Imperial Resources, Inc. has appointed Mr. Robert Durbin as Chief Executive Officer, Chairman and director of the Company.
Mr. Durbin's appointment reflects the Company's current focus on the onshore U.S. Oil and Gas sector. Mr. Durbin has served as Chief Executive Officer of the Company's wholly owned subsidiary, Imperial Oil and Gas, Inc. since April, 2010. His additional appointment as CEO of the Company ensures management continuity throughout the group.
Mr. Durbin is an attorney who has practiced predominantly in the oil and gas sector in the U.S. since 1987. He has acted in a General Counsel capacity to several oil and gas exploration and production companies and related service companies.
The Company anticipates that Mr. Durbin's expertise in negotiation and his comprehensive knowledge of the multiple facets of oil and gas sector, directly in the area that Imperial operates, including leasing, drilling, production and service, will enable Imperial to efficiently progress the transformational deals outlined in its update of November 24, 2010.
The Company also wishes to thank Mr. Payyappilly, who has left the Company as President, CEO and director, for his service in setting Imperial on its current aggressive growth strategy in the oil and gas sector.
Robert Durbin, CEO, said, 'I'm looking forward to moving the company down the transformational growth path we have designed, now both at the corporate and operational levels'.
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