Imperial Energy Corporation Plc

Imperial Energy Corporation is an independent oil exploration and production company, focusing on creating value for shareholders through its ongoing three-tier strategy:

• Increased production by appraisal and development of reserves
• Continued exploration of its substantial acreage base
• Additional strategic acquisitions

In pursuing this strategy, Imperial is building on its existing asset base and moving towards establishing itself as a significant independent oil and gas producer in Russia and the CIS.

Founded in 2004, Imperial has rapidly moved from being a junior oil and gas exploration company to an exploration and production organisation focused on rapid growth. This shift marks a dramatic and exciting change for Imperial, which in a relatively short period of time has amassed not only sizable and highly promising acreage, but has started producing from a number of new wells.

The company is currently operating through four subsidiaries (Allianceneftegaz, Sevkazgra, Sibinterneft and Nord Imperial) located in two areas: Tomsk (Western Siberia, Russia) and Kostanai (Kazakhstan).

Imperial sees its future as being Commonwealth of Independent States (CIS)-centric. It is capitalising on five key factors:

• Proven hydrocarbon geology with some of the world’s largest oil fields

• Wealth of knowledge and experience in its Board of Directors and Senior Management;
• Stable and well-connected local partners;
• Proximity to existing infrastructure;
• Previously unrecognised opportunities due to poor Soviet-era well completion work.

 

Imperial’s evolution from junior explorer to a producing concern has been achieved by a considered and objective approach to expansion through focused acquisitions and exploration.

Furthermore, with Imperial’s ability to acquire 100% ownership of Blocks, it is able to ensure full benefits to the company.

In this way, the company’s medium-term objective for its production to have reached 25,000 bopd by 2008 is well within its reach.

Imperial built up a portfolio of properties amounting to 18,970.96 square kilometres.