Saturday, May 25, 2024

Logo Central America Link

US independent oil firm Infinity sells assets with an eye on Nicaragua

Wednesday, December 14, 2011

US oil company Infinity Energy Resources has sold its oil and gas properties in Texas for $1 million in order to direct its attention to developing fields in Nicaragua.

The company’s focus has shifted to its 1.4 million-acre offshore oil and gas concession in Nicaragua.

The company has nearly completed environmental studies in the Central American nation and is now preparing to launch a 3D seismic shoot targeting previously identified structures in two blocks.

Original source: Upstream Online