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Exhibit 99.1

 

 

Empire Signs Joint Venture and Financing Agreements with a London Based AIM Listed Company TXO Plc and Smart Win Legal Update

 

LEAWOOD, Kan., Tuesday, September 6, 2011 /PRNewswire-First Call/ -- Empire Energy Corporation International (Empire) (Pink Sheets: EEGC.pk - News) and its wholly owned subsidiary, Great South Land Minerals Ltd (GSLM) announced today that Empire and a London based company, TXO Plc, an AIM listed company on the London Stock Exchange, have concluded negotiation of the terms of a Joint Venture and Administration Agreement (JVA) for the proposed drilling of Bellevue and Thunderbolt oil wells in Tasmania Australia.  Further, Empire has provided TXO Plc with an option to invest up to $5 million via a convertible loan instrument, in exchange for a 49% interest in Empire’s Tasmanian exploration license, announced June 3, 2011, of which $100,000 has been advanced.

 

TXO Plc has been granted a further option by Empire to provide another convertible loan debt facility for $1,500,000 to meet Empire’s short term funding requirements and may extinguish up to approximately $2,680,000 of Empire’s debt.  This option may be converted at the


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