Infinity Energy Resources, Inc Appoints John Loeffelbein as Chief Operating Officer
September 30, 2019 at 01:30 pm
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Infinity Energy Resources, Inc. announced that it has appointed John Loeffelbein as its Chief Operating Officer (COO). As COO, Loeffelbein will help lead Infinity’s expansion into domestic exploration and development projects, principally the completion of the purchase of existing production and mineral rights to oil & gas properties in Central Kansas that cover over 11,000 contiguous acres (the Properties). The purchase will include the existing production equipment and access to existing 3-D Seismic Data on the acreage. The Properties acquisition includes one existing horizontal producing well, one horizontal saltwater injection well, two conventional saltwater disposal wells, and one conventional, vertical producing well producing from the Reagan Sand Zone from an approximate depth of 3,600 feet. The acquisition is expected to close prior to December 31, 2019, subject to the Company obtaining adequate financing. Loeffelbein will assist in the Company’s capital raising activities to obtain the funds required to close the purchase of the Properties and execute its exploration and development program. The exploration and development program will include the drilling of at least six (6) conventional production wells following the closing of the acquisition, subject to obtaining sufficient financing. Mr. Loeffelbein is a member of Core Energy, LLC. In 2017, Mr. Loeffelbein helped found Vulcan Labs, LLC.
American Noble Gas, Inc. is engaged in the business of exploring and developing areas that contain noble gas and rare earth mineral reserves, in addition to the exploration and development of traditional oil and gas. The Companyâs Central Kansas Uplift Properties include the production and mineral rights/leasehold for oil and gas properties, subject to overriding royalties to third parties, covering over 11,000 contiguous acres. Its properties include a horizontal producing well, horizontal saltwater injection well, conventional saltwater disposal well, and two conventional vertical producing wells, which produce oil from the Reagan Sand zone at an approximate depth of 3,600 feet. It also has an oil and gas interest in the Hugoton Gas Field, located in Haskell and Finney Counties, Kansas. It also assessed various opportunities and strategic alternatives involving the acquisition, exploration and development of oil and gas oil producing properties in the United States.
AMERICAN NOBLE GAS, INC. 
