Infinity Energy Resources, Inc. announced that it has closed the purchase of 100% of the working interest in a leasehold containing current oil and gas production and mineral rights in a proven basin in the Central Kansas Uplift geological formation covering approximately 11,000 acres . The company purchased the Properties from Core Energy, LLC. The option provided the company the right to acquire the Properties for $900,000 which was paid at closing on April 1, 2021. The company utilized the net proceeds of its recently completed $2.05 million Convertible Preferred Stock Offering to fund the purchase and planned development of the Properties. The purchase of the Properties included the existing production equipment, infrastructure and ownership of 11 square miles of existing 3-D seismic data on the acreage. The company acquired 100% of the working interest in the leasehold containing one horizontal producing well, one horizontal injection well, two conventional vertical producing wells and one supply well, which currently produce from the Reagan Sand zone with an approximate depth of 3,600 feet. The Properties have produced approximately 29,000 cumulative barrels of oil over the prior three-year period according to records maintained by the Kansas Geological Society. The company has commenced with workover/stimulation activities on the two conventional producing wells which is expected to be completed within the next 30 days. In addition, the company is scheduling workover/stimulation activities on the horizontal producing well which is expected to be completed in the next 90 days. The company intends to drill at least four conventional production wells within the 12 months following the closing of the acquisition, subject to obtaining sufficient financing. The company plans to perform tests and evaluation of other potential oil & gas producing zones that may be productive including the potential for other types of mineral deposits on the acreage. Should these additional oil & gas producing zones and/or other mineral reserves be proven in commercial quantities the company may seek joint venture or working interest partners or seek offers from other industry operators for interests in such oil, gas and other mineral reserves contained in the acreage in exchange for cash and a carried interest in exploration and development operations or other strategic partnership to obtain financing for the exploration, development and production of such new reserves.