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.
[mappress] Press Release, November 28, 2013