Imperial Resources, Inc. SWDF Clean Up Approved
April 03 2012 - 9:17AM
Marketwired
Imperial Resources, Inc. (OTCBB: IPRC) and its wholly owned
subsidiary, Imperial Oil & Gas, Inc. (together the "Company,"
"Imperial") is pleased to announce that the regulatory authorities
have approved the clean-up work at its Green Tide Salt Water
Disposal Facility ("SWDF").
Further to the funding announcement of March 7, 2012, the
Company can now commence the rebuild. During the course of March
2012 there were a number of storms and heavy rain in the SWDF area.
Weather conditions have now improved and ground works are due to be
completed over the course of this and next week, weather
permitting.
In parallel with the ground works on site, a team has been
deployed to dismantle and prepare the replacement tanks purchased
by the Company earlier in the year for transportation to the SWDF
and installation once the ground works are complete. Contractors
are being lined up to carry out the installation work to bring the
SWDF into commercial operations as soon as possible.
Imperial expects the re-build of the site to be completed in the
second quarter calendar 2012. Demand for disposal in the area
continues to be very strong. 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),
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 Imperial Resources, Inc. Telephone: 512
322-5740 http://www.imperialresourcesinc.com/pages/contact
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