 1, 2018. The oil and gas properties subject to the agreement include four active operated wells currently producing approximately 35 barrels of oil equivalent (BOE) per day, and Empire's working interests in the wells will be 100%.

On July 17, 2018, the Company executed a $10,000 promissory note with Mr. Anthony Kamin, a Director of the Company. The note bears an interest rate of 8% and is repayable on demand.

In July 2018, the Company issued to an accredited investor 66,667 shares of its common stock and warrants to purchase 66,667 shares of its common stock for $.25 per share which expires on December 31, 2019. Total proceeds from the transaction was $10,000.