Imperial Resources, via wholly owned subsidiary Imperial Oil & Gas, Inc., is pursuing a strategy of developing low-cost niche oil and gas properties within North America that represent minimal risk and maximum profit potential. The Company’s modular corporate structure ensures efficient localized project management and lean corporate overhead. With existing steady production via a 14.9% working interest in an initial phase exploration project in Colorado County, Texas (Cochran #1 well, producing since 2009) operated by industry top 10 company El Paso Corporation, IPRC is well positioned to aggress various other emerging opportunities.
Chief among said opportunities is a nearly secured 50% working interest in the Chisholm Trail Prospect in Oklahoma, which promises to be a “company maker” at fifteen wells on some 5k acres projecting 3.45M barrels of oil and 30B cubic feet of gas (7.5M BOE). Other opportunities include negotiations to acquire a Salt Water Disposal Project in the Barnett Shale, entry into an oil and gas lease agreement on some select acreage in Texas estimated at around 17k barrels and entry into a farmout agreement to potentially acquire acreage in the Stateline Infill Development Project at the established Sawyer Field in New Mexico.
A nearly boundless network of industry contacts grants IPRC daily access to a constant incoming stream of hot opportunities. This advantage is capitalized on by the Company’s in-house oil and gas legal services, land leasing and acquisition expertise, resulting in rapid evaluation of potential opportunities once identified. Record breaking projections of future global demand for oil and the strategic necessity of North American production combined have produced a potentially explosive market for IPRC.
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