Welcome to Infinity Oil Exploration

In addition to this Bluell activity Infinity Oil has received a proposal from the operator of the field to drill a Bakken Formation well. This well is proposed to be drilled to a vertical depth of 11,335 feet, plugged back and then drilled horizontally for 4,800 feet in the middle Bakken zone. The Bakken zone is planned to be stimulated using state-of-the-art technology which will include external casing packers such that the well is stimulated along its entire horizontal length. Infinity Oil Exploration has 50% equity in the well and is looking to reduce this equity by way of farmout where it would retain 31.25% equity in the well. Samson’s participation in this well will depend on the successful marketing of this property which is now underway.

Infinity Oil Exploration announced that the company’s geological team recently completed the processing of seven seismic lines (totaling over fifty two kilometers) acquired last winter and also the reprocessing of an additional ten seismic lines (of over one hundred and ten kilometers) in two prospective areas.

Infinity Oil Exploration advises that it has issued to an officer a five-year option to purchase 2,000,000 ordinary shares at a price of A$0.25 per share. The option vests as follows: 600,000 as of the grant date, 600,000 after twelve months of service and 800,000 after twenty-four months of service. The option was granted in connection with the commencement of the officer's employment on April 1.

Infinity Oil&Gas currently produces around 100 BOPD (gross) from a horizontal well placed in the Bluell Formation of the North Harstad oil field which is located in the central part of the Williston Basin. This well has been on production for 15 months and has demonstrated the productive capacity of this formation such that development wells adjacent to this location are being planned.