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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- Infinity Energy Resources Names Technical Team for Offshore Nicaragua (Jun 23)
- Nicaragua Inks New Offshore Exploration Deal (Mar 06)
- Infinity Gets Approval for Offshore Nicaraguan E&D Contracts (Jul 07)