FOR IMMEDIATE RELEASE:
IEC to work with Strata on Permian assets
February 6, 2014
Infinity Energy Capital LLC (IEC) has been engaged by Strata Resources Inc. to work with its team in the divestiture and/or development of approximately 39,000 acres in the Permian Basin.
Strata’s position has been geologically correlated relative to Laredo Petroleum’s, Pioneer’s and Devon’s massive discoveries in Glasscock, Midland and Coke counties, respectively. They have spent over a year, studying more than 1,000 well logs and correlating the geology underlying their positions, resulting in approximately 25,000 acres in Coke, 7,000 in Sterling/Tom Green, and 7,000 in Nolan counties.