IMPERIAL RES INC (IPRC)

[inchoate]

I have personally toured the SWD facility and spoken with Rob Durbin at lenght. Right now the Asher note is beating up the stock price. Fortunately, it will soon be extinguished. There is plenty of business in salt water disposal, but the plant needs a few upgrades, mainly more storage tanks, and repairs (simple) to one of the injector pumps. The salt water disposal facility is right on the cusp of being a cash machine, but it still needs a few tune ups. The location, the fact that the property is OWNED, and the fact that the disposal wellbore is new make for a valuable holding. I think if Rob holds the course, gets the debt restructured, and makes a few capital improvements to the SWD facility that the stock will begin to appreciate. I view the stock as a bargain at this time.