Infinity Energy Resources, Inc., an independent oil and gas exploration and development company, announced that it has completed a 2D seismic survey covering selected areas within the boundaries of its 1.4 million-acre oil and gas Concessions in the Caribbean Sea offshore Nicaragua.
“Despite having to deal with extremely difficult weather conditions, water depth issues, and scheduling conflicts, we are pleased to report that the 2-D seismic survey was completed prior to the deadline incorporated into our exploration contract with the Government of Nicaragua,” stated Stanton E. Ross, Chief Executive Officer of Infinity Energy Resources, Inc. “Our Company has thus complied with its requirements for 2-D seismic mapping on both the Tyra and Perlas blocks that comprise its Concessions, and we will work with CGG to schedule a 3-D seismic survey in the second quarter of 2014. CGG, a fully integrated Geoscience company that provides geological, geophysical and reservoir services to the global oil and gas industry, conducted the water depth analyses and the 2-D seismic mapping ‘shoot’ over the past several weeks.”
“We were extremely impressed with the ability of CGG to complete the seismic survey on a timely basis, given the variety of challenges encountered offshore,” continued Ross. “The skills, professionalism and integrity of CGG’s managers and technical team are outstanding, and we look forward to working with them as we move forward with our exploration activities in the coming months and years.”
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Press Release, January 03, 2014