Corporate Profile for Empire Energy Corporation, dated Jan. 7, 2000

Business Wire, Jan 7, 2000

Business Editors

--(BUSINESS WIRE)

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Published Date:   Jan. 7, 2000

Company Name:     Empire Energy Corporation

Address:          11011 King Street, Suite 260B
                  Overland Park, KS  66210

Main Telephone
 Number:          913/469-5615

Internet Home
 Page Address
  (URL)           www.empireenergy.com

Chief Executive
 Officer:         Norman L. Peterson

Investor Relations
 Contact:         Bryan S. Ferguson
 Business number: 913/469-5615

Public Relations
 Contact:         Bryan S. Ferguson
 Business number: 913/469-5615

Industry:         Oil & Gas Exploration, Gold Mining

Trading Symbol/
 Exchange:        EECID/OTC

Market Makers:    Olson Payne, Hill Thompson, Parragon, Sharpe Capital

Company description: Empire Energy Corporation is a Kansas City-based, diversified crude oil, natural gas and gold exploration and production company that operates both domestically and internationally. Empire relies on the use of technology available in the market and teams with strategic industry partners to further enhance its ability to effectively and adequately locate and extract oil, natural gas and gold reserves.

As of Dec. 1, 1999, Empire had entered into joint venture agreements with two such strategic partners which include: a 60% working interest in a new field discovery and production in Tennessee; and a 51% working interest in an Oklahoma LLC with an intriguing, potentially significant Central American oil play. Empire is finalizing plans to acquire the assets of a Ghana, West Africa, gold mining operation to further enhance its position in the international commodity market.

A conducive investment climate, coupled with Ghana's geology, has recently attracted numerous exploration companies. In addition to its gold exploration asset position, Empire's acquisition target retains a very favorable position for the tender of a trucking contract with the Ghanaian government.

As of December 22, 1999, there were 11,108,917 common shares (post split) issued and outstanding, with 352,474 shares in the float. A 2.5-for-1 forward split was conducted on Oct. 1, 1999.