Press release article from our research archive:

Infinity Enters Into Asset Sale and Joint Venture Agreements With Forest Oil Corporation.

DENVER, Jan. 4 /PRNewswire-FirstCall/ -- Infinity Energy Resources, Inc. ("Infinity"), an independent oil and gas exploration and development company, today announced that its wholly-owned Infinity Oil & Gas of Wyoming, Inc. ("Infinity-Wyoming") subsidiary entered into a definitive Asset Purchase and Sale Agreement with Forest Oil Corporation ("Forest Oil") on December 27, 2007.

Under the terms of the Asset Purchase and Sale Agreement, Infinity-Wyoming has agreed to sell, and Forest Oil has agreed to purchase, essentially all of Infinity-Wyoming's producing oil and gas properties in Colorado and Wyoming, along with 80% of the working interest owned by Infinity-Wyoming ...

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