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Home > Boards > US OTC > Oil/Gas/Natural Energy Production > Imperial Petroleum, Inc. (IPMN)

I had a conversation with Gary Williky at

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gistheman   Saturday, 12/03/11 11:34:17 AM
Re: MikeDDKing post# 320
Post # of 538 
I had a conversation with Gary Williky at IPMN right before the IR firm took over investor questions. It is definitely eight machines. I'm just not sure of the configuration. It might have been on the website as well. I do remember multipling 300+ tons/ machine times 8 to arrive at the 2400-2500 tons per day.
As to the ownership of the machines, the following is a quote from an email exchange with Gary Stevenson, principal at Proven Technologies.
"The Oil Sands/Tar sands machine is owed by Proven Engineering no exclusive rights are granted to anyone else.

The Machine is designed for Soil Remediation and contaminate remediation in a closed loop system as well as Hydrocarbon recovery..."


Between the ownership of the machines, whatever the mining and land arrangements are, royalties paid for the chemical and other costs, I think is the difference of the $15 mill I had projected and the $10 mill that IPMN guided. 2/3 actually seems like a large piece of the pie.

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