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

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