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Created: 01/27/2022 10:37:23 AM - Followers: 109 - Board type: Free - Posts Today: 0

ABOUT IMPERIAL PETROLEUM INC.

Imperial Petroleum is an international shipping transportation company specialized in the transportation of various petroleum and petrochemical products in liquefied form. Our executive offices are located in 331 Kifisias Avenue, Kifisia, Greece. 
Website:
https://www.imperialpetro.com/index.php
https://www.youtube.com/watch?v=4TKp5T9Gaqo
1 hour 25 start 
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169332615

Our Business Strategy

Our business strategy is focused on providing consistent stockholder returns by timing and structuring acquisitions of vessels and by reliably, safely and efficiently operating our vessels. We continuously evaluate purchase and sale opportunities, as well as employment opportunities for our vessels. Key elements of the above strategy are:

 

   

Renew and Expand our Fleet. We expect to grow our fleet in a disciplined manner through timely and selective acquisitions of quality vessels. We perform in-depth technical and condition assessment review of each potential acquisition and only purchase vessels as market opportunities present themselves. We focus on purchasing secondhand vessels, newbuildings or newbuilding resales based on the evaluation of each investment option at the time it is made.

 

   

Optimize Charter Mix. In the current product tanker and crude oil tanker charter market, we are mainly focusing on short to medium term charters, including time and bareboat charters, of one or two years. As the charter market changes and we grow our fleet, we may continue to adjust our chartering strategy to include longer duration term charters or a higher percentage of spot market charters. We seek to

ATHENS, Greece, May 27, 2022 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (NASDAQ:IMPP) (the "Company") announced today that it has entered into an agreement to acquire two suezmax tankers, built at Hyundai Samho in 2007 and at Samsung Heavy Industries in 2008, with an aggregate capacity of approximately 320,000 dwt, from an unaffiliated third party for an aggregate purchase price of $46.8 million, with delivery expected by mid- June 2022. The Company expects to finance the purchase price with cash-on-hand and new senior secured bank debt. This transaction is indicative of the Company's substantial financial resources to consummate new vessel acquisitions due to its high level of available cash raised from its recently completed public offerings. This agreement is consistent with the company's plan to continue its fleet expansion.
 

ABOUT IMPERIAL PETROLEUM INC.

Imperial Petroleum Inc. is a ship-owning company providing petroleum product and crude oil seaborne transportation services. The Company owns four M.R. product tankers and one Aframax oil tanker with a total capacity of 305,804 deadweight tons (dwt) and has agreed to acquire one additional product tanker and two suezmax tankers with expected delivery by mid-June 2022. Following these deliveries Imperial Petroleum will own a total of eight tankers with an aggregate capacity of approximately 682,000 dwt. Imperial Petroleum Inc.'s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols "IMPP" and "IMPPP", respectively.

 

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Table of Contents
 

charter our vessels to high quality charterers as we have done in the past such as national and independent oil companies, energy traders and industrial companies.

 

   

Operate a High Quality Fleet. Our primary focus is the operation of medium and large-sized product tankers and crude oil tankers, and as we grow our fleet in the future potentially add vessels in other seaborne transportation sectors that we assess as exhibiting favorable market conditions. We believe that owning a high quality fleet reduces operating costs, improves safety and provides us with a competitive advantage in securing favorable charters. We limit our acquisition of vessels to those that meet rigorous industry standards and that are capable of meeting the stringent certification requirements of major oil companies. We maintain the quality of our vessels by carrying out regular inspections, both while in port and at sea, and adopting a comprehensive maintenance program for each vessel.

 

   

Maintain Financial Flexibility. We intend to use bank debt to partially fund our further vessel acquisitions and which we hope will increase financial returns for our stockholders. We intend to manage our balance sheet to maintain an adequate level of liquidity and actively assess the level and maturity profile of debt we incur in light of the level of cash flow generated from our chartering strategy and our efficient operating cost structure. We have moderate leverage which we believe will well position us to obtain additional financing and grow our fleet by pursuing selective acquisitions.






OPERATIONAL AND FINANCIAL HIGHLIGHTS1

As of March 28, 2022, we had raised $27 million in total net proceeds, after underwriting discounts, from our first public offering in February 2022 and $64 million in total net proceeds, after underwriting discounts, from our second public offering in March 2022.

In March 2022, we entered into agreements to acquire two MR product tankers from a related party for an aggregate price of $31 million; the first vessel was delivered on March 28, 2022 and the second will be delivered by the end of May 2022.

Declaration of a dividend on our 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock ($0.546875 per preferred share) payable on March 30, 2022 to holders of record on March 25, 2022.

https://www.proactiveinvestors.com/companies/news/983678/stealthgas-and-imperial-petroleum-ceo-says-shipping-rates-have-gone-up-500-due-to-ukraine-war-983678.html

$IMPP chart, we broke .75 resistance on all time high volume w/ a high of .88, break $1 tomorrow and we are off and running to $2-$3, we are in the right place at the right time, OIL!
https://pbs.twimg.com/media/FUw2Sp_WUAEzGTq?format=png&name=medium
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Post Subject
#4378
CEO Harry Vafias Commented crudeoil24 07/28/2022 11:14:46 AM
#3528
,,,,,,,THIS MFER CEO BEATS HIS CHEST EVERYTIME HE THEMASTERS_SON 06/15/2022 03:46:49 PM
#2118
*****Yes , IMPP will eventually get a delisting 1vman 06/02/2022 10:42:22 AM
#1989
IMPP~~look closely on daily chart,$5.00++ going ,https://stockcharts.com/freecha ALERTS100%to10000%GAIN 05/31/2022 07:27:10 PM
#1774
how isnt $impp 2-3 dollars? betterdaysaheadotc 05/27/2022 01:51:11 PM
#4670
reverse split will kill this and it seems betterdaysaheadotc 08/17/2022 11:27:21 AM
#4669
They just nearly sucked out all the green. Dusty18 08/17/2022 11:20:11 AM
#4668
looks like shorts covered as it hit .34 betterdaysaheadotc 08/17/2022 10:46:49 AM
#4667
nice bounce off 34 betterdaysaheadotc 08/17/2022 10:38:57 AM
#4666
*****New 52 week lows daily here for IMPP 1vman 08/17/2022 10:30:04 AM
#4665
harry is dogshit that doesnt give a rats betterdaysaheadotc 08/17/2022 08:26:11 AM
#4664
*****Bcuz tons of cash means squat if no 1vman 08/17/2022 08:14:34 AM
#4663
*****No way this hits a buck in 4 1vman 08/17/2022 08:11:24 AM
#4662
Why? Harry has tons of cash. Dusty18 08/16/2022 11:17:48 PM
#4661
R/S is coming up soon!! I keep saying batatinha 08/16/2022 04:45:41 PM
#4660
dirty harry diluting? betterdaysaheadotc 08/16/2022 03:49:17 PM
#4659
I forget which one of you posted about MyHands 08/16/2022 02:10:34 PM
#4658
*****No way this hits a buck in 4 1vman 08/16/2022 09:31:03 AM
#4657
Thx Dusty Gator44 08/16/2022 12:26:44 AM
#4656
36 FING PENNIES---WHAT A POS THIS CEO IS...THIS betterdaysaheadotc 08/15/2022 06:09:15 PM
#4655
I've never gotten any snail mail or Dusty18 08/15/2022 05:36:28 PM
#4654
Do you know if anyone has received the MyHands 08/15/2022 05:16:17 PM
#4653
Yes, to all your questions. I have been Dusty18 08/15/2022 04:31:27 PM
#4652
The two handysize dry bulk carriers, the Eco Gator44 08/15/2022 03:57:00 PM
#4651
The tanker market seems to continue its strength Gator44 08/15/2022 03:49:47 PM
#4650
Come on! So close to Green! Who the Dusty18 08/15/2022 12:10:57 PM
#4649
*****No way this hits a buck in 4 1vman 08/15/2022 07:24:58 AM
#4648
They have till Dec. 14, 2022 per NASDAQ notice. Gator44 08/15/2022 12:43:28 AM
#4647
You study the 1 minute chart and you Dusty18 08/12/2022 05:52:41 PM
#4646
everyone fears 4.01 offering lol...now we go upppppppp betterdaysaheadotc 08/12/2022 04:36:42 PM
#4645
its the CEOS who are diluting the piss betterdaysaheadotc 08/12/2022 03:56:48 PM
#4644
It’s really too bad when someone loses their DD-214 08/12/2022 03:35:29 PM
#4643
82 million in bank....pps 36 pennies...what a undervalued POS betterdaysaheadotc 08/12/2022 03:18:13 PM
#4642
I think they will do R/S by end batatinha 08/12/2022 03:12:50 PM
#4641
We have till nov/dec area to get pps > $1 Gator44 08/12/2022 03:08:08 PM
#4640
mm/hedges 100 share short gambit con tinues..no fear betterdaysaheadotc 08/12/2022 03:02:04 PM
#4639
My opinion is IMPP is tremendously undervalued.. betterdaysaheadotc 08/12/2022 02:52:11 PM
#4638
trades like a stinky pinky betterdaysaheadotc 08/12/2022 02:39:32 PM
#4637
looks like harry is a pos betterdaysaheadotc 08/12/2022 02:18:09 PM
#4636
Looks like a R/S is coming!! batatinha 08/12/2022 02:12:12 PM
#4635
My opinion is IMPP is tremendously undervalued.. DD-214 08/12/2022 12:04:48 PM
#4634
Both are now closer in price. $IMPP $PSHG Dusty18 08/12/2022 11:59:01 AM
#4633
I bought 125k of PSG* @.293 and just DD-214 08/12/2022 11:54:03 AM
#4632
Wow, PSHG just announced right at the opening Dusty18 08/12/2022 11:47:07 AM
#4631
wowww--36 pennies on only 6 million traded...what a betterdaysaheadotc 08/12/2022 11:38:07 AM
#4630
GIMPP betterdaysaheadotc 08/12/2022 10:23:04 AM
#4629
what a pos harry is and this stock betterdaysaheadotc 08/12/2022 09:46:24 AM
#4628
https://finance.yahoo.com/news/gas-prices-morning-brief-august-12-093345696.html betterdaysaheadotc 08/12/2022 08:55:07 AM
#4627
82 million in cash betterdaysaheadotc 08/11/2022 06:42:37 PM
#4626
Emailed... no response Gator44 08/11/2022 12:57:22 PM
#4625
have you called HARRY? betterdaysaheadotc 08/11/2022 12:54:38 PM
#4624
Ok people..... all-in now Gator44 08/11/2022 12:40:14 PM
#4623
Harry.... tell us how business is looking Gator44 08/11/2022 12:34:00 PM
#4622
Tanker Rates from U.S. Gulf to Europe Returning Gator44 08/11/2022 12:28:35 PM
#4621
Shortage of tankers on open market Gator44 08/11/2022 12:22:13 PM
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