Infinity Expects to Acquire Seismic This Year

Denver-based Infinity Energy Resources (Nasdaq: IFNY) this year expects to acquire seismic data for its hydrocarbons concession offshore Nicaragua, company CEO Stanton Ross said in a webcast.

Infinity holds Caribbean areas in the Perlas (2,291km2) and Tyra (3,330km2) blocks.

"We're slated to go down there yet this quarter to talk to the regional governments," he said.

As a result, the company could be acquiring seismic data this year.

"Last time I was there, I met with a lot of [President Daniel] Ortega's people and it was absolutely the most productive and encouraging trip I've have in the seven years I've been going down there," he said.

Infinity also has contacted a local company to carry out the environmental assessment, said the executive, adding calls have increased from potential partners interested in participating in the exploration phase.

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