AUSTIN, Texas, Oct. 8, 2012 /PRNewswire/ -- Imperial
Resources, Inc. (OTCQB: IPRC) and its wholly owned subsidiary,
Imperial Oil & Gas, Inc. (together the "Company", "Imperial")
is pleased to announce that its Green Tide Salt Water Disposal
Facility ("Green Tide") has begun to achieve daily traffic that is
expected to put the Green Tide subsidiary into operating
profitability, despite it being open for less than a month.
The revenues from the traffic achieved during the past week will
exceed the net operating costs for the same time period, even
without considering recovered oil sales. The Company is proud
that Green Tide has achieved this in less than a month,
demonstrating excellent demand for disposal in the area and the
facility's superior location.
Demand is robust: the next planned steps will be to put the
second offloading station into operation and to increase the
ability to pump stored water down-hole.
Demand for water disposal in the area is strong and the rapid
build of business at Green Tide shows that its position and access
is highly attractive to water haulers. The Company is confident it
can attract disposal business up to the full operational limit of
Green Tide.
Pictures of Green Tide can be viewed at the 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 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.
