American Noble Gas : Statement of Changes in Beneficial Ownership (Form 4)
May 20, 2022 at 11:35 pm IST
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Ownership Submission
FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(1)
On May 19, 2022 the Reporting Person was granted 100,000 shares of restricted common stock by the Board of Directors for his continued service. Such shares vest at a rate of 25,000 per calendar quarter through March 31, 2023, contingent upon the Reporting Person's continued service at such points in time.
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Infinity Energy Resources Inc. published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 18:04:11 UTC.
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.