Infinity Resources sells Colorado, Wyoming assets to Forest Oil
“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
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#2 Jan 30, 2008
Ha.... Wats up no reply?
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