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.

Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Rail Geotechnical Engineer
Expertise: Geotechnical Engineer
Location: Nashville, TN
 
Operations Surveyor (Houston, TX)
Expertise: Geoscientist|Surveying
Location: Houston, TX
 
United States Houston: Engineer - Petrophysical Applications
Expertise: Petrophysicist
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours