Infinity Energy Resources, Inc. , an independent oil and gas exploration and development company, today announced that it has commenced its seismic survey activities with the November 25th departure of the survey vessel M.V. Viking 1 from Panama and its arrival on-site in Nicaraguan waters in the Caribbean Sea earlier today.
“Seismic mapping is scheduled to begin no later than Saturday, November 30th and the acquisition of 2-D seismic should be completed by mid-December,” stated Stanton E. Ross, Chief Executive Officer of Infinity Energy Resources, Inc. “Under the terms of our agreement with CGG, a fully integrated Geoscience company that provides geological, geophysical and reservoir services to the global oil and gas industry, the seismic survey will include 2-D and 3-D mapping, processing and interpretation services on our 1.4 million-acre oil and gas concessions.”
“Our Geophysical Consultant, Bob Fleming, along with other Infinity representatives, will oversee the seismic activities throughout the mapping phase of the survey,” continued Ross. “Bob has over 38 years of experience involving a wide variety of geoscience assignments, most of which were with Sun Oil and its successor companies: Sunmark, Sun E&P, Oryx, Kerr-McGee and Anadarko.”
“CGG will ‘shoot’ approximately 1,050 linear kilometers of 2-D seismic and approximately 500 square kilometers of 3-D seismic focused on at least two high-potential prospects that we have identified along the Nica-Tinkham Ridge beneath the waters of our Tyra and Perlas concessions. We expect initial processing of the 2-D seismic data to be completed by early January 2014, prior to the deadline incorporated into our exploration contract with the Government of Nicaragua,” concluded Ross.
Press Release, November 28, 2013