Jeffrey T. Wilson Leads Imperial Petroleum, Inc. (IPMN) to Successful Diversification
Since 1993, Jeffrey T. Wilson has been the Chairman, President, and CEO of Imperial Petroleum, moving it into its current position of being a diversified energy company, with interests in biodiesel production, oil sands processing, as well as traditional oil and gas production. The acquisition of e-Biofuels gave Imperial an instant production capacity of 15 million gallons per year of biodiesel, expandable to 30 million gallons. Biodiesel sales for the quarter ended April 30, 2011, were approximately $36.5 million. In the area of non-traditional oil production, the company formed Arrakis Oil Recovery, to acquire a non-exclusive license for the development…