2011-06-20-2011-06-02-2011-06-02

Acquired saltwater disposal unit in TX Barnett Shale.

Imperial Oil & Gas Inc., a subsidiary of Imperial Resources Inc., Austin, Texas, (OTCBB: IPRC) has completed the acquisition of the saltwater disposal facility in the Barnett shale in Texas.

The facility will be used for disposal of large volumes of salt water generated from essential fracture stimulation operations on Barnett shale gas wells. There are approximately 6,000 such wells within 20 miles of the facility.

It consists of a completed surface plant on approximately 41 acres of freehold land well and an existing shallow well bore. The facility has an existing permit for the disposal of up to 15,000 barrels of salt water per day, conditional only upon deepening the well bore into the Ellenberger formation. The investment in the facility by its original owner is estimated by the company to be more than $5 million.

Imperial plans to deepen the well and reopen the facility to dispose of up to 15,000 barrels of salt water a day.