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Infinity Enters Into Asset Sale and Joint Venture Agreements With Forest Oil Corporation.
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PR Newswire
- Article date:
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January 4, 2008
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Copyright informationCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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