Monday, August 1, 2011

Jeffrey T. Wilson Leads Imperial Petroleum, Inc. (IPMN) to Successful Diversification

Since 1993, Jeffrey T. Wilson has been the Chairman, President, and CEO of Imperial Petroleum, moving it into its current position of being a diversified energy company, with interests in biodiesel production, oil sands processing, as well as traditional oil and gas production.

The acquisition of e-Biofuels gave Imperial an instant production capacity of 15 million gallons per year of biodiesel, expandable to 30 million gallons. Biodiesel sales for the quarter ended April 30, 2011, were approximately $36.5 million. In the area of non-traditional oil production, the company formed Arrakis Oil Recovery, to acquire a non-exclusive license for the development of a revolutionary process for the recovery of oil from tar sands. In addition, Imperial operates 18 traditional oil and gas wells in Louisiana, and has interests in several other sites.

With a degree in mechanical engineering, Jeffrey Wilson began his oil and gas career with Exxon Company USA. He then went on to work with petroleum consulting firm Netherland, Sewell & Associates, and later joined Vintage Petroleum, where he eventually became an Executive VP and Director. He then joined LaTex Resources, an affiliate of Imperial, and was the founder of its principal operating subsidiary, LaTex Petroleum Corporation. He has held his current role leading Imperial since August of 1993.

Other Imperial directors:

• Annalee C. Wilson (Director) is President of HN Corporation, a company that operates retail franchise outlets in malls, as well as a restaurant and gift shop.
• Aaron M. Wilson (Director) is active in Imperial’s biofuels efforts for the Hoosier Biodiesel subsidiary, and has a dual degree in Business Economics and Political Science.
• John Ryer (Director) has extensive experience in financial management and capital formation, and was formerly employed by ING Investments, Pilgrim Mutual Funds, and Merrill Lynch.
• J. Gregory Thagard (Director) has an extensive oil and gas background, and was recently managing partner of Hillside Oil and Gas.

For additional information, visit the company’s website at www.ImperialPetroleumInc.com

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