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Imperial Energy Corporation is an independent oil exploration and production company, focusing on creating value for shareholders through its ongoing three-tier strategy: Increased production by appraisal and development of reserves Continued exploration of its substantial acreage base Additional strategic acquisitions In pursuing this strategy, Imperial is building on its existing asset base and moving towards establishing itself as a significant independent oil and gas producer in Russia and the CIS. Founded in 2004, Imperial has rapidly moved from being a junior oil and gas exploration company to an exploration and production organisation focused on rapid growth. This shift marks a dramatic and exciting change for Imperial, which in a relatively short period of time has amassed not only sizable and highly promising acreage, but has started producing from a number of new wells. The company is currently operating through four subsidiaries (Allianceneftegaz, Sevkazgra, Sibinterneft and Nord Imperial) located in two areas: Tomsk (Western Siberia, Russia) and Kostanai (Kazakhstan). Imperial sees its future as being Commonwealth of Independent States (CIS)-centric. It is capitalising on five key factors: Proven hydrocarbon geology with some of the world’s largest oil fields Wealth of knowledge and experience in its Board of Directors and Senior Management; Stable and well-connected local partners; Proximity to existing infrastructure; Previously unrecognised opportunities due to poor Soviet-era well completion work.  Imperial’s evolution from junior explorer to a producing concern has been achieved by a considered and objective approach to expansion through focused acquisitions and exploration. Furthermore, with Imperial’s ability to acquire 100% ownership of Blocks, it is able to ensure full benefits to the company. In this way, the company’s medium-term objective for its production to have reached 25,000 bopd by 2008 is well within its reach. Imperial built up a portfolio of properties amounting to 18,970.96 square kilometres.