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