UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended ~~April~~July 3031, 2011

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File Number 000-21169

IMPERIAL PETROLEUM RECOVERY CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Nevada	76-0529110
	(I.R.S. Employer Identification Number)

4747 Research Forest Dr.; Suite 180-257
The Woodlands, Texas 77381	(713) 542-7440
(Address of Principal Executive Offices)(Zip Code)	(Registrant’s Telephone Number, including Area Code)

Securities Registered Pursuant to Section 12(b) of the Act: None

Securities Registered Pursuant to Section 12(g) of the Act:

(Title of Each Class)

Common Stock, $0.001 par value

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. o  Yes þ No

Indicate by checkmark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). o  Yes ~~þNo~~No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

o Large Accelerated Filer o Accelerated Filer o Non-Accelerated Filer (Do not check if a smaller reporting company) þ Smaller Reporting Company

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).o Yes þ No

The number of shares of common stock outstanding as of April 4, 2012: Common Stock, $0.001 Par Value — 48 51,~~428~~277,~~180~~596 shares

QUARTERLY REPORT ON FORM 10-Q

For the Quarter Ended ~~April~~July 3031, 2011

TABLE OF CONTENTS

Part I.	Financial Information
Item 1	Financial Statements
	Balance Sheets - April 30, 2011 and October 31, 2010 (Unaudited)	F-1
	Balance Sheets – July 31, 2011 and October 31, 2010 (Unaudited)	F-1
	Statements of Operations - For the Three and Six Months Ended April 30, 2011 and 2010 (Unaudited)	F-2
	Statements of Operations - For the Three and Nine Months Ended July 31, 2011 and 2010 (Unaudited)	F-2
	Statements of Cash Flows - For the Three and Six Months Ended April 30, 2011 and 2010 (Unaudited)	F-3
	Statements of Cash Flows - For the Three and Nine Months Ended July 31, 2011 and 2010 (Unaudited)	F-3
	Notes to Financiall Statements (Unaudited)	F-4
	Notes to Financial Statements (Unaudited)	F-4
Item 2	Management's Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3	Quantitative and Qualitative Disclosures About Market Risk	5
Item 4	Controls and Procedures	5
Part II. Other Information
Item 1	Legal Proceedings	6
Item 1A	Risk Factors	6
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	6
Item 3	Defaults Upon Senior Securities	6
Item 4	(Removed and Reserved)	6
Item 5	Other Information	6
Item 6	Exhibits	6
	Signatures	7

PART I

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this Form 10-Q or in other materials we have filed or will file with the SEC are forward-looking in nature as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “may,” “can,” “could,” “might,” “will” and similar expressions identify forward-looking statements, including statements that relate to the effects of economic conditions; the availability of capital; the dependence on key customers; competitive conditions; and the various risks associated with developing and marketing a new process/technology which could cause actual results to differ materially from those expressed in or implied by the statements herein.

Forward-looking statements are not historical facts or guarantees of future performance but instead represent only our beliefs at the time the statements were made regarding future events, which are subject to significant risks, uncertainties, and other factors, many of which are outside of our control and certain of which are listed above. Any or all of the forward-looking statements included in this Form 10-Q may turn out to be materially inaccurate. This can occur as a result of incorrect assumptions, in some cases based upon internal estimates and analyses of current market conditions and trends, management plans and strategies, economic conditions, or as a consequence of known or unknown risks and uncertainties. Consequently, neither our shareholders nor any other person should place undue reliance on our forward-looking statements and should recognize that actual results may differ materially from those anticipated by us.

All forward-looking statements made in this Form 10-Q are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed in this Form 10-Q will increase with the passage of time. We undertake no obligation, and disclaim any duty, to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changes in our expectations or otherwise.

Item 1. Financial Statements

Imperial Petroleum Recovery Corporation

Balance Sheets

(Unaudited)

	April 30			October 31
	July 31			October 31
ASSETS	2011			2010
Current assets
Cash and cash equivalents	$	64,~~906~~129		$	64,927
Accounts receivable		144			144
Total current assets		74,~~050~~273			65,071
Property and equipment, net		~~183~~163,~~916~~481			225,293
Intangible assets, net		1715,~~250~~933			20,944
Other assets		-			115,450
Total assets	$	~~208~~183,~~216~~687		$	426,758
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable	$	~~244~~262,~~705~~462		$	244,773
Accrued liabilities		2,~~877~~984,~~255~~258			2,500,269
Advances-related party		~~182~~81,~~763~~474			107,332
Current maturities of long-term debt, net of discount		2,450,442			2,450,442
Total current liabilities		5,~~755~~778,~~165~~636			5,302,816
Stockholders' Deficit
Common stock, par value $0.001; authorized 100,000,000 shares; 48,478,180 and 46,928,180 shares issued and outstanding as of April 30, 2011 and October 31, 2010, respectively		48,479			46,929
Additional paid-in capital		15,636,346			15,591,396
Accumulated deficit		(21,~~231~~279,774	)		(20,514,383	)
Total stockholders’ deficit		(5,~~546~~594,949	)		(4,876,058	)
Total liabilities and stockholders’ deficit	$	~~208~~183,~~216~~687		$	426,758
See accompanying notes to unaudited financial statements

F-1

Imperial Petroleum Recovery Corporation

Statements of Operations

(Unaudited)

	For the three						For the ~~six~~nine
	months ended April 30,						months ended April 30,
	months ended July 31						months ended July 31
	2011			2010			2011			2010
Revenues	$	281,000		$	-		$	281,000		$	-
Operating expenses
Selling, general and administrative expenses	$	~~246~~218,~~003~~966		$	~~141~~124,~~162~~214		$	~~498~~717,~~634~~600		$	~~232~~356,~~507~~721
Depreciation and amortization expense		2221,~~281~~752			22,511			4566,~~071~~823			4567,~~022~~533
Total operating expenses		~~268~~240,~~284~~718			~~163~~146,~~673~~725			~~543~~784,~~705~~423			~~277~~424,~~529~~254
Loss from operations		(268,284	)		(163,673	)		(543,705	)		(277,529	)
Income (loss) from operations		40,282			(146,725	)		(503,423	)		(424,254	)
Interest expense		(8588,~~404~~282	)		(8789,~~852~~508	)		(~~173~~261,~~686~~968	)		(~~179~~268,~~033~~541	)
Net loss	$	~~(353~~48,~~688~~000	)	$	(~~251~~236,~~525~~233	)	$	(~~717~~765,391	)	$	(~~456~~692,~~562~~795	)
Loss per share
Basic and diluted	$	(0.0100	)	$	(0.01	)	$	(0.02	)	$	(0.0102	)
Weighted average shares outstanding
Basic and diluted		4748,~~681~~478,~~771~~180			4344,~~594~~553,~~714~~702			47,~~681~~950,~~771~~158			43,~~584~~909,~~986~~320
See accompanying notes to unaudited financial statements

F-2

Imperial Petroleum Recovery Corporation

Statements of Cash Flows

(Unaudited)

	For the six months ended April 31
	For the nine months ended July 31
	2011			2010
Cash flows from operating activities:
Net loss	$	(~~717~~765,391	)	$	(~~456~~692,~~562~~795	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization expense		4566,~~071~~823			4567,~~022~~533
Share-based compensation		46,500			-58,800
Amortization of debt discount		-			3,908
Changes in operating assets and liabilities:
Accounts receivable		-			184,759
Other assets		115,450			-
Accounts payable		~~(68~~17,689	)		(68,500	)
Accrued liabilities		~~376~~483,~~986~~989			~~329~~500,~~292~~050
Net cash provided by (used) in operating activities		(133,452	)		37,919
Net cash provided by (used in) operating activities		(34,940	)		53,755
Cash flows from financing activities:
Proceeds from sale of stock		-			12,500
Advances from (payments to) related parties, net		75(25,~~431~~858	)		(4762,~~440~~081	)
Net cash provided by (used in) financing activities		75,431			(34,940	)
Net cash used in financing activities		(25,858	)		(49,581	)
Net increase (decrease) in cash and cash equivalents		(5860,~~021~~798	)		24,~~979~~174
Cash and cash equivalents at beginning of period		64,927			46
Cash and cash equivalents at end of period	$	64,~~906~~129		$	34,~~025~~220
Supplemental disclosure of cash flow information
Cash paid during the year for
Interest		-			-
Income taxes		-			-
See accompanying notes to unaudited financial statements
Supplemental disclosure of non-cash investing and financing activities
Cancellation of previous stock issuance		-			43
See accompanying notes to consolidated financial statements

F-3

Imperial Petroleum Recovery Corporation

Notes to Financial Statements

(Unaudited)

NOTE A – ORGANIZATION AND BASIS OF PRESENTATION

1. Organization

Imperial Petroleum Recovery Corporation, a Nevada corporation, incorporated in 1982 (“we”, “our”, “IPRC” or the “Company”) commenced operations in the fiscal year 1995 and is committed to developing and marketing a proprietary oil sludge remediation process and microwave separation technology equipment (MST units) that use high energy microwaves to separate water, oil and solids.

2. Basis of presentation

The accompanying unaudited interim financial statements and notes for the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q for quarterly reports under Section 13 or 15 (d) of the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and footnote disclosures normally required by accounting principles generally accepted in the United States of America for complete financial statements.

In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. Operating results for the ~~six~~nine months ended ~~April~~July 3031, 2011, are not necessarily indicative of the results that may be expected for the fiscal year ended October 31, 2011.

These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2010.

3. Use of estimates

In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenue and expenses during the reporting period. Actual results could differ from those estimates.

4. Recently adopted accounting standards

No new accounting pronouncements issued or effective has had, or is expected to have, a material impact on the Company’s financial statements.

NOTE B – GOING CONCERN

As shown in the accompanying financial statements, the Company has incurred recurring losses and has an accumulated deficit of $21,~~231~~279,774 as of ~~April~~July 3031, 2011 and a negative working capital of $5,~~748~~774,~~115~~363 as of the same date. The Company generated any r revenues during the quarter and continues to be dependent on its ability to generate future revenues, positive cash flows and additional financing. There can be no guarantee that the Company will be successful in generating future revenues, in obtaining additional debt or equity financing or that such additional debt or equity financing will be available on terms acceptable to the Company. These factors raise substantial doubt about the Company’s ability to continue as going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE C – PROPERTY AND EQUIPMENT

Property and equipment at ~~April~~July 3031 and October 31 consist of the following:

	2011			2010
Building and improvements	$	2,790		$	2,790
Machinery and equipment		558,366			558,366
Demonstration equipment		783,300			783,300
Transportation equipment		49,450			49,450
Furniture, fixtures and office equipment		79,703			79,703
		1,473,609			1,473,609
Less – accumulated depreciation		(1,~~289~~310,~~693~~128	)		(1,248,316	)
	$	~~183~~163,~~916~~481		$	225,293

F-4

Depreciation and amortization expense for the ~~six~~nine months ended ~~April~~July 3031, 2011 and 2010 amounted to $4566,~~071~~823 and $4567,~~022~~533, respectively.

NOTE D – COMMON STOCK

On February 1, 2011, the Company issued 1,550,000 common shares to directors and an employee for services valued at $46,500 based on the grant-date quoted market value of the Company’s stock.

NOTE E –STOCK OPTIONS

There were no stock options granted, expired or cancelled during the ~~six~~nine months ended ~~April~~July 3031, 2011. As of ~~April~~July 3031, 2011, there were a total of 1,225,000 stock options outstanding with a weighted average exercise price of $0.20, a weighted average remaining term of 3.8661 years and zero intrinsic value.

NOTE F – RELATED PARTY TRANSACTIONS

The Company has related party transactions relating to non-interest bearing advances from the Company’s CEO and a director. The Company ~~received~~made net ~~advances~~payments of $7525,~~431~~858 for such advances during the ~~six~~nine months ended ~~April~~July 3031, 2011. The outstanding balance of such advances as of April 3031, 2011 amounted to $~~182~~81,~~763~~474.

NOTE G – TECHNICAL SERVICES AGREEMENT

In August 2009, the Company entered into a technical services agreement with Petroleo Brasileiro S.A. (“Petrobras”) which required IPRC to operate the MST 150 unit at a refinery in Brazil and conduct various tests of emulsions as determined by the technical staff of Petrobras for a total consideration of $1,154,650, which shall be paid to IPRC in 4 installments upon acceptance by Petrobas of the required pre-test and technical progress reports. Upon acceptance of the 3 required IPRC technical reports, additional payments would be made from Petrobras to IPRC. Upon completion, Petrobras has the option to purchase the MST 150 mobile demonstration unit and various MST units of various capacities for set prices.

On April 4, 2011, due to delays associated with the original shipment and customs release of the MST 150 unit, the technical services agreement with Petrobras was amended to include an additional payment of $281,000 to IPRC to cover additional expenses incurred as a result of the delay. This payment was received during the three months ended July 31, 2011 and recognized as revenue during the period.

NOTE H – SUBSEQUENT EVENTS

In December 2011, convertible notes amounting to $150,000 and the related accrued interest were converted to 1,633,150 common shares at $0.15 per share.

In January 2012, 166,666 shares were issued in connection with the exercise of warrants for a total consideration of $25,000.

In January 2012, a convertible note amounting to $100,000 and the related accrued interest were converted to 999,600 common shares at $0.15 per share.

F-5

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis of financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes included elsewhere in this report. This discussion contains forward-looking statements that involve risks, uncertainties and assumptions. See “Note Regarding Forward-Looking Statements.” Our actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors discussed in “Risk Factors” and elsewhere in this report.

Imperial Petroleum Recovery Corporation (“Company” or “IPRC”) was founded in 1990 as a Nevada corporation. Since 1995 our primary business has been the development, marketing and distribution of our microwave separation technology (“MST”). The Company’s offices are located in The Woodlands, Texas. Our common stock currently listed for quotation on the Pink OTC Markets, Inc. Pink Exchange under the trading symbol “IREC”.

We are a provider of microwave technology to the petroleum and energy industries. We have developed a proprietary, patented process using high-energy microwaves, MST, which is designed to treat and eliminate hydrocarbon emulsions. Our goal is to become a leader in developing and marketing innovative commercial radio frequency (“RF”) energy applications, including MST, that can be used within the petroleum, energy and other industries to treat emulsions containing oil, water, and solids, using our patented technology to recover the oil, enhance process efficiency and improve our customers’ financial performance.

Since 2009 we decided to refocus our technology to the use by oil and gas refineries. Between January 2008 and August 2009 our operations were nominal. In August 2009, IPRC entered into a technical service agreement with Petroleo Barsileiro S.A. (“Petrobras”) pursuant to which IPRC agreed to provide a 16 month demonstration project of the MST technology at various locations throughout Brazil. The technical services agreement with Petrobras provided that IPRC would operate a MST 150 unit at a refinery in Brazil and to conduct various tests of emulsions as determined by the technical staff of Petrobras.

During our last fiscal year, discussions began with a local engineering company in Houston, Texas – an established equipment fabricator with separate construction, engineering and logistics divisions providing support since 1989 to the energy industry. This company was also the fabricator for various MST units that were sold and leased to ExxonMobil and Petrobras for recent projects. During our last fiscal year, it became clear that a new target market was emerging in Texas, Pennsylvania, Arkansas, North Dakota, Colorado and other locations in the US and throughout the world that involved using water under very high pressure to dislodge oil and gas deposits deep underground. This process also goes by the term “Fracking Oil and Gas Wells”. The major attraction for IPRC is the MST could be used to remove bacteria and pathogens from the water allowing it to be reused. Since these oil deposits are located in remote areas where there is very little water; having the ability to reuse the up to 4 million gallons of water needed to “Frack” a single well presents a clear strategic advantage for the Company.

Liquidity and Capital Resources

At ~~April~~July 3031, 2011, the Company has current assets of $74,~~050~~129, current liabilities of $5,~~755~~778,~~165~~636, and a working capital deficit of $5,~~748~~774,~~115~~363. We have no credit facilities.

During fiscal 2011 we did not receive any cash from the sale of our debt or equity. The Company has no other sources of financing and will continue to rely on cash flow from our contracts, as well as best efforts equity, equity equivalent, or debt financings and borrowings from shareholders. There are no additional commitments from or assurances that we will be able additional capital on terms favorable to the Company or at all. Our auditors have issued a going concern opinion for our financial statements due to their substantial doubt about our ability to continue as a going concern.

Results of Operations

Three Months Ended ~~April~~July 3031, 20110 Compared to the Three Months Ended ~~April~~July 3031, 2010

Revenues for the three months ended ~~April~~July 3031, 2011 totaled $0281,000, ~~which~~compared ~~was~~to ~~the~~$0 ~~same~~revenues asfor the three months ended ~~April~~July 3031, 2010.

Operating expenses for the three months ended ~~April~~dated 30July 31, 2011 was $~~268~~240,~~284~~718, an increase of $~~104~~93,~~611~~993 compared to the three months ended ~~April~~July 3031, 2010. The increase was due to the additional costs associated with the Petrobras agreement.

Interest expense decreased by $21,~~448~~226 for the three months ended ~~April~~July 3031, 2011 compared to the three months ended ~~April~~July 3031, 2010. ~~The decrease was related to full amortization of the debt discount due to the maturity of the $200,000 convertible notes in fiscal year 2010.~~

-4-

The above mentioned factors resulted in a net loss for the three months ended ~~April~~July 3031, 2011 of $~~353~~48,~~688~~000 compared to ~~a net loss of~~ $~~251~~236,~~525~~233 for the three months ended ~~April~~July 3031, 2010.

~~Six~~Nine Months Ended ~~April~~July 3031, 20110 Compared to the ~~Six~~Nine Months Ended ~~April~~July 3031, 2010

Revenues for the ~~six~~nine months ended ~~April~~July 3031, 2011 totaled $0281,000, ~~which~~compared ~~was~~to ~~the~~$0 ~~same~~revenues asfor the ~~six~~nine months ended ~~April~~July 3031, 2010.

Operating expenses for the ~~six~~nine months ended dated ~~April~~July 3031, 2011 was $~~543~~784,~~705~~423, an increase of $~~266~~360,~~176~~169 compared to the ~~six~~nine months ended ~~April~~July 3031, 2010. The increase was due to the additional costs associated with the Petrobras agreement.

Interest expense decreased by $56,~~347~~573 for the ~~six~~nine months ended ~~April~~July 3031, 2011 compared to the ~~six~~nine months ended ~~April~~July 3031, 2010. The decrease was related to full amortization of the debt discount due to the maturity of the $200,000 convertible notes in fiscal year 2010.

The above mentioned factors resulted in a net loss for the ~~six~~nine months ended ~~April~~July 3031, 2011 of $~~717~~765,391 compared to a net loss of $~~456~~692,~~562~~795 for the ~~six~~nine months ended ~~April~~July 3031, 2010.

Going Concern

As shown in the accompanying financial statements, the Company has incurred recurring losses and has an accumulated deficit as of $21,~~231~~279,774 as of ~~April~~July 3031, 2011 compared to $$20,514,383 as of ~~April~~July 3031, 2010 and a negative working capital of $5,~~748~~774,~~115~~363 as of ~~April~~July 3031, 2011. The Company generated no$281,000 ~~revenue~~ during the ~~second~~first ~~quarter~~three quarters of 2011 which was driven by the receipt of revenue from Petrobras. There can be no guarantee that the Company will be successful in generating future revenues, in obtaining additional debt or equity financing or that such additional debt or equity financing will be available on terms acceptable to the Company. These factors raise substantial doubt about the Company’s ability to continue as going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Contractual Obligations

The Company currently has no long term contractual obligations other than Mr. Springer’s employment agreement that provides for an annual salary of $324,000 and expires in February 2014.

Off Balance Sheet Arrangements

The Company does not have any off-balance-sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The Company maintains disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934, as amended) that are designed to ensure that information required to be disclosed in the Company's periodic reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to management, including the Company's principal executive officer and principal financial officer, to allow timely decisions regarding required disclosures. As of the end of the period covered by this report, management carried out an evaluation, under the supervision and with the participation of the Company's principal executive officer and principal financial officer, of the Company's disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act).

Based upon the evaluation, the Company's principal executive officer and principal financial officer concluded that its disclosure controls and procedures were not effective as of April 30, 2011 due to a lack of segregation of duties, an overreliance on consultants in the accounting and financial reporting process and the inability to file its annual and quarterly financial statements and periodic reports with the SEC on a timely basis.

-5-

Changes in Internal Control Over Financial Reporting

There were no changes that occurred during the quarter covered by this Quarterly Report on Form 10-Q that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Item 1. Legal Proceedings

None.

Item 1A. Risk Factors

There have been no material changes to the risk factors previously disclosed under item 1 of the Company’s Form 10-K filed with the United States Securities and Exchange Commission on October 20, 2011.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. (Removed and Reserved)

None.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit No.		Description
3.1		Articles of Incorporation of the Company (incorporated by reference to Exhibits 2 and 2.1 to the Company’s registration statement on Form 10-KSB filed with the SEC on August 8, 1996, file No. 0-21169).
3.2		Bylaws of the Company (incorporated by reference to Exhibit 3.2 to the Company’s Annual Report on Form 10-KSB for the fiscal year end October 31, 1996 filed with the Commission with a filing date of November 26, 1997, Commission File No. 0-21169)
10.2		Form of Note Agreement, executed in 2005, between IPRC and investors (incorporated by reference to Exhibit 10.15 to the Company's Form 10-K filed with the Commission of December 1, 2005).

10.3		Form of Registration Right Agreement, executed in 2005, between IPRC and investors (incorporated by reference to Exhibit 10.16 to the Company's Form 10-K filed with the Commission of December 1, 2005).

10.4		Form of Warrant Agreement, executed in 2005, between IPRC and investors (incorporated by reference to Exhibit 10.17 to the Company's Form 10-K filed with the Commission of December 1, 2005).

10.5		Technical Services Agreement between Petroleo Brasileiro S.A. – Petrobras and IPRC dated 2009 (incorporated by reference to Exhibit 10.18 to the Company's Form 10-K filed with the Commission of October 20, 2011).

21.1		Subsidiaries of Registrant (incorporated by reference to Exhibit 21.1 to the Company's Form 10-K filed with the Commission of December 1, 2005).

31.1		Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Rules 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended. (1)

32.1		Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350. (1)

(1) Filed herewith

-6-

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		IMPERIAL PETROLEUM RECOVERY CORPORATION
Dated:	April 410, 2012
		By:	/s/ Alan B. Springer
			Alan B. Springer
			Principal Executive Officer and Principal Financial Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Name	Title	Date
/s/ Alan B. Springer	Principal Executive Officer and Principal Financial Officer	April 410, 2012
Alan B. Springer
/s/ James Hammond	Director	April 410, 2012
James Hammond

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