**x**
**Quarterly      Report Under section 13 or 15(d) Of The Securities Exchange Act Of      1934**

**o**
**Transition      Report under Section 13 or 15(d) of the Securities Exchange Act of      1934**

**Imperial      Petroleum Recovery Corporation**

| **Nevada**                                     | **76-0529110**                     |
|------------------------------------------------|------------------------------------|
| (State                or other jurisdiction of | (I.R.S.                Employer    |
| incorporation                or organization)  | Identification                No.) |

**138      Seaberg Industrial Road**

**Dayton,      Texas 77535**

**(281)      821-1110**

**None**

**Common      Stock, par value $0.001 per share**

----

| Part                I                         |                  | 1                                                                              |
|-----------------------------------------------|-----------------------|--------------------------------------------------------------------------------|
|                                          |                  |                                                                           |
|                                          | Item                1 | Financials                Statements                                           | 1 |
|                                          |                  | Consolidated                Balance Sheets (Unauidted)                         | 2 |
|                                          |                  | Consolidated                Statements of Operations (Unaudited)               | 3 |
|                                          |                  | Consolidated                Statements of Cash Flows (Unaudited)               | 4 |
|                                          | Item                2 | Management’s                Discussion and Analysis or Plan of Operation | 11 |
|                                          | Item                3 | Controls                and Procedures                                         | 15 |
|                                          |                  |                                                                           |   |
|  Part              II- Other Information | 16                    |
|                                          |                  |
|                                          | Item                1 | Legal                Proceedings                                               | 16 |
|                                          | Item                2 | Unregistered                Sales of Equity Securities and Use of Proceeds     | 16 |
|                                          | Item                3 | Defaults                upon Senior Securities                                 | 16 |
|                                          | Item                4 | Submission                of Matters to a Vote of Security Holders             | 16 |
|                                          | Item                5 | Other                Information.                                              | 16 |
|                                          | Item                6 | Exhibits                and Reports on Form 8-K                                | 17 |
|                                          |                  | Signatures                                                                     | 20 |
|                                          |                  | Exhibits                Index                                                  | 21 |
|                                          |                  | Certifications                                                                 |  |

----

**Part      I**

**Item      1 Financials Statements**

----

**Consolidated      Balance Sheets**

|                                                                                                                            |   | July                31, |      | October                31, |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|-----------|----------------------------|--------|
|                                                                                                                            |   | 2006                    |      | 2005                       |   |
|  ASSETS                                                                                                                    |   |                    |      |                       |   |   |   |
| CURRENT                ASSETS                                                                                                   |   |                    |      |                       |   |   |   |
| Cash                and cash equivalents                                                                                        |   | $                       | 604,780   |                       | $      | 1,506,515 |   |
| Trade                accounts receivable, net                                                                                   |   |                    | -         |                       |   | 2,000 |   |
| Other                receivable                                                                                                 |   |                    | 2,500     |                       |   | - |   |
| Other                receivable - related party                                                                                 |   |                    | 1,644     |                       |   | 1,344 |   |
| Inventory                                                                                                                       |   |                    | 572,160   |                       |   | 480,390 |   |
| Prepaid                expenses                                                                                                 |   |                    | 51,412    |                       |   | - |   |
| Total                current assets                                                                                             |   |                    | 1,232,496 |                       |   | 1,990,249 |   |
| PROPERTY                AND EQUIPMENT, net                                                                                      |   |                    | 2,967,932 |                       |   | 135,278 |   |
| OTHER                ASSETS, net                of accumulated amortization of $29,199 and $25,613,                respectively |   |                    | 53,165    |                       |   | 46,316 |   |
| Total                assets                                                                                                     |   | $                       | 4,253,593 |                       | $      | 2,171,843 |   |

| LIABILITIES                AND STOCKHOLDERS’ DEFICIT                                                                                                        |   |   |        |   |   |        |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------|--------|--------|-------------|--------|
| CURRENT                LIABILITIES                                                                                                                                |   |   |        |   |   |        |   |
| Trade                accounts payable                                                                                                                             |   | $      | 673,650     |   | $      | 568,364     |   |
| Other                payables - related parties                                                                                                                   |   |   | 20,121      |   |   | 30,661      |   |
| Accrued                liabilities                                                                                                                                |   |   | 901,725     |   |   | 877,716     |   |
| Current                maturities of long-term obligations                                                                                                        |   |   | 2,127,678   |   |   | 1,107,889   |   |
| Total                current liabilities                                                                                                                          |   |   | 3,723,174   |   |   | 2,584,630   |   |
|                                                                                                                                                              |   |   |        |   |   |        |   |
| Long-term                obligations, less current maturities                                                                                                     |   |   | 2,977       |   |   | 1,057,796   |   |
| Securities                of Consolidated Subsidiary                                                                                                              |   |   | 3,728,368   |   |   | 1,320,777   |   |
| Total                liabilities                                                                                                                                  |   |   | 7,454,519   |   |   | 4,963,203   |   |
|                                                                                                                                                              |   |   |        |   |   |        |   |
| STOCKHOLDERS'                DEFICIT                                                                                                                              |   |   |        |   |   |        |   |
| Common                stock, par value $0.001; authorized 100,000,000 shares; issued and                outstanding 40,898,180 and 40,085,029 shares respectively |   |   | 40,899      |   |   | 40,085      |   |
| Additional                paid-in capital                                                                                                                         |   |   | 15,290,880  |   |   | 15,104,668  |   |
| Accumulated                deficit                                                                                                                                |   |   | (18,532,705 | )      |   | (17,936,113 | )      |
| Total                stockholders’ deficit                                                                                                                  |   |   | (3,200,926  | )      |   | (2,791,360  | )      |
| Total                liabilities and stockholders’ deficit                                                                                                  |   | $      | 4,253,593   |   | $      | 2,171,843   |   |

----

**Consolidated      Statements of Operations**

**for      the Three and Nine-Month Periods Ended **
**July      31, 2006 and 2005**

|                                                                            |   |  For                  the three   |       | For                  the nine          |   |
|---------------------------------------------------------------------------------|--------|----------------------------------------|------------|----------------------------------------|--------|
|                                                                            |   | months                  ended July 31, |       | months                  ended July 31, |   |
|                                                                            |   |                                   | 2006       |                                   |   | 2005 |   |   | 2006 |   |   | 2005 |   |
|                                                                            |   |                                   |       |                                   |   |   |   |   |   |   |   |   |   |
| Revenues                                                                        |   | $                                      | -          |                                   | $      | 3,000 |   | $ | - |   | $ | 3,000 |   |
|                                                                            |   |                                   |       |                                   |   |   |   |   |   |   |   |   |   |
| Operating                  expenses:                                            |   |                                   |       |                                   |   |   |   |   |   |   |   |   |   |
| Selling,                  general and administrative expenses                   |   |                                   | 337,547    |                                   |   | 265,752 |   |   | 890,556 |   |   | 827,320 |   |
| Research                  and development                                       |   |                                   | 14,453     |                                   |   | 11,995 |   |   | 64,501 |   |   | 21,437 |   |
| Depreciation                  and Amortization                                  |   |                                   | 38,882     |                                   |   | 29,929 |   |   | 95,083 |   |   | 96,196 |   |
| Total                  operating expenses                                       |   |                                   | 390,882    |                                   |   | 307,676 |   |   | 1,050,140 |   |   | 944,953 |   |
| Loss                  from operations                                           |   |                                   | (390,882   | )                                      |   | (304,676 | ) |   | (1,050,140 | ) |   | (941,953 | ) |
|                                                                            |   |                                   |       |                                   |   |   |   |   |   |   |   |   |   |
| Other                  income (expense):                                        |   |                                   |       |                                   |   |   |   |   |   |   |   |   |   |
| Interest                  Income                                                |   |                                   | 11,592     |                                   |   | 535 |   |   | 35,253 |   |   | 820 |   |
| Gain                  on extinguishment of debt                                 |   |                                   | -          |                                   |   | 106,011 |   |   | 237,759 |   |   | 2,296,597 |   |
| Loss                  of Non-Controlling Interests in Consolidated Subsidiary   |   |                                   | 312,509    |                                   |   | - |   |   | 792,409 |   |   | - |   |
| Gain                  on disposition of assets                                  |   |                                   | 11,700     |                                   |   | - |   |   | 11,700 |   |   | 11,466 |   |
| Rental                  Income                                                  |   |                                   | 9,000      |                                   |   | - |   |   | 13,000 |   |   | - |   |
| Interest                  expense                                               |   |                                   | (269,551   | )                                      |   | (165,497 | ) |   | (636,577 | ) |   | (414,213 | ) |
| Other                  Income (expense)                                         |   |                                   | -          |                                   |   | - |   |   | 4 |   |   | - |   |
| Total                  other income (expense), net                              |   |                                   | 75,250     |                                   |   | (58,951 | ) |   | 453,548 |   |   | 1,894,670 |   |
| Net                  Income (loss)                                              |   | $                                      | (315,632   | )                                      | $      | (363,627 | ) | $ | (596,592 | ) | $ | 952,717 |   |
|                                                                            |   |                                   |       |                                   |   |   |   |   |   |   |   |   |   |
| Net                  Income (loss) per common share-basic and diluted           |   | $                                      | (0.01      | )                                      | $      | (0.01 | ) | $ | (0.01 | ) | $ | 0.03 |   |
|                                                                            |   |                                   |       |                                   |   |   |   |   |   |   |   |   |   |
| Weighted                  average common shares outstanding - basic and diluted |   |                                   | 40,898,180 |                                   |   | 40,082,855 |   |   | 40,665,851 |   |   | 34,054,204 |   |

----

**Consolidated      Statements of Cash Flows for the Nine-Month Periods Ended **
**July      31, 2006 and 2005**

|                                                                                                      |   | For                the nine          |       |
|-----------------------------------------------------------------------------------------------------------|--------|--------------------------------------|------------|
|                                                                                                      |   | months                ended July 31, |       |
|                                                                                                      |   | 2006                                 |       | 2005 |   |
|                                                                                                      |   |                                 |       |   |   |   |   |
| Cash                flows from operating activities:                                                      |   |                                 |       |   |   |   |   |
| Net                Income (loss)                                                                          |   | $                                    | (596,592   | ) | $ | 952,717 |   |
| Adjustments                to reconcile net loss to net cash used in operating                activities: |   |                                 |       |   |   |   |   |
| Depreciation                and amortization                                                              |   |                                 | 95,083     |   |   | 96,196 |   |
| Loss                of Non-Controlling Interests in Consolidated Subsidiary                               |   |                                 | (792,409   | ) |   | - |   |
| Share-based                compensation                                                                   |   |                                 | -          |   |   | 214,000 |   |
| Discount                amortization on 12% secured convertible notes                                     |   |                                 | 339,077    |   |   | 85,400 |   |
| Interest                accretion on Guaranteed Investment Contract                                       |   |                                 | -          |   |   | 73,197 |   |
| Gain                on settlement of debt for stock                                                       |   |                                 | (29,815    | ) |   | (2,148,808 | ) |
| Gain                on write-off of accounts payable                                                      |   |                                 | (207,944   | ) |   | (147,790 | ) |
| (Gain)/loss                on disposal of property and equipment                                          |   |                                 | (11,700    | ) |   | (11,466 | ) |
| Changes                in assets and liabilities:                                                         |   |                                 |       |   |   |   |   |
| Trade                accounts receivable                                                                  |   |                                 | -          |   |   | 200 |   |
| Other                receivables                                                                          |   |                                 | (500       | ) |   | - |   |
| Other                receivables, related party                                                           |   |                                 | -          |   |   | (4,970 | ) |
| Employee                Advances                                                                          |   |                                 | (300       | ) |   | (644 | ) |
| Inventory                                                                                                 |   |                                 | (91,770    | ) |   | (297,135 | ) |
| Prepaid                expenses                                                                           |   |                                 | (51,412    | ) |   | 4,000 |   |
| Other                assets                                                                               |   |                                 | (10,436    | ) |   | 1,895 |   |
| Trade                accounts payables                                                                    |   |                                 | 290,920    |   |   | 58,453 |   |
| Other                payables, related party                                                              |   |                                 | (10,540    | ) |   | 19,788 |   |
| Accrued                liabilities                                                                        |   |                                 | 274,860    |   |   | 257,239 |   |
| Total                adjustments                                                                          |   |                                 | (206,886   | ) |   | (1,800,445 | ) |
| Net                cash used in operating activities                                                      |   |                                 | (803,478   | ) |   | (847,728 | ) |
|                                                                                                      |   |                                 |       |   |   |   |   |
| Cash                flows from investing activities:                                                      |   |                                 |       |   |   |   |   |
| Purchases                of property and equipment                                                        |   |                                 | (2,924,150 | ) |   | (7,641 | ) |
| Proceeds                from disposal of property and equipment                                           |   |                                 | -          |   |   | 2,658 |   |
| Net                cash (used) in investing activities                                                    |   |                                 | (2,924,150 | ) |   | (4,983 | ) |
|                                                                                                      |   |                                 |       |   |   |   |   |
| Cash                flows from financing activities:                                                      |   |                                 |       |   |   |   |   |

| Proceeds                from sales of securities of consolidated subsidiary   |   |   | 3,200,000 |   |   | -        |   |
|-------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|----------|--------|
| Proceeds                from issuance of long-term obligations                |   |   | -         |   |   | 750,000  |   |
| Principal                payments on current portion of long-term obligations |   |   | (374,107  | )      |   | (27,718  | )      |
| Net                cash provided by financing activities                      |   |   | 2,825,893 |   |   | 722,282  |   |
|                                                                          |   |   |      |   |   |     |   |
| Net                increase (decrease) in cash and cash equivalents           |   |   | (901,735  | )      |   | (130,429 | )      |
| Cash                and cash equivalents at beginning of period               |   |   | 1,506,515 |   |   | 412,156  |   |
| Cash                and cash equivalents at end of period                     |   | $      | 604,780   |   | $      | 281,727  |   |
|                                                                          |   |   |      |   |   |     |   |
| Supplemental                disclosure of cash flow information               |   |   |      |   |   |     |   |
| Cash                paid during the period for interest                       |   | $      | 3,951     |   | $      | 7,061    |   |
| Cash                paid during the period for taxes                          |   | $      | -         |   | $      | -        |   |

----

**Notes        to Unaudited Consolidated Financial Statements **

**Consolidated      Statements of Cash Flows for the Nine Months Ended July      31-Continued**

----

**Notes        to Unaudited Consolidated Financial Statements **

|  | 1. | Inventories |
|--|----|-------------|

|  | 2. | Warrants,                Stock options & Restricted stock program |
|--|----|-----------------------------------------------------------------------|

----

**Notes        to Unaudited Consolidated Financial Statements **

|                                                                                                                                    |   |  For                  the three months ended  |     |  For                  the nine months ended |   |
|-----------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------|----------|--------------------------------------------------|--------|
|                                                                                                                                    |   |  July                  31, 2005               |     |  July                  31, 2005        |   |
| Net                  Income (loss) as reported                                                                                          |   | $                                                       | (363,627 | )                                                | $      | 952,717 |   |
| Pro                  forma effect of expensing stock based compensation plans using                  fair value                  method |   | $                                                       | (120,000 | )                                                | $      | (120,000 | ) |
| Net                  Income (loss) as adjusted                                                                                          |   | $                                                       | (483,627 | )                                                | $      | 832,717 |   |
|                                                                                                                                    |   |                                                    |     |                                             |   |   |   |
| **BASIC                  EARNINGS PER COMMON SHARE**:                                                                                   |   |                                                    |     |                                             |   |   |   |
| Net                  income (loss) as reported                                                                                          |   | $                                                       | (0.01    | )                                                | $      | 0.03 |   |
| Basic                  earnings per common share, as adjusted                                                                           |   | $                                                       | (0.01    | )                                                | $      | 0.02 |   |

----

**Notes        to Unaudited Consolidated Financial Statements **

----

**Notes      to Unaudited Consolidated Financial Statements **

----

**Notes        to Unaudited Consolidated Financial Statements **

|                                                                                                 |   | For                the three months ended |       | For                the nine months ended |   |
|------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|------------|------------------------------------------|--------|
|                                                                                                 |   | July                31                    |       | July                31                   |   |
|                                                                                                 |   | 2006                                      |       | 2005                                     |   | 2006 |   | 2005 |   |
| Net                Income loss per common share - basic and diluted                                  |   |                                      |       |                                     |   |   |   |   |   |
| Net                Income (loss) available to common shareholders-basic and                diluted   |   | $                                         | (315,633   | )                                        | $      | (363,627 | ) | $ | (596,592 | ) | $ | 952,717 |   |
|                                                                                                 |   |                                      |       |                                     |   |   |   |   |   |   |   |   |   |
| Common                shares outstanding during the entire period                                    |   |                                      | 40,898,180 |                                     |   | 40,082,855 |   |   | 40,085,029 |   |   | 20,845,687 |   |
| Weighted                average common shares issued during the period                               |   |                                      | -          |                                     |   | - |   |   | 580,822 |   |   | 13,208,517 |   |
| Weighted                average number of common shares used in basic and diluted                EPS |   |                                      | 40,898,180 |                                     |   | 40,082,855 |   |   | 40,665,851 |   |   | 34,054,204 |   |
| Net                loss per share - basic and diluted                                                |   | $                                         | (0.01      | )                                        | $      | (0.01 | ) | $ | (0.01 | ) | $ | 0.03 |   |

----

**Item      2 Management’s Discussion and Analysis or Plan of      Operation**

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----

----

**.**

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**Item      3 Controls and Procedures**

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**Part      II- Other Information**

**Item      1 Legal Proceedings**

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

**Item      3 Defaults upon Senior Securities**

**Item      4 Submission of Matters to a Vote of Security Holders**

**Item      5 Other Information.**
** **

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**Item      6 Exhibits and Reports on Form 8-K**

**The      following exhibits are to be filed as part of the of the 10-KSB and      10-QSB**

| 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 Commission with a filing date of August 8, 1996, Commission 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).                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.1   | Marketing                Agreement dated October 6, 1999 with Mobil Technology Company                and** **the                Company (incorporated by reference to Exhibit 10.1 to the Company’s                current report on Form 8-K filed with the Commission on February                26,                2001).                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.2   | Loan                Agreement dated January 19, 2001 between Maya, LLC and the Company                (incorporated by reference to Exhibit 10.2 to the Company’s annual report                on Form 10-QSB filed with the Commission on March 20,                2001).                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.3   | Purchase                of Shares of Common Stock issued to Maya LLC (incorporated by reference                to                Exhibit 1 to the Schedule 13D of Maya LLC filed with the Commission                on                September 25, 1997).                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.4   | Warrant                for the Purchase of Shares of Common Stock dated December 11, 1997                issued                to Maya LLC (incorporated by reference to Exhibit 1 to the Schedule                13D/A                of Maya LLC filed with the Commission on December 22,                1997)                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.5   | Warrant                for the Purchase of Shares of Common Stock dated March 11, 1998 issued                by                the Company to Maya LLC (incorporated by reference to Exhibit 1 to                the                Schedule 13D/A of Maya LLC filed with the Commission on March 23,                1998).                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.6   | Warrant                for the Purchase of Shares of Common Stock exercisable as of July                11, 1998                issued by the Company to Maya LLC (incorporated by reference to Exhibit                1                to the Schedule 13D/A of Maya LLC filed with the Commission of June                22,                1998).                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.7   | Warrant                for the Purchase of Shares of Common Stock dated December 8, 1998                issued                by the Company to Maya LLC (incorporated by reference to Exhibit                1 to the                Schedule 13D/A of Maya LLC filed with the Commission on December                18,                1998).                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.8   | Warrant                for the Purchase of Shares of Common Stock dated October 6, 1999                issued by                the Company to the Howarth Family Trust (incorporated by reference                to                Exhibit 4 to the Schedule 13D of the Howarth Family Trust dated 10/1/87                filed with the Commission on June 13,                2001). |

----

| 10.9   | Loan                Agreement between the Company and Treeview Investments Inc. dated                as of                July 27, 2001 (incorporated by reference to Exhibit 5 to the Schedule                13D/A of Paul Howarth filed with the Commission on August 13,                2001).                                                                                                                                                                    |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.10  | Amendment                No. 1 dated July 27, 2001 to the Warrant for the Purchase of Shares                of                Common Stock dated December 11, 1997 issued by the Company to the                Howarth                Family Trust (incorporated by reference to Exhibit 6 to the Schedule                13D/A                of the Howarth Family Trust dated 10/1/87 filed with the Commission                on                August 13, 2001). |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.11  | License                Agreement between IPRC and Tradewinds Oil and Gas Inc. (incorporated                by                reference to Exhibit 10.11 to the Company’s 10K filed with the Commission                of December 1, 2005).                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.12  | Security                Deposit Forbearance Agreement, dated June 8, 2004, between IPRC and                successor in interest to Mobil (incorporated by reference to Exhibit                10.12                to the Company’s 10K filed with the Commission of December 1,                2005).                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.13  | Management                Agreement, effective August 1, 2005, between IPRC and Agribiofuels,                LLC(incorporated by reference to Exhibit 10.13 to the Company’s 10K filed                with the Commission of December 1, 2005).                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.14  | Form                of Note Agreement, executed in 2005, between IPRC and investors                (incorporated by reference to Exhibit 10.15 to the Company’s 10K filed                with the Commission of December 1, 2005).                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.15  | Form                of Registration Right Agreement, executed in 2005, between IPRC and                investors (incorporated by reference to Exhibit 10.16 to the Company’s 10K                filed with the Commission of December 1, 2005).                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.16  | Form                of Warrant Agreement, executed in 2005, between IPRC and investors                (incorporated by reference to Exhibit 10.17 to the Company’s 10K filed                with the Commission of December 1, 2005).                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.17  | Strategic                Marketing Manufacturing and Technology Licensing Agreement (incorporated                by reference to Exhibit 10.18 to the Company’s 10K filed with the                Commission of December 1, 2005).                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.18  | Commercial                Contract, between the Company and Dayton Rice Milling, Inc., dated                December 9, 2005. (incorporated by reference to the Company’s 10K filed                with the Commission on March 21, 2006).                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.19  | Second                Forbearance Agreement, dated January 1, 2006, between IPRC and the                successor in interest to Mobil. .(incorporated by reference to the                Company’s 10K filed with the Commission on March 21,                2006)                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.20  | Note                agreement between IPRC and Agribiofuels, LLC(incorporated by reference                filed with the Commission on July 20, 2006)                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.21  | Lease                between Agribiofuels, LLC and Seaberg Rice, Inc. effective date March                31,                2006 filed July 21, 2006                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 21.1   | Subsidiaries                of Registrant (incorporated by reference to Exhibit 21.1 to the Company’s                10K filed with the Commission of March 21,                2006).                                                                                                                                                                                                                                                                           |

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| 31.1   | Certification                of Alan Springer.                                         |
|--------|----------------------------------------------------------------------------------------|
|   |                                                                                   |
| 31.2   | Certification                of Edward Gaiennie.                                       |
|   |                                                                                   |
| 32.1   | Certification                for Sarbanes-Oxley Act of Alan Springer.                  |
|   |                                                                                   |
| 32.2   | Certification                for Sarbanes-Oxley Act of Edward                Gaiennie. |

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**Signatures**

|                          |                                                                                                |                              |
|-------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------|
|                          | IMPERIAL                PETROLEUM RECOVERY CORPORATION                                              |
|                     |                                                                                           |                         |
| October              24, 2006 | By:                                                                                       | /s/              Alan B. Springer |
|                          | Alan                B. Springer, Chairman and Chief                Executive                Officer |

|                            |                                                                                                           |                                        |
|---------------------------------|----------------------------------------------------------------------------------------------------------------|---------------------------------------------|
| October                24, 2006 | By:                                                                                                  | /s/                Edward C. Gaiennie  |
|                            | Edward                  C. Gaiennie, Chief Financial Officer and                  Principal Accounting Officer |

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**Imperial      Petroleum Recovery Corporation**

**Exhibits      Index**

| Exhibit                No. |   |                                                                                                                                                                                                                                                                                                                                                                    | Identification                of Exhibit |   |
|----------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------|--------|
| 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 Commission with a filing date of August 8, 1996, Commission 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).                                |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.1                       |   | Marketing                Agreement dated October 6, 1999 with Mobil Technology Company and                the                Company (incorporated by reference to Exhibit 10.1 to the Company’s                current report on Form 8-K filed with the Commission on February                26,                2001).                                         |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.2                       |   | Loan                Agreement dated January 19, 2001 between Maya, LLC and the Company                (incorporated by reference to Exhibit 10.2 to the Company’s annual report                on Form 10-QSB filed with the Commission on March 20,                2001).                                                                                        |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.3                       |   | Purchase                of Shares of Common Stock issued to Maya LLC (incorporated by reference                to                Exhibit 1 to the Schedule 13D of Maya LLC filed with the Commission                on                September 25, 1997).                                                                                                              |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.4                       |   | Warrant                for the Purchase of Shares of Common Stock dated December 11, 1997                issued                to Maya LLC (incorporated by reference to Exhibit 1 to the Schedule                13D/A                of Maya LLC filed with the Commission on December 22,                1997).                                                      |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.5                       |   | Warrant                for the Purchase of Shares of Common Stock dated March 11, 1998 issued                by                the Company to Maya LLC (incorporated by reference to Exhibit 1 to                the                Schedule 13D/A of Maya LLC filed with the Commission on March 23,                1998).                                             |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.6                       |   | Warrant                for the Purchase of Shares of Common Stock exercisable as of July                11, 1998                issued by the Company to Maya LLC (incorporated by reference to Exhibit                1                to the Schedule 13D/A of Maya LLC filed with the Commission of June                22,                1998).                    |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.7                       |   | Warrant                for the Purchase of Shares of Common Stock dated December 8, 1998                issued                by the Company to Maya LLC (incorporated by reference to Exhibit                1 to the                Schedule 13D/A of Maya LLC filed with the Commission on December                18,                1998).                         |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.8                       |   | Warrant                for the Purchase of Shares of Common Stock dated October 6, 1999                issued by                the Company to the Howarth Family Trust (incorporated by reference                to                Exhibit 4 to the Schedule 13D of the Howarth Family Trust dated 10/1/87                filed with the Commission on June 13, 2001). |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                    |
| 10.9                       |   | Loan                Agreement between the Company and Treeview Investments Inc. dated                as of                July 27, 2001 (incorporated by reference to Exhibit 5 to the Schedule                13D/A of Paul Howarth filed with the Commission on August 13,                2001).                                                                      |

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| 10.10  | Amendment                No. 1 dated July 27, 2001 to the Warrant for the Purchase of Shares                of                Common Stock dated December 11, 1997 issued by the Company to the                Howarth                Family Trust (incorporated by reference to Exhibit 6 to the Schedule                13D/A                of the Howarth Family Trust dated 10/1/87 filed with the Commission                on                August 13, 2001). |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.11  | License                Agreement between IPRC and Tradewinds Oil and Gas Inc. (incorporated                by                reference to Exhibit 10.11 to the Company’s 10K filed with the Commission                of December 1, 2005).                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.12  | Security                Deposit Forbearance Agreement, dated June 8, 2004, between IPRC and                successor in interest to Mobil. (incorporated by reference to Exhibit                10.12 to the Company’s 10K filed with the Commission of December 1,                2005).                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.13  | Management                Agreement, effective August 1, 2005, between IPRC and Agribiofuels,                LLC                (incorporated by reference to Exhibit 10.13 to the Company’s 10K filed                with the Commission of December1, 2005).                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.14  | Form                of Note Agreement, executed in 2005, between IPRC and investors                (incorporated by reference to Exhibit 10.15 to the Company’s 10K filed                with the Commission of December 1, 2005).                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.15  | Form                of Registration Right Agreement, executed in 2005, between IPRC and                investors(incorporated by reference to Exhibit 10.16 to the Company’s 10K                filed with the Commission of December 1, 2005)..                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.16  | Form                of Warrant Agreement, executed in 2005, between IPRC and investors                (incorporated by reference to Exhibit 10.17 to the Company’s 10K filed                with the Commission of December 1, 2005)..                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.17  | Strategic                Marketing Manufacturing and Technology Licensing Agreement( incorporated                by reference to Exhibit 10.18 to the Company’s 10K filed with the                Commission of December 1, 2005).                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.18  | Commercial                Contract, between the Company and Dayton Rice Milling, Inc., dated                December 9, 2005 (incorporated by reference to the Company’s 10K filed                with the Commission on March 21, 2006)                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.19  | Second                Forbearance Agreement, dated January 1, 2006, between IPRC and the                successor in interest to Mobil.(incorporated by reference to the                Company’s                10K filed with the Commission on March 21, 2006)                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.20  | Note                agreement between IPRC and Agribiofuels, LLC(incorporated by reference                filed with the Commission on July 20, 2006)                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.21  | Lease                between Agribiofuels, LLC and Seaberg Rice, Inc. effective date March                31,                2006 filed on July 21, 2006                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 21.1   | Subsidiaries                of Registrant Articles of Incorporation of the Company .(incorporated                by                reference to the Company’s 10K filed with the Commission on March 21,                2006)                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 31.1   | Certification                of Alan Springer.                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 31.2   | Certification                of Edward Gaiennie.                                                                                                                                                                                                                                                                                                                                                                                                                      |

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| 32.1   | Certification                for Sarbanes-Oxley Act of Alan Springer.                  |
|--------|----------------------------------------------------------------------------------------|
|   |                                                                                   |
| 32.2   | Certification                for Sarbanes-Oxley Act of Edward                Gaiennie. |

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