Pink Sheets: Infinity Energy Resources Inc. (IFNY) news stock charts
Infinity Energy Resources Inc. (IFNY/IFNY.PK) Penny Investment Summary:
Infinity Energy Resources, Inc., through its subsidiaries, engages in the acquisition, exploration, development, and production of natural gas and oil in the United States. It has properties in the Fort Worth Basin of north central Texas; Rocky Mountain region in Wyoming and Colorado; and the Sand Wash and Piceance Basins in northwest Colorado. The company also has interest in an oil and gas exploration property offshore Nicaragua in the Caribbean Sea. As of December 31, 2007, its total proved reserves were 7.8 billion cubic feet of gas equivalent. The company was founded in 1987 and is based in Denver, Colorado.INFINITY ENERGY RESOURCES (IFNY:OTC)
Snapshot of INFINITY ENERGY RESOURCES (IFNY)
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OPEN
$2.12
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PREVIOUS CLOSE
$2.12
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DAY HIGH
$2.12
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DAY LOW
$2.10
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52 WEEK HIGH
12/28/09 - $3.30
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52 WEEK LOW
03/24/09 - $0.23
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MARKET CAP
37.9M
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AVERAGE VOLUME 10 D
41.1K
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EPS TTM
$-0.35
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SHARES OUTSTANDING
17.9M
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IFNY Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for INFINITY ENERGY RESOURCES (IFNY)
To update recent developments involving the company's oil and gas concessions offshore Nicaragua, the exposure of seismic and other technical information to prospective strategic partners via the company's data room, the status of production activities and negotiations regarding the sale of the company's Barnett Shale oil and gas properties in Texas, and other relevant topics of interest
Infinity Energy Resources Inc. announced that it has received further results from independent analyses of 2-D seismic data covering its approximately 1.4 million-acre oil and gas concessions offshore Nicaragua. The seismic data was acquired from Fugro Data Services AG, a unit of Fugro N.V. ("Fugro"), a Netherlands-based global leader in the collection and interpretation of data and the provision of advice related to the Earth's surface, the sea bed, and the soil and rocks beneath. Analysis and interpretation of the seismic data was conducted by Brazilian-based Consultoria em Geologia Geofisica e Informatica do Petroleo LTDA ("CGGIP") and its senior geological consultant, Luciano Seixas Chagas, working in concert with Thompson & Knight Global Energy Services LLC in Houston, Texas. Upon analyzing additional 2-D seismic data with enhanced interpretation techniques, and following a comprehensive review of all the seismic and well data available to date, Infinity's consultants' preliminary analysis reveals that the Nica-Tinkham Ridge, the single most important structure in the basin, traverses both of the blocks (Tyra and Perlas) in Infinity's offshore concessions and controlled the deposition of Eocene and possibly younger reef systems.
Infinity Energy Resources Inc., which has carried out analyses of 2-D seismic data, is looking for a partner to help the company in exploration. Chief Executive Officer of Infinity Energy, Stanton E. Ross said, Our next challenge is to partner with a larger company that has the resources to assist in the further exploration and development of the concessions, and we are preparing an informational presentation for use in discussing the Nicaraguan opportunity with potential strategic and/or financial partners. We currently expect to open a 'data room' in early January that will allow qualified prospective partners to review the seismic and other information that has been collected and analyzed, to date.
Infinity Energy Resources Inc. financial resources
IFNY Competitors
| Company | Last | Change |
| Abraxas Petroleum Corp | $2.11 USD | +0.02 |
| Cubic Energy Inc | $1.14 USD | -0.06 |
| GMX Resources Inc | $9.84 USD | +0.06 |
| Northern Oil and Gas Inc | $13.29 USD | +0.34 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | IFNY | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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IFNY |
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IFNY transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
Pink Sheets: More Recent Financial News About Infinity Energy Resources Inc.
Infinity Energy Resources to Host Investor Conference Call on Thursday, March 11, 2010
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Further Interpretation of Seismic Data Expands Estimates For Potential Oil Contained in Infinity Energy Resources' Offshore Nicaraguan Concessions
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Stock Watch: InvestorSoup.com Issues Market Alert for Infinity Energy Resources Inc.
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Independent Analysis of Seismic Data Suggests Infinity Energy Resources Offshore Nicaraguan Concessions Potentially Contain Over Three Billion Barrels of Oil in Eocene Zones
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Infinity Energy Resources Opens Data Room for its Offshore Nicaraguan Exploration and Development Projects
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Infinity Energy Resources Opens Data Room for its Offshore Nicaraguan Exploration and Development Projects
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Further Interpretation of Seismic Data Expands Estimates For Potential Oil Contained in Infinity Energy Resources' Offshore Nicaraguan Concessions
Read article
Stock Watch: InvestorSoup.com Issues Market Alert for Infinity Energy Resources Inc.
Read article
Independent Analysis of Seismic Data Suggests Infinity Energy Resources Offshore Nicaraguan Concessions Potentially Contain Over Three Billion Barrels of Oil in Eocene Zones
Read article
INFINITY ENERGY RESOURCES, INC Files SEC form 8-K, Change in Directors or Principal Officers
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INFINITY ENERGY RESOURCES, INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct F
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INFINITY ENERGY RESOURCES, INC Files SEC form 8-K, Results of Operations and Financial Condition
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INFINITY ENERGY RESOURCES, INC Files SEC form 10-Q, Quarterly Report
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Infinity Energy Resources Announces Agreement to Acquire Seismic Data on Offshore Nicaragua Concessions
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Infinity Energy Resources Announces Resumption of Production at Barnett Shale Wells in Texas
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INFINITY ENERGY RESOURCES, INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements a
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