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Stock impact report

Infinity Energy Resources Acquires Option to Purchase Current Production and Leasehold Rights for 11,000 Acres

INFINITY ENERGY RES INC (IFNY) 
US:NASDAQ Investor Relations: ifnyoil.com/investor.html
Company Research Source: GlobeNewswire
Company Plans Exploration and Development Program OVERLAND PARK, Kansas, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Infinity Energy Resources, Inc. (Pink Sheets: IFNY) ("Infinity" or the "Company"), an independent oil and gas exploration and development company, today announced that it has acquired an option from Core Energy, LLC, a closely held company (“Core”), to purchase the production and mineral rights/leasehold for oil & gas properties in the Central Kansas Uplift geological formation covering over 11,000 contiguous acres (the “Properties”). The purchase option gives the Company the right to acquire the Properties for $2.5 million prior to December 31, 2019, provided it pays a non-refundable deposit by August 31, 2019. The purchase will include the existing production equipment, infrastructure and ownership of 11 square miles of existing 3-D seismic data on the acreage. The Properties include a horizontal producing well, horizontal saltwater injection well, a conventional saltwater Show less Read more
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