Maiskoye field illumination pole
Imperial Energy Corporation is an independent oil and gas exploration and production company focused on creating value for shareholders through its ongoing three-tier strategy:
- increase its already substantial reserve base by successful exploration of its extensive licensed areas and to bring into production new fields thereby identified
- increase production by appraisal and development of its currently identified oil fields; and
- deliver its oil production to market by the creation of valuable infrastructure including its own pipeline network
Whilst Imperial does not rule out making strategic acquisitions in the future, the company’s emphasis remains on realising its substantial existing potential. Imperial’s reserve base and its expectation of bringing on production from those reserves, combined with the group’s ongoing infrastructure programme for field facilities and pipelines, demonstrate that Imperial has significant potential to grow organically.
The directors consider that the group is well placed to exploit the exciting opportunities available to it arising from its portfolio of licensed properties in Russia and Kazakhstan by expanding its reserves and resource base and by significantly increasing oil production in the future.
The directors believe that Imperial’s key strengths are:
- substantial licensed interests in Western Siberia
- significant reserve base with substantial parts of the licensed areas still in the process of being explored
- production increasing and anticipated near and medium term material increases
- extensive infrastructure being put in place to achieve production targets in line with expectations
- critical mass permitting economies of scale and brand recognition in dealings with suppliers and authorities in a major, oil rich region of Western Siberia
- young, Russian, expert and motivated workforce and experienced senior management