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Victoria Petroleum (ASX VPE) as operator for the Growler/Snatcher/Mirage oil fields advises that following continuing heavy rains in northern South Australia and Cooper Basin wide flooding, all roads in the northern Cooper Basin have been closed by Santos. As a result of this, oil tankers are unable to transport these fields oil production to the Santos operated Moomba - Port Bonython Oil Pipe Line.

A weekend aerial inspection of the road system from the Vicpet operated oil fields to Moomba indicates that the roads may be open for tanker traffic in 6 - 8 weeks time, starting with the Mirage Field. The shutin of the Vicpet operated oil fields will continue until the Santos roads are re-opened when oil deliveries to Moomba will resume at the production rate of 1,560 bopd, a new high until the fields were shut in.

The deferment of production is disappointing, but has allowed for further monitoring of the Growler Oil Field reservoir pressures. These indicate that although the Growler Oil Field has produced nearly 500,000 barrels of oil to date, there has been minimal pressure depletion. This positive report provides strong support for the recently released estimate of 3P (proved plus probable plus possible) recoverable oil reserve of 5.8 million barrels for the Growler Oil Field.

The Century#3 drilling rig is at the Growler Oil Field and upon the roads re-opening will commence an up to 12 well continuous development and appraisal drilling program based on the recently acquired 3D seismic in the Growler Oil Field and the surrounding Wirraway, Warhawk and Tigercat oil discoveries.

Exploration drilling on the 3D seismically defined 17 prospects and 34 leads in PEL 104/PEL 111 will
follow.

The PEL 104/PRL 15/PEL 111/PPL 213/PPL 214 Joint Ventures comprises:
Victoria Petroleum NL (Operator) 40%
Impress Energy Limited 40%
Permian Oil Limited 20%*
* Being acquired by Vicpet subject to Vicpet shareholder approval.

Yours faithfully
VICTORIA PETROLEUM N.L.
JOHN KOPCHEFF
Managing Director

Oil and gas producer, Imperial Corporation Limited (ASX:IMP) is pleased to provide an update of operations:

December 2009 Acquisition Summary Update.

Empire Energy recently acquired approximately 303,000 gross acres of land in the Appalachian Basin, 1,805 natural gas wells producing in excess of 5,000 Mcfepd or 1.8 Bcfepa at current production levels. Total cost was US$38 million.

1. These operations have been integrated into existing Empire Energy operations, including the implementation of new accounting and production software systems;

2. Production has remained stable at around 5,000mcfpd over one of the worst winters recorded in the region for many years;

3. Ongoing review of production and transportation systems has indicated that significant improvements in gas volumes can be achieved with small capital cost. This will include renewing of some pipeline gathering systems, scrubbing and swabbing of existing wells and accessing alternative pipeline systems;

4. A land, engineering and geological team is being built to take advantage of the regional significance of Empire Energy in Western New York State;