EMPIRE PETROLEUM CORP — Director's Dealing 2008

Mar 25, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EMPIRE PETROLEUM CORP (EMPR)
CIK: 0000887396
Period of Report: 1998-07-09

Reporting Person: Kinard John C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
1998-11-06	Common Stock	G	150000	$0.	Disposed	161331	Direct
1998-11-06	Common Stock	G	150000	$0.	Acquired	150000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
1998-07-09	Stock Option (right to buy)	$1.38	A	100000	Acquired	2008-07-09	Common Stock (100000)	Direct
2000-03-15	Stock Option (right to buy)	$.44	A	70000	Acquired	2010-03-15	Common Stock (70000)	Direct
2003-06-09	Stock Option (right to buy)	$.10	A	150000	Acquired	2013-06-09	Common Stock (150000)	Direct
2008-02-19	Stock Option (right to buy)	$.13	A	150000	Acquired	2018-02-19	Common Stock (150000)	Direct

Footnotes

F1: This transaction involved a gift of securities by the reporting person to his spouse, who shares the reporting person's household. The reporting person disclaims ownership of these shares, and this report should not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.