Imperial Energy Corporation PLC Analysis Across The Oil and Gas Value Chain

1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 8
2 Company Snapshot 9
2.1 Key Information 9
2.2 Company Overview 9
2.3 Financial Performance 9
2.4 Industry Outlook – Production & Exploration 9
2.5 SWOT Snapshot 11
3 Imperial Energy Corporation PLC, Exploration and Production Summary 12
3.1 Imperial Energy Corporation PLC, Crude Oil Production, by Country 12
4 Imperial Energy Corporation PLC, Crude Oil and Natural Gas Production By Fields 13
4.1 Imperial Energy Corporation PLC, Crude Oil Production 13
4.1.1 Imperial Energy Corporation PLC, Crude Oil Production in Kansas, By Fields 13
5 Business Description 14
5.1 Business Overview 14
5.2 Oil Sales 14
5.2.1 Overview 14
5.2.2 Production 15
5.2.3 Financials 15
5.2.4 Market View 15
5.2.5 Key Strategies 15
5.3 Major Products and Services 16
5.3.1 Overview 16
6 History 17
7 Business Strategy 19
7.1 Mission Statement 19
7.2 Strategy 19
7.3 Corporate Social Responsibility 19
7.3.1 Overview 19
7.3.2 Specific CSR Initiatives 20
8 Value Chain Analysis 22
8.1 Upstream 22
8.1.1 Overview 22
8.1.2 Financials, Production and Major Projects 23
8.2 Midstream 23
8.2.1 Overview 23
9 SWOT Analysis 24
9.1 Overview 24
9.2 Imperial Energy Corporation PLC Strengths 24
9.2.1 Strategic Position in West Siberian Region 24
9.2.2 Strong Production and Reserves Growth 25
9.3 Imperial Energy Corporation PLC Weaknesses 25
9.3.1 Lack of Vertical Integration 25
9.3.2 Weak Operations in Kazakhstan 26
9.3.3 Increasing Operating and Net Losses 26
9.4 Imperial Energy Corporation PLC Opportunities 26
9.4.1 Rising Demand for Oil and Natural Gas 26
9.4.2 Joint Venture with Tomsk Regional Administration 27
9.4.3 Extension of Licenses 27
9.5 Imperial Energy Corporation PLC Threats 27
9.5.1 Stringent Environmental Regulations 27
9.5.2 Economic and Political Instability 28
10 Competitors 29
11 Revenue Analysis 30
11.1 Revenue by Segment 30
11.2 Revenue by Geography 31
12 Financial and Operational Review 32
12.1 Financial Statements 32
12.2 Financial Ratios 33
13 Operational Indicators 34
14 Share Holding Structure 35
15 Key Employees 36
16 Key Employee Biographies 37
17 Company Statement 39
18 Locations And Subsidiaries 43
18.1 Head Office 43
18.2 Other Locations & Subsidiaries 43
19 Financial Deals Landscape 44
19.1 Imperial Energy Corporation PLC, Deals Volume Summary, 2004 to YTD 2008 44
19.2 Imperial Energy Corporation PLC, Deals Summary By Region, 2004 to YTD 2008 45
19.3 Imperial Energy Corporation PLC, Deals Summary, 2004 to YTD 2008 45
19.4 Imperial Energy Corporation PLC Detailed Deal Summary 46
19.4.1 Acquisition 46
19.4.2 Equity Offerings 50
19.4.3 Debt Offerings 53
19.4.4 Partnerships 55
20 Recent Developments 56
20.1 License Awards 56
20.1.1 Jul 21, 2008: Imperial Receives New Production License For Golovnoye Field In Block 74, Tomsk Region, Western Siberia 56
20.1.2 Dec 10, 2007: Imperial Extends Exploration Licenses In Russia 57
20.2 Strategy and Business Expansion 58
20.2.1 Sep 17, 2007: Imperial Energy Announces Joint Venture With Tomsk 58
20.3 Recent Discoveries 58
20.3.1 Jun 02, 2008: Imperial Discovers Oil At Kiev Eganskoye Field, West Siberia 58
20.4 Drilling and Production Updates 59
20.4.1 Apr 02, 2008: Imperial Energy Provides Production Update For Q1 2008 59
20.4.2 Mar 06, 2008: Imperial Energy Provides Reserves, Operational Update 61
20.4.3 Dec 03, 2007: Imperial Energy Provides Operational Update 64
20.5 Financial Announcements 66
20.5.1 Aug 28, 2008: Imperial Reports 1H 2008 Results 66
20.5.2 Apr 15, 2008: Imperial Energy Reports 2007 Results 70
20.5.3 Sep 10, 2007: Imperial Energy Reports H1 2007 Results 75
20.5.4 Apr 02, 2007: Imperial Energy Reports Year-End 2006 Results 76
20.6 Other Significant Developments 77
20.6.1 Nov 19, 2008: Imperial Provides Operations Update 77
20.6.2 Jun 24, 2008: Imperial Provides Operational Update 83
20.6.3 Mar 17, 2008: Imperial Energy Updates On Its Russian Reserves 84
20.6.4 Feb 21, 2008: Imperial Energy Appoints New Board Member 85
20.6.5 Jan 22, 2008: Imperial Energy To Increase Its Capex For Next Three Years 85
20.6.6 Jan 21, 2008: Imperial Energy Appoints Executive Director 86
20.6.7 Nov 13, 2007: Imperial Energy Appoints Group Finance Director 86
20.6.8 Oct 10, 2007: Imperial Energy Provides Operational Update 87
20.6.9 Jun 11, 2007: Imperial Energy Appoints New Non-Executive Director 88
20.6.10 May 25, 2007: Imperial Energy Updates On Its Pipelines 88
21 Appendix 89
21.1 Methodology 89
21.1.1 Coverage 89
21.1.2 Secondary Research 90
21.1.3 Primary Research 90
21.1.4 E&P Forecasts 91
21.1.5 Midstream Forecasts 92
21.1.6 Expert Panel Validation 93
21.2 Contact Us 93
21.3 About Global Markets Direct 93
21.4 Disclaimer 93

1.1 List of Tables
Table 1: Imperial Energy Corporation PLC, Key Facts, 2007 9
Table 2: Imperial Energy Corporation PLC, Crude Oil Production (BBls), by Country, 2000-2007 12
Table 3: Imperial Energy Corporation PLC, Crude Oil Production (BBls) By Fields in Kansas, 2000-2007 13
Table 4: Imperial Energy Corporation PLC, SWOT Analysis, 2007 24
Table 5: Imperial Energy Corporation PLC, Revenue by Segment, USD Thousand, 2003-2007 30
Table 6: Imperial Energy Corporation PLC, Revenue by Geography, USD Thousand, 2003-2007 31
Table 7: Imperial Energy Corporation PLC, Financial Statements, USD Thousand, 2003-2007 32
Table 8: Imperial Energy Corporation PLC, Financial Ratios, USD Thousand, 2003-2007 33
Table 9: Imperial Energy Corporation PLC Operational Indicators, 2003-2007 34
Table 10: Imperial Energy Corporation PLC, Share Holding Structure 35
Table 11: Imperial Energy Corporation PLC, Key Employees, 2007 36
Table 12: Imperial Energy Corporation PLC, Other Locations 43
Table 13: Imperial Energy Corporation PLC, Deals Summary, 2004 to YTD 2008 44
Table 14: Imperial Energy Corporation PLC, Deals Summary by Region, 2004 to YTD 2008 45
Table 15: Imperial Energy Corporation PLC, Deals Summary, 2004 to YTD 2008 45
Table 16: Imperial Energy Corporation Acquires 9.5% of Capital Of Allianceneftegaz For $2.85 Million 46
Table 17: Imperial Energy Corporation Acquires 39.5% Of Charter Capital Of Allianceneftgaz 47
Table 18: Imperial Energy Corporation Acquires 85% Interest In LLC Sibinterneft 48
Table 19: ONGC Videsh Receives Approval From Foreign Government To Acquire Imperial Energy 49
Table 20: Imperial Energy Completes Private Placement Of $202.65 Million 50
Table 21: Imperial Energy Announces Rights Issue 52
Table 22: Imperial Energy Completes Private Placement Of Convertible Bonds For $191.3 Million 53
Table 23: Imperial Energy To Form Joint Venture With Tomsk Regional Administration 55

1.2 List of Figures
Figure 1: Imperial Energy Corporation PLC, Crude Oil Production (BBls), by Country, 2000-2007 12
Figure 2: Imperial Energy Corporation PLC, Value Chain Analysis 22
Figure 3: Imperial Energy Corporation PLC, Deals Volume Summary, 2004 to YTD 2008 44
Figure 4: Global Markets Direct Methodology 89