Imperial Petroleum, Inc. (IPMN.OB) announced that it has entered into a letter of intent to acquire about 20 oil wells located in Louisiana from an undisclosed seller. Under the terms of the sale, the company will pay the seller a $350 thousand in the form of a promissory note with a one-year term secured by 1.75 million shares of the company's stock, an 1.0 million shares of the company's restricted common stock and a 25% back-in after payout interest to the seller.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.