Infinity Eng. Share Discussion Threads

[encarter] 06/6/2017 16:54

Tory manifesto allow drilling of wells without planning permission including some fracking. I will fill my boots friday if they get in.

[phil1969] 06/6/2017 13:40

That maybe what's holding any announcements up. I suppose if the Welsh assets are the target of the takeover, there's no point in announcing whilst the value of the asset is dependant on the outcome of the election. I expect a flurry of RNSs next week if fracking friendly tories get in.

[encarter] 06/6/2017 12:03

Corbyn takes over

[phil1969] 06/6/2017 11:06

Whats happening Friday?

[encarter] 06/6/2017 08:50

Im waiting to see what happens on friday before i buy anything

[barnetpeter] 05/6/2017 12:06

Good price to buy today....adding myself. They have 5 months to do a deal and loads of cash. Buy them at below 12 and sell above 15 has been a winner every time.

[encarter] 05/6/2017 08:58

Unless they cant find an investment and get suspended.

[noirua] 05/6/2017 08:48

Usually pays to buy INFT around 0.12p a share. News due in the next four months of an asset buy or reverse takeover.

[noirua] 25/5/2017 00:26

At a board meeting of the Company held on 12 April 2017, it was decided that the Company should cease its investment activities and instead to focus on completing a suitable reverse takeover transaction as soon as possible.
In particular, the Company is investigating a number of potential reverse takeover candidates in the oil and gas sector.
As a consequence of this Board decision, the Company has now become an AIM Rule 15 cash shell, which means that the Company must make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules by 12 October 2017, otherwise the trading of the Company’s shares on AIM will be suspended.
If the Company has not made an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules within six months of such suspension, the admission of the Company’s shares to trading on AIM will be cancelled.

Within six months of becoming an AIM Rule 15 cash shell, the AIM company must make an acquisition or acquisitions which constitutes a reverse takeover under rule 14.
For the purposes of this rule only, becoming an investing company pursuant to rule 8 (including the associated raising of funds as specified in rule 8) will be treated as a reverse takeover and the provisions of rule 14 will apply including the requirement to publish an admission document.

[phil1969] 24/5/2017 13:46

Interesting summary from LSE after today's RNSAs far as I can tell from all the reports and RNSs and also the INfT website, Gerwyn has been acting and titled CEO along side Bruce. It would make perfect sense for GW to be CEO giving him ultimate control of his own assets if they were to be dropped into INFT. It's slowly falling into place. GW joins board as joint CEO and engineers himself a 26% holding of INfT by converting £480,000 loans to equity. Try to use INFT as investment vehicle but it's soon obvious (especially when you look at the recent Third Energy valuation) that Gerwyn's assets are too big to 'invest' in via INfT. The regulators would force suspension if they tried to invest in something that big as it would constitute a reverse takeover. So they announce they are to become a cash shell instead of investment company and the £1m raised to be used to fund an RTO acquisition. It's much better to have full control over your RTO and plan it properly rather than have the regulators force it on you at short notice. Joint CEO leaves business leaving Gerwyn in full control. If this doesn't scream of Gerwyn reversing his assets into INfT, I don't know what does!!! Already owning 26% of INfT he will make sure shareholders won't be ripped off and will get their fair share of the enlarged company. You have to be in to win with these cash shells, normally you haven't a clue what the acquisition will be. Out suspensions could be wrong on this one but all the signs point to Wales coming aboard INFT. And the last 3 trading days says somebody with real money, suspects the same.

[oilbuy] 23/5/2017 13:40

Breakout from tight bollingers

[phil1969] 23/5/2017 13:09

Can sell 8,000,000 in one go without NT at 0.153 when bid showing 0.15There is some serious demand in the background but whoever wants them doesn't want to trigger a bidding war so is carefully working the order behind the scenes rather than take them off the Offer/Ask. I feel the 6m delayed buy earlier will be the first of many reported over the next few days. All the T trades are out of the way from April. It's time to shake things up a bit!!!

[noirua] 23/5/2017 12:49

Some reasonable sized buys appear to be pushing the stock price. Some may have a greater knowledge insight here and feel they know the next move better than the majority.

[euclid5] 23/5/2017 11:21

Interesting, either we are sitting on a huge under valuation on inft on 12.8 TCF or Third Energy is being over valued at £500m with 30 BCF

[phil1969] 22/5/2017 12:03

EUCLID5

Taken from an article when Eden Energy announced the sale of their share of Welsh licences for just £10m back in 2013 when looked like they would never get the opportunity to frack it.

The estimated coal seam gas in Eden Energy’s 10 PEDLS in South Wales is 980 billion cubic feet of gas.

Coastal Oil and Gas Ltd director Gerwyn Williams said he had no plans to sell his share of the licences.

In June 2011, Eden Energy commissioned US consultants RPS Group to investigate the potential shale gas reserves in the numurian measures of about 800sq km beneath Wales.

RPS Group found the region could hold 34 trillion cubic feet of gas, of which 12.8 trillion cubic feet is classified as recoverable.

www.walesonline.co.uk/news/wales-news/australian-firm-sells-welsh-shale-4026644

How does this compare with the Yorkshire gas fields, we are being told that 14% has so far been recovered, and quote thats a total of 30billion cubic feet.

Now Fracking has been given the go ahead they feel they can recover up to 50% of the gas in place. so if 30billion is 14%, the quoted 50% must come out at 107billion cubic feet of recoverable gas. I'm sure there must be more, will keep digging because this looks pitiful compared to Wales.

Compare that with the 980bn of recoverable in just a few of the welsh licences.
12.8 Trillion if you take other licences into account.

[euclid5] 22/5/2017 11:03

Phil, do you know Thurd Energy's gas reserve figures?

Would be good to calculate a simple valauation on Inft's in comparison - but so far they don't mention it on Third Energy's website about the GIIP reserves

[phil1969] 22/5/2017 08:19

apps 940 postsIWe all have to be realistic but a £2.5m Mcap was very unrealistic. When you look at recent valuations on other firms with no assets, just aspirations ie echo at £50m, it just seems ludicrous for INFT to languish at £2.5m for long. Something had to help with sentiment and rerate to a realistic Mcap given its prospects, the conservative manifesto pledging support for UK fracking and Lazards valuation for Yorkshire gas exploration at £500m has hopefully opened some investors eyes.

[phil1969] 21/5/2017 19:47

CityAM has reported the Third Energy £500m float story.

hxxp://www.cityam.com/265099/fracking-firm-third-energy-eyes-500m-listing-after-tory

INFTs share in whatever GW is going to reverse into it has to be worth 10-20 times more than the £2.5m it's currently values at now Lazard and Barclays have put a value on a similar UK onshore gas play.

We just need GW to let the city know he's reversing his Welsh assets into INFT and game on!!!!

His £500,000 investment to buy 26% of INFT will prove to be a very wise one.

[phil1969] 21/5/2017 13:18

By my calculations and estimates of gas in place which has been widely reported on GWs assets. There is no reason if GW bundled his assets into one stock market reverse i.e. INFT, this could easily command a similar valuation to Third Energy's float. If they are to raise £250m in a £500m float. Existing shareholders and owners of these permits are set for their own personal windfall of over £200m with new investors taking the additional £250m raised. Now that puts some perspective and numbers on a real valuation of INFT if similar was to happen here and with GW holding 26% of INfT it's in his best interests to ensure existing share holders get a fair slice. So let's be pessimistic and assume GWs assets are only worth 20% of Third Energy's. You're still staring at a £100m valuation with £50m being held by existing investors and £50m going to the new investors. That's still 20 times current share price for existing holders. Looking at the gas estimated to be in place and the number of approved permits GW is sitting on, Lazards valuation and Theresa Mays pledge to spark a British fracking revolution could easily put a £250m valuation on GWs gas in wales. A more positive example but giving a greater share to new investors. £250m valuation, £150m raised to new investors. Still leaves £100m for existing shareholders. GW gets a £26m windfall and INFT shareholders sees 40 bagger from here. Happy days. I'm already balls deep but I'm going to be loading up if share price doesn't go stupid tomorrow!!

[phil1969] 21/5/2017 12:34

£500m!!!! Blows my theory of £40m max out of the water. Time to do some research.

[xcap] 21/5/2017 08:56

In the Sunday times today Yorkshire fracker plots £500m float."Third energy is hoping to raise as much as £250m to extract a huge deposit of gas.....,...it will begin fracking tests later this year."So Lazards are valuing this explorer at £500m and they haven't started drillingAnd inft could be sitting on an equally large deposit with a mcap of £2.4mBe interesting to see how the market reacts to this news and if inft issue an rns noting this news

[euclid5] 19/5/2017 10:44

Good post Phil

[phil1969] 19/5/2017 06:50

Typical RTOA typical RTO when reversing an O&G asset/limited company into a PLC to gain access to funds results in exiting shareholders holding anywhere between 30-60% of the enlarged capital of the new business. It can be less but 30-60 is typical. So what does that mean to INFT existing holders? It depends on valuation of new business. And how much new paper is created. Looking at various new IPOs and Takeovers over the last couple of years in the O&G sector where its mainly an exploration business being created with reasonable prospects, valuations varies wildly from £3m to £40m (Echo Energy). So worst case scenario 30%-60% of £3m sees existing INFT holders losing over 50% of current share value or just breaking even. Or at the other end of the scale 30-60% of £40m would give 0.67p to 1.34p (5 to 10 bag from current levels) Echo has commanded a top valuation mainly down to the expectations of the boardAfter many months of speculation Echo still doesn't really have any more then Gerwyn could reverse into INFT. So is an Echo valuation possible for INFT?? it's not impossible. I'm continuing to hold over 60m through to conclusion. Gerwyn's assets and reputation could easily command top dollar Mcap.

[113mike] 17/5/2017 12:22

Topped up again this morning.

[tracy_moore] 17/5/2017 11:02

You seem to spend a lot of time on several bbs' with the same doom. Is this a fetish or a hang up lol.