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Thank you for sharing it here.
Just had email @ 4.30 from Companies House. INFT have filed their accounts.
Losing all our money
Why drag out and drag out and drag out and drag out and drag out and drag out and drag out and drag out l I sing all our money? Why hasn't Gerwyn got the balls /decency to come clean with us? He is old enough to have acquired a sense of same. Is he laughing at mug investors or simply laughing at supermugs?
Guess its all being carried out in secret! Lol!
Dorset Council’s strategic planning committee for march cancelled again ... planning for the oil drill seems to be a pipe dream at this stage
GW didn't opriginally hold the majority of shares.
Now that vote of "yes" to his new deal has gone through a couple or 4 years ago, you lot have basically signed away any or all profit to GW.
You invest in a company to make money and yet yyou all signed it away in that stupid rush to get relisted !!!
ha ha, when was that again ?
its been so long Ive completely forgotten.
£8000 gone ! sorry not gone, just worth about £50 going on the market cap of £10- 20,000,000
You all sold your greedy souls for a quick relist without reading the small print properly.
I won't hold my breath here waiting.
It would be nice if the cash raised had been put into COPL or covid stocks.
Personally I would go for the eaten by mice excuse ,it has a certain plausibility about it;don't you agree!
Belgarth, I'm wondering if the permits have been lost/expired/eaten by mice?
A Burgerking franchise is definitely a better idea than leaving the company in the deep freeze. .....only taken me 4 years here to realise this lol!!
Infinity Coin has a rhythm to it ! sure beats infinity to get a well drilled
Diversify?
We would all be in large profits if this company had put all our money into Bitcoin/other crypto currencies or invested into a blockchain providing company.
we agreed to give him a large percentage of the company because he held all the valuable permits and now the company is to change track! Can it be therefore that these permits are not as valuable as presented ?
If that is the case should there not be a new distribution of shares to reflect the new reality!
Or have I missed something in the interpretation.
That's all I got I'm afraid.
You never know,I saw an RNS yesterday for WCAT-Wildcat Petrol. Ltd, appointment to go into development of blockchain and so on.
If they do something, just so,we can cash in and get out....
How on earth can the focus of an oil company change from oil? Change to what? Ice cream?
Thank you both for sharing information.
Dear
Thank you for your email and apologies for the delay in our response.
The Company is still progressing towards a listing.
The listing process had been affected by the low oil prices through 2020 and, as you will be aware, continues to be affected by COVID, mainly relating to the general public's attitude towards hydrocarbons and the push for renewables. The focus of the Company is likely to change and we will keep shareholders updated as soon as we are able to. The Directors are continually working on this but it has been very difficult to move things forward.
Please be assured that the Board continues to pursue a listing to obtain liquidity for its shareholders.
Regards,
Infinity Energy Limited
The drill site is located on private land near Puddletown, Dorset. The well is targeting the
Cornbrash, Bridport Sands and Sherwood Sandstone horizons.
The Wytch Farm oil field comprises three separate oil reservoirs; the Bridport
and Sherwood Jurassic sandstone oil reservoirs and the Frome clay/limestone oil reservoir. The
Bridport Sands, lying 900m beneath the surface, was discovered in 1973. The Sherwood
Sandstone reservoir, situated at a depth of 1,600m, was discovered in 1978. The Frome Clay
reservoir, containing 7.5 million barrels of oil at a depth of 750m, was discovered later. Oil
production from Wytch Farm peaked at 110,000 barrels per day in 1997 compared to 6,000
barrels per day in 1984, however, production has gradually declined since then to 50,000
barrels per day in 2002 and to 13,000 barrels per day in 2019.
The proposed well site is also shown on this figure where it can be clearly seen that the site location sits in a fitting
position given the envisaged location of the highs of the target reservoirs, the site is also directly above the highs of the target reservoirs; the selected site forms the ideal drilling location.
infinity are pretty confident in finding oil .. just a matter of how much....
While this well will be the first that SWEL has applied for in Dorset, SWEL does not consider it
to be an exploration well due to the extensive existing information covering the area including
2D seismic and previous operators’ reports and exploration works. SWEL has also carried out
Atomic Dielectric Resonance (ADR) testing at the proposed site which has produced a virtual
exploration borehole. As a result, SWEL consider this proposal to be a pilot production well,
with brent close to 70 dollars per barrell its a good time to go into oil production.
any oil find in the dorset area has a history of excellent production rates unlike oil finds in other areas of onshore uk such as horse hill which is closer to tar rather than oil.
wytch farm at its height produced 110,000 BOD which is as good as any offshore wells
GW would have a far greater lifestyle if he can get the company relisted and drilling
this company could reach anything from 10-20 million market cap on drilling with gw holding the majority of shares
if they find even a fifth of the oil found in wytch farm down the road your looking at a 100m plus market cap
I honestly just think this was a lifestyle company in the end Ginksy and doubt we will ever see any value out of it. GW is no spring chicken either.