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Imperial Energy

Description

Imperial Energy is an upstream oil exploration and production company focused on Russian Federation.

The Company was founded by a group of Russian and foreign investors as an independent middle size oil producer in 2004. Through a series of acquisitions, by the end of 2004, the company had controlling stakes in four license-holding companies, three of which had exploration acreages in the Tomsk area of Western Siberia and one near Kostanai in Kazakhstan. Imperial Energy held a vast program of exploration works which has led to 7 new fields discoveries in Tomsk region. Imperial has rapidly moved from being a junior oil and gas exploration company to an exploration and production organization.

Imperial Energy is a company of international level. In 2004 Imperial Energy listed its shares on London’s AIM exchange, then moved to the main LSE market in May 2007 and became a constituent of the FTSE 250 Index.

The company was acquired by ONGC Videsh (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), the flagship National Oil Company of India on 13th January, 2009 and the company was delisted from LSE on 9th March 2009.

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