Infinity Energy Resources and Nicaraguan Government Finalize Offshore Oil and Gas Concession Contracts
“The final approval of our offshore exploration and development contracts by the Ministry of Energy and Mines and the Government of
“Our concessions are located in an area of the Caribbean Sea that is beginning to attract interest among larger exploration and production organizations, including Noble Energy, a
“We have already secured the capital necessary to acquire and process additional seismic information across our concessions, and to proceed with initial environmental studies over the next twelve months. In addition, our primary lender, Amegy Bank, N.A., through one of its correspondent banks in
“With the signing of the
About Infinity Energy Resources, Inc.
Infinity Energy Resources, Inc. is an independent energy company engaged in the exploration, development and production of natural gas and oil in
The Company is headquartered in
This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe”, “estimate”, “project”, “expect” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Forward-looking statements in this press release include the success of the Company’s plans to move forward with exploration and development activities in
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