EXHIBIT 5.6
Imperial
Petroleum, Inc.
December 3, 2001
Xx. Xxxxx Xxxx
PowerSource Corporation
0000 Xxxxxxxx Xxxx]
Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Re: Kentucky Assets
Dear Sir:
Attached please find a draft of an Asset Purchase Agreement for the Kentucky
Assets owned by PowerSource Corporation. After continued discussions with Xx.
Xxxxxx Xxxxxx of Tauren Exploration and based upon our own review, we are
prepared to offer 200,000 shares of the restricted common stock of Imperial
Petroleum, Inc. in exchange for your rights and assets in Kentucky. Inasmuch as
we do not have "free-trading" shares available and considering the condition of
the assets, this offer represents the best offer we are prepared to make.
Please let me know if you are, subject to review and agreement on the Asset
Purchase Agreement, prepared to accept our offer. Upon signing the Asset
Purchase Agreement, we can proceed to closing very rapidly.
Very Truly Yours,
\s\ Xxxxxxx X. Xxxxxx
----------------------------------
Xxxxxxx X. Xxxxxx
President
P.O. Box 20191 Tel: 000-000-0000 100 N.W. 2nd Street
Evansville, IN 00000-0000 Fax: 000-000-0000 Evansville, IN 47708-1242
