AUSTIN, Texas, July 23, 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 full testing on the rebuilt
Green Tide Salt Water Disposal Facility ("SWDF") will commence
today.
The new control panel was installed as expected on July 18, 2012 and initial testing of the
electronic depth sensors has been carried out successfully. The
Company will now commence testing the general plumbing integrity as
well as the operation of the transfer pumps upon completion of zero
calibrating the tank depth sensors.
Water will be pumped into the tanks to test the sensors, the
control panel and the emergency shut-offs. The Company
intends to methodically isolate each tank and section of plumbing
to test each individual element. Once the systems are online the
various tank electronics will act as redundancy backup for the
others.
Finally the computer system that manages the drop off stations
valves and transaction recording, based on identifying codes
inputted by disposal truck drivers, will be tested. Once testing
has been completed, commercial operations will begin
immediately.
Demand for water disposal remains strong and the Company is
pleased to note a surprising amount of activity in the Barnett
Shale despite the recent low gas prices. 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.
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 16, 2012. 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.
