Imperial Resources, Inc.; SWDF Commercial Disposal Operations Successful
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.
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.
Rob Durbin, CEO
SOURCE Imperial Resources, Inc.