Production at the Infinity Wolf Mountain 15-2-7-87 is estimated at 200 barrels of oil per day and accounted for approximately 20% of the Company's production in 2006.
James Tuell, President and Chief Operating Officer of Infinity Energy Resources said: "We are very relieved to report that all individuals working at the Wolf Mountain 15-2-7-87 have been accounted for, and no injuries have been reported. Immediately upon learning of the fire, we implemented all of our prescribed safety procedures for securing the well location and the immediate area around the well. The well is located approximately eight miles from the nearest town. The fire has been extinguished, and we estimate that we will be able to return the well to production within a month."
Infinity Energy Resources, Inc., through its wholly-owned subsidiaries Infinity Oil and Gas of Texas, Inc. and Infinity Oil & Gas of Wyoming, Inc., is an independent energy company engaged in the exploration, development and production of natural gas and oil and the operation and acquisition of natural gas and oil properties. The operations of Infinity Oil and Gas of Texas are focused on exploitation of the Barnett Shale formation in the Fort Worth Basin of north-central Texas. The operations of Infinity Oil & Gas of Wyoming are focused on the Wamsutter Arch Pipeline Field in southwest Wyoming and the Sand Wash Basin in northwest Colorado. The Company also has a 1.4 million acre oil and gas concession offshore Nicaragua in the Caribbean Sea.
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