Imperial Resources Inc IPRC

Energy Oil & Gas E&P

IMPERIAL RESOURCES, INC. is engaged in the exploration and development of oil and natural gas properties. The Company acquires the oil and gas interests in various manners, by purchasing them or via a farm-in whereby it earns its interests by developing the acreage of another. In addition, the Company has purchased a salt water disposal facility. The Company has decided to focus its core activities on development and exploration of oil and gas assets in the United States through its wholly-owned subsidiary Imperial Oil & Gas Inc. Big Dig Operating, Inc., (Big Dig) was formed for the purpose of operating a salt water disposal facility, and is a wholly owned subsidiary of Imperial Oil & Gas, Inc. In addition, Green Tide Water Disposal, Ltd. was formed as a limited partnership with Imperial Oil and Gas, Inc. owning a 99% limited partnership interest, and Big Dig owning a 1% general partnership interest.

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Imperial Resources Inc

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Post by optiprimeon Mar 23, 2011 11:15am

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Post# 18327734

With the cost of oil continuing to rise, IPRC coul

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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