IFNY Infinity Energy Resources

Since 2009 we had planned to pursue the exploration of potential oil and gas resources in the United States and in the Perlas and Tyra concession blocks offshore Nicaragua in the Caribbean Sea (the “Nicaraguan Concessions” or “Concessions”), which contain a total of approximately 1.4 million acres. We sold our wholly-owned subsidiary Infinity Oil and Gas of Texas Inc. in 2012 and its wholly-owned subsidiary, Infinity Oil and Gas of Wyoming Inc., was administratively dissolved in 2009. We have abandoned our efforts relating to the Concessions, as explained below.

Company profile

Stanton E. Ross
Fiscal year end
Industry (SIC)
Former names
IRS number

IFNY stock data


Investment data

Data from SEC filings
Securities sold
Number of investors


30 Mar 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 11.04K 11.04K 11.04K 11.04K 11.04K 11.04K
Cash burn (monthly) 20.73K (positive/no burn) 62.98K (positive/no burn) 20.73K 16.38K
Cash used (since last report) 71.64K n/a 217.64K n/a 71.64K 56.62K
Cash remaining -60.59K n/a -206.6K n/a -60.59K -45.58K
Runway (months of cash) -2.9 n/a -3.3 n/a -2.9 -2.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Aug 20 Ross Stanton E Common Stock Grant Aquire A No No 0 2,000,000 0 2,027,500
19 Aug 20 Leroy C Richie Common Stock Grant Aquire A No No 0 500,000 0 500,000
19 Aug 20 Daniel F Hutchins Common Stock Grant Aquire A No No 0 500,000 0 518,000

Financial report summary

Management Discussion
  • The Company had no revenues in either 2020 or 2019 because it focused on the acquisition of domestic oil and gas properties, resulting in its Option for the Properties on July 31, 2019.
Content analysis
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