AUSTIN, Texas, May 29, 2012 /PRNewswire/ -- Imperial Resources, Inc. (OTCBB: IPRC.OB, OTCQB: IPRC) and its wholly owned subsidiary, Imperial Oil & Gas, Inc. (together the "Company", "Imperial") is pleased to announce that the final plumbing and electrical wiring work at its largely rebuilt Green Tide Salt Water Disposal Facility ("SWDF") is underway .
All pipe work has now been delivered to the site. The electrical work in progress will continue contemporaneously with the other work scheduled this upcoming week. A roustabout crew is scheduled to start assembly of the piping work which was designed over the past two weeks, on Wednesday, May 30, 2012. Once the water leg and overhead pipes are installed the last two portable frac tanks can be moved into position, fibreglass retrofitting made, and hooked up. Upon arrival of the frac tanks the final fiberglass repairs to the frac tanks, the oil stock tank and a storage tank, all of which were pre-owned, will be completed.
The Company's electrical engineer contractor has finalised the safety shut off design and computer system and the Company is ordering the necessary equipment, including the pump control sensors required to automate SWDF operations. Upon delivery they will be installed prior to testing and placing the SWDF into commercial operation.
Lightning protection designs have been submitted and analyzed. Upon the completion of the surface structures, each tank will be independently grounded with lightning protection. The Company will use a lightning protection system that meets National Fire Protection Association installation standard NFPA 780, Underwriters Laboratories installation requirement UL 96A, and Lightning Protection Institute quality standards. This system must be in place prior to the acceptance of any delivery of produced water.
The on-going work at SWDF can be viewed at photo gallery on the Company's website at
The Company notes recent press comment on the positive effects of fracking; namely domestic energy independence as a result of frac gas, its on-going economic benefit in terms of jobs and revenues, and the displacement of more polluting fuels by abundant, clean gas. Imperial wholeheartedly concurs with this analysis and expects its SWDF to service buoyant frac water disposal demand in the Barnett shale for many years to come.
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.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.
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.
Rob Durbin, CEO
SOURCE Imperial Resources, Inc.