American Noble Gas Announces Initial Flow Rates and Helium Concentration From its First Production Well in the Hugoton Field
INFINITY ENERGY RES INC (IFNY)
US:NASDAQ Investor Relations:
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Source: GlobeNewswire
Company in Discussion with Potential Buyers Regarding Terms of a Long-Term Supply Contract to Monetize its Helium Gas Yield Including all of its Production Wells Drilled or to be Drilled Inside the Hugoton Gas Field in Haskell and Finney Counties, Kansas Covered by our Participation Agreement. Lenexa, KS, Sept. 22, 2022 (GLOBE NEWSWIRE) -- American Noble Gas, Inc. (OTC-QB: IFNY) (“AMGAS” or the “Company”) announced initial results that confirm that it has become one of the few United States publicly traded companies that is actually producing and selling helium gas. The Company reported results that met its initial goals in terms of production forecasts and further confirmed that its initial production is generating positive cash-flow from its Hugoton Gas Field operations. The Company's first production well, the Peyton 21-1, has been producing natural gas, natural gas liquids, and helium since August 11, 2022 at rates most recently over 100 mcfd (Thousand Cubic Feet Per Day). The
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