Infinity Resources sells Colorado, Wy...

Infinity Resources sells Colorado, Wyoming assets to Forest Oil

There are 1 comment on the Platts story from Jan 4, 2008, titled Infinity Resources sells Colorado, Wyoming assets to Forest Oil. In it, Platts reports that:

“The transactions were structured not only to raise the proceeds necessary to substantially reduce the company's debt but also to afford Infinity a participation in the upsides that we have identified in the undeveloped acreage of both areas.”

Infinity said it expects the adjusted proceeds from the sale to be approximately $16 million and will use the money to retire about $12 million in debt, settle open oil and gas commodity derivative liabilities ... via Platts

Join the discussion below, or Read more at Platts.

LairenmayumBonne y

Pune, India

#2 Jan 30, 2008
Ha.... Wats up no reply?

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