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Imperial Petroleum
(OTC BB: IPMN)
Jeff Wilson, CEO & Chairman
Imperial Petroleum, Inc. is a diversified energy and mineral mining company. As of October 31, 2008, the Company operated 76 oil and gas wells in Texas and Louisiana, and owned an interest in an additional approximately 280 wells operated by others. In addition the Company owns an inactive gathering system comprised of approximately 15 miles of buried steel line in Kentucky, as well as the rights to several inactive gas wells as part of its New Albany Shale play. Net daily production from the Company’s oil and gas properties was approximately 73 barrels of oil per day (bopd) and 69 million cubic feet per day (mcfpd) as of October 31, 2008. The Company’s estimated net proven oil and gas reserves as of July 31, 2008, were 444 million barrels of oil (mbo). The Company is the operator and owner of the Duke Gold Mine in Utah.