![]() ![]() We believe that potential rewarding resources of helium and perhaps other noble gases are present on our Central Kansas Properties. The name change that our shareholders approved at the annual meeting represents just the beginning of our transformation from a traditional oil and natural gas production company to a leading producer of noble gases. ![]() ![]() Ross, Chairman and Chief Executive Officer of AMGAS remarked : “The Company couldn’t be more excited to announce its strategic focus on the exploration, development and production of noble gases. The Company will continue to explore for, develop and produce hydrocarbons on its Central Kansas Properties and the targeted properties however, the existence of helium and other noble gas resources could prove to be far more valuable than tradition oil and natural gas production. The Company will keep investors informed of developments with respect to the acquisition of additional properties and their potential noble gas resources. The Company’s goal is to become a leading producer of noble gases in the United States and the world to meet the largely unmet demand for such scarce resources. The Company believes that certain of the targets with acreage that is proximate to its Central Kansas Properties could provide the gas gathering and pipeline infrastructure necessary to accommodate the needs of its Central Kansas Properties in addition to expanding AMGAS’s existing and proven oil and gas reserves. This is an important measure which management believes will facilitate the Company’s plan to target several potential acquisitions of oil and gas properties in geographic proximity to its Central Kansas Properties which could be financed, in part with equity. In addition, the shareholders approved a proposal to increase the authorized shares of common stock at the Annual Meeting. The Company will be conducting additional testing during the remainder of 2021 as well as possibly drilling additional pilot wells to support the existence of helium and other noble gas resources contained on its Central Kansas Properties. The Company has been and continues to test its Central Kansas Properties for the existence of noble gas resources and such tests have yielded very positive but not yet conclusive results. Currently hybrid and electric cars, wind power generators, the military, electronic, medical imaging, and optics (laser) technology industries have created dramatically increased demand for noble gases and rare earth elements, which are critical to the advancement of these and other high-technology fields. AMGAS’s professional oil and gas exploration and production team is actively targeting and evaluating helium and other noble gas resources on its Central Kansas Properties to help meet the increasing global demand for noble gases including helium which represents an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries. The name change emphasizes the Company’s expansion of its strategic focus to include the exploration, development and production of helium and other minerals contained in its recently acquired 11,000-acre oil & gas properties in the Otis/Albert Field located on the Kansas Central Uplift (the “Central Kansas Properties”). The Company has already submitted the necessary filings to effect the name change and is in process of changing its ticker symbol to OTC-QB: AMNG. The shareholders approved all matters voted upon including the proposed name change from Infinity Energy Resources, Inc. (formerly Infinity Energy Resources, Inc.) (OTC-QB: IFNY) (“AMGAS”, “Infinity” or the “Company”) an independent oil, natural gas and noble gas exploration and development company announced today the results of its recent Annual Meeting of Shareholders. 01, 2021 (GLOBE NEWSWIRE) - American Noble Gas, Inc. to focus on traditional hydrocarbons as well as helium and other minerals on its newly acquired leasehold located on the Central Kansas Up-lift. ![]()
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