AUSTIN, TX--(Marketwire - April 3, 2012) - Imperial Resources, Inc. (
Further to the funding announcement of March 7, 2012, the Company can now commence the rebuild. During the course of March 2012 there were a number of storms and heavy rain in the SWDF area. Weather conditions have now improved and ground works are due to be completed over the course of this and next week, weather permitting.
In parallel with the ground works on site, a team has been deployed to dismantle and prepare the replacement tanks purchased by the Company earlier in the year for transportation to the SWDF and installation once the ground works are complete. Contractors are being lined up to carry out the installation work to bring the SWDF into commercial operations as soon as possible.
Imperial expects the re-build of the site to be completed in the second quarter calendar 2012. Demand for disposal in the area continues to be very strong. 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.
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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.