AUSTIN, Texas, June 28, 2012 /PRNewswire/ -- Imperial
Resources, Inc. (OTCBB: IPRC.OB, OTCQB: IPRC) and its wholly owned
subsidiary, Imperial Oil & Gas, Inc. (together the "Company",
"Imperial") is pleased to announce that Imperial has commenced
installation of a full lightning protection system at its largely
rebuilt Green Tide Salt Water Disposal Facility ("SWDF").
The installation is estimated to take three to four days,
subject to weather conditions, which currently look good. The work
is anticipated to be completed this week in the run up to
commencing a full test of the rebuilt SWDF. The lighting protection
system is designed to divert and ground a lightning strike and also
includes the grounding of all of the fibreglass tanks to dissipate
static build up.
The remainder of the completion work is also underway, transfer
pumps have been installed and are in the process of being plumbed
in along with fitting of the tank depth sensors and commissioning
of the computer control system. Subject to there being no
unexpected delays due to weather, contractors or materials
delivery, the Company anticipates commencing a full test of the
SWDF next week, once all works are complete. Subject to successful
testing, Imperial looks forward to commencing commercial
operations.
The Company is confident it can attract disposal business up to
the full operational limit of the SWDF once it is functioning,
which the Company believes will provide substantial cashflow.
The on-going work at SWDF can be viewed at the updated photo
gallery on the Company's website at:
http://www.imperialresourcesinc.com/pages/projects?id=28.
About Imperial Resources, Inc.
Imperial Resources, Inc., through its wholly owned subsidiary,
Imperial Oil & Gas, Inc. has a highly focused, risk-averse
strategy of building a substantial portfolio of oil and gas assets
through its access to niche, low risk oil and gas opportunities in
the onshore U.S. Imperial aims to exploit projects which can
deliver cash flows normally associated with higher risk projects
but without exposure to high risk failure rates.
To find out more about Imperial Resources, Inc. (OTCBB:
IPRC.OB), visit our website at www.imperialresourcesinc.com.
Details of the Company's business, finances, appointments and
agreements can be found as part of the Company's continuous public
disclosure as a reporting issuer under the Securities Exchange Act
of 1934 filed with the Securities and Exchange Commission's EDGAR
database.
Forward-Looking Statements
Statements in this news release that are not statements of
historical fact are forward-looking statements, which are subject
to certain risks and uncertainties. Forward-looking
statements can often be identified by words such as "expects,"
"intends," "plans," "may," "could," "should," "anticipates",
"assumes", "likely," "believes" and words of similar import.
Forward-looking statements are based on current facts and analyses
and other information that are based on forecasts of future
results, estimates of amounts not yet determined and assumptions of
management. Actual results may differ materially from those
expressed or implied by forward-looking statements due to a variety
of factors that may or may not be foreseeable or within the
reasonable control of the Company. Readers are cautioned not
to place undue reliance on such forward-looking statements.
Additional information on risks and other factors that may affect
the business and financial results of the Company can be found in
filings of the Company with the U.S. Securities and Exchange
Commission, including without limitation under the caption "Risk
Factors" in the Company's Annual Report on Form 10-K filed on
July 14, 2011. Except as
otherwise required by law, the Company disclaims any obligations or
undertaking to publicly release any updates or revisions to any
forward-looking statement contained in this news release to reflect
any change in the Company's expectations with regard thereto or any
change in events, conditions or circumstances on which any such
statement is based.
Contact:
Rob Durbin, CEO
Telephone:
512 322-5740
http://www.imperialresourcesinc.com/pages/contact
SOURCE Imperial Resources, Inc.
