Imperial Petroleum, Inc. (IPMN) Provides Investors with Update and Expectations of Strong Fourth Quarter Results
Earlier today after the opening bell, Imperial Petroleum, Inc. provided the investor community with a comprehensive update on its operations and current initiatives. President of Imperial Jeffrey T. Wilson stated, “We have purchased an initial site comprising 121 acres in Kentucky for the installation of our oil sands processing unit and have begun a program to lease surrounding acreage to increase our overall acreage position in this area and begin mining operations in October, 2011. We have established an operating facility in Houston, Texas for our subsidiary, Imperial Chemical Company, to manufacture SANDKLENE 950 in connection with the oil sands…