Imperial Resources Inc. (OTC: IPRC) and its wholly-owned subsidiary, Imperial Oil & Gas Inc., announced an update on the production from a well in which Imperial owns a nominal interest and is producing from the same formation targeted in the company's area of mutual interest in Oklahoma.
The company has recently updated its reserve analysis for the test well based on the history of the well since production began. The test well came onto production in November 2011 and achieved flow rates in excess of 360 bbl of oil and ...