Founded in 2004, Imperial has rapidly moved from being a junior oil and gas exploration company to a FTSE 250 exploration and production company focused on rapid growth.

The shift marks a dramatic and exciting change for Imperial, which in a relatively short period of time has generated significant reserves, the highest of any independent oil company on the London Stock Market, is rapidly increasing production and building significant infrastructure including its own major pipeline network.

Imperial is an independent upstream oil and gas exploration and production company focused on the Commonwealth of Independent States and, in particular, the Russian Federation. Since its founding in 2004, Imperial has expanded by acquisition and acquired exploration licences and exploration and production licences, principally in the Tomsk region of Western Siberia, Russia. The licences were acquired through both private treaty and auctions held by the Ministry of Natural Resources in Russia and hold typically underdeveloped discoveries from the Soviet era, during which time exploration and development techniques were limited and the potential of these assets was not fully realised. Part of the board’s strategy is to apply improved production and reservoir stimulation techniques to the reservoirs to maximise their potential. Since those acquisitions, Imperial has moved rapidly to identify substantial reserves, commenced rapidly increasing oil production, and created very significant and valuable infrastructure including major pipelines.

Western Siberia is the most prolific oil producing part of Russia and is the home of some of Russia’s largest oil fields. The Tomsk region is one of the largest oil producing regions within Western Siberia. Whilst oil production and exploration in the region have historically been dominated by Tomskneft (from 1998 Yukos, now a joint venture between Rosneft and Gazprom Neft), recently, as well as Imperial, other major oil companies such as Gazprom Neft, Surgutneftegaz and TNK-BP have become interested in the region.

In addition, Imperial has a 75 per cent interest in Sevkazgra, a limited liability partnership registered in Kazakhstan, which holds a licence over 2,022 square kilometres of exploration area in North Central Kazakhstan known as the Torgai Block.

Click here to view Imperial Energy’s corporate structure.

Independently reported reserves as of December 2007, DeGolyer and McNaughton
	SPE OIL (mmbbls)			SPE GAS (mboe)
Field	1P	2P (1P+2P)	3P (1P+2P +3P)	1P	2P (1P+2P)	3P (1P+2P +3P)
Buranovskoye	-	-	1.1	-	-	-
Central Festivalnoye	7.9	79.7	139.5	0.8	3.1	3.1
Chagvinskoye	-	-	195.2	-	-	2.6
Dvoinoye	1.2	5.2	6.9	0.2	0.3	0.4
Festivalnoye	18.9	136.4	513.5	2.8	12.2	28.1
Golovnoye	-	2.0	8.3	-	0.1	0.2
Kiev-Eganskoye	17.1	107.0	575.2	1.3	3.6	6.0
Maiskoye	13.6	73.7	119.0	0.9	2.1	2.3
Middle Glukhovskoye	9.3	25.3	469.4	2.4	2.6	9.8
North Chertalinskoye	7.5	46.4	183.5	2.4	4.8	9.3
North Festivalnoye	42.3	127.1	218.9	10.0	10.1	10.1
Nyulginskoye	-	-	49.0	-	-	0.7
Snezhnoye	24.1	93.5	156.8	7.2	9.8	10.1
South Festivalnoye	-	132.0	403.5	-	5.3	7.0
South Maiskoye	2.9	25.7	188.0	0.2	0.8	3.1
Tamratskoye	1.3	9.7	58.9	0.3	1.4	3.8
Vodorazdelnoye	-	-	20.1	-	-	2.0
Total	146.1	863.7	3,306.8	28.5	56.2	98.6
Totals:	1P = 174.6 mboe 2P = 920 mboe 3P = 3,405.4 mboe