AUSTIN, Texas, Sept. 24, 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 now been running commercial disposal
operations for over two weeks and operated as anticipated without
any material issues.
Green Tide has entered into agreements with several water
haulers in the area to deliver water to Green Tide on a
non-exclusive basis. Green Tide has been open during daylight hours
and several of the above mentioned water haulers have begun
delivering water without any material issues. Minor remedial work
identified during this period has been remedied without the need to
suspend operations or acceptance of water by Green Tide. Repairs
necessary to open the second offloading line will begin this week.
Continuing minor issues will be addressed as they occur. No
disruptions to service are expected.
The marketing effort will continue to be ramped up with the
solicitation of larger haulers expected to be engaged as customers.
Feedback from company operatives who have already disposed of water
has been very positive reflecting, amongst other things, the
convenient Green Tide location, its ease of access and the
abundance of space on its 42 acre site.
Demand for water disposal remains strong. The Company is
confident it can attract disposal business up to the full
operational limit of Green Tide.
Pictures of SWDF can be viewed at the updated 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.
