Caught my EYE as checking closing numbers ...

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abstacey

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Caught my EYE as checking closing numbers ...

posted on Jul 18, 2011 06:14PM

I was checking the close today and reading various reports and this IPRC popped out at 39 cents a share.

Throwing it out from any banter here as to what readers might think.

News Releases


Imperial Resources, Inc. Independent Economic Summary Report on Key Oklahoma Resource Prospect 7/13/2011 8:30 AM - PR Newswire Imperial Resources, Inc.; Oklahoma Resource Prospect Leasing 7/11/2011 8:30 AM - PR Newswire Imperial Resources, Inc.; SWDF Tubing to be Pulled & Bridge Plug Set 7/5/2011 8:30 AM - PR Newswire Imperial Resources, Inc.; Directional Survey Complete on SWDF, Prepares for Rig Arrival 6/29/2011 8:30 AM - PR Newswire Imperial Resources, Inc.; Loan Drawdown, Operations Commence on Directional Survey at SWDF 6/27/2011 8:30 AM - PR Newswire comments from SH: in March/2011		Imperial Resources, Inc. Obtains Loan Funding for Key Salt Water Disposal Facility Development 6/20/2011 8:30 AM - PR Newswire Imperial Resources, Inc. Enters Into LOI for Development Funding of Key Salt Water Disposal Facility 6/7/2011 8:40 AM - PR Newswire Imperial Resources, Inc.; Completes Acquisition of Key Salt Water Disposal Facility 6/2/2011 8:30 AM - PR Newswire Imperial Resources, Inc. Operational Update 5/2/2011 8:02:51 AM - Market Wire Imperial Resources, Inc.; Agreement to Purchase 100% of Key Salt Water Disposal Facility 4/28/2011 8:00 AM - PR Newswire

IPRC has a highly focused, risk-averse strategy of building a substantial portfolio of oil and gas assets through its access to niche, low risk oil and gas opportunities in the onshore U.S.

IPRC aims to exploit projects which can deliver cash flows normally associated with higher risk projects but without exposure to high risk failure rates.

IPRC operational management and consultants are predominantly motivated by a success based structure, as opposed to receiving salaries and consultancy fees regardless of success, in order to ensure operational management operates most efficiently.

IPRC plans to use advanced horizontal drilling techniques to recover oil and gas resources already known to be in place.

The reason we see oil prices continuing to rise in 2011 is because world energy demand is ever-increasing, especially with current events:

The middle east turmoil threatens to shut down 20% of the world's oil supply.
Ghaddafi has set key oil sources on fire and seems ready and capable to destroy more as the conflict escalates.
China and India are consuming oil at a record pace, with world demand outgrowing newly discovered supplies.

With the cost of oil continuing to rise, IPRC could easily be a several dollar stock this year!

This looks like a perfect bottom play from a technical perspective, the chart has a few indicators that make us very bullish from these levels:

The stock closed up 11.5% Monday, signifying the bottom of a recent decline. The bottom was also put in with an exclamation point of huge volume Monday.
The RSI saw a sharp increase Monday, could be headed much higher, and is bullish sign.
The chart could easily blow right through the closest resistance levels and push up against the 50 day SMA for a 30% gain from these levels this week!

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