Today's PR is obviously aimed at counteracting the silliness started on Monday by the nonsense SA article.
" OVERLAND PARK, KS--(Marketwired - Nov 1, 2013) - Infinity Energy Resources, Inc. (OTCQB: IFNY) ("Infinity" or the "Company"), an independent oil and gas exploration and development company, reminds investors that it has scheduled a corporate update conference call for 4:15 p.m. EST on Tuesday, November 12, 2013. During the call, management plans to discuss in detail the following, with respect to its 1.4 million-acre offshore Nicaragua oil and gas concessions and other subjects of interest:
-Timing of 2-D and 3-D seismic survey.
-Amount of, and locations for, 2-D and 3-D seismic mapping activities.
-Parameters for drilling initial exploratory well.
-Prospects for listing IFNY common stock on a national stock exchange.
-Review of information contained in third quarter Form 10-Q filing."
1. How do you know Exxon and Repsol lost interest? You don't. But you state that as a fact, as if you have access to some information source not accessible to the rest of us.
2. It might well be that Exxon and Repsol are interested. However, they are highly unlikely to offer a deal on terms IFNY would find acceptable until the concession is substantially de-risked; which means we have to wait for more seismic to be done and and for the results of Noble's exploratory drilling. So it may well be that the reason no deal has yet been done is because IFNY is holding out for more advantageous terms. That theory - not yours - is highly consistent with the points Stan made in the July CC.
3. This point is addressed to several posters: You do of course know that IFNY only received EIA approval in April 2013. That means that IFNY has only been in a position to negotiate a deal since then. The BS about IFNY not doing anything with its concession for 4 years is...well...BS.
4. And I am interested in learning as much as I can about the geology of IFNY's concession, but I don't see how your posts have contributed anything useful in that regard. Instead they strike me as simple bashing trying to disguise itself with pseudo-geology mumbo-jumbo. Like your post about IFNY's concession not being particularly valuable because it lies on the shelf in shallow water. Good grief. Ever here of plate tectonics?
With seismic and drilling yet to be done, you have no basis whatsoever for asserting that "it has a less than 5% chance of being successful". The fact is that no one really knows yet, including you.
Why post things that so clearly indicate that you simply don't want IFNY to succeed, or at least that you want to encourage people to sell?
I have yet to read anything in your posts other than emotional, non-objective and uninformed anti-IFNY propaganda. But thanks for sharing your obviously biased opinion anyway.
If Noble is drilling on or near the boundary with IFNY's concession, then there must be some possibility that the resource that Noble is currently drilling into extends under IFNY's concession.
Could there be negotiations going on between Noble and IFNY?
Personally, I think Noble is - as is to be expected - not revealing everything about the results of their first well, especially what conclusions they may already be drawing about the location of that "high quality" resource in the tertiary they mentioned.
The purpose is not to "pad & protect". It is to avoid unnecessary - unnecessary - damage that might be caused by frustrated holders venting on a public cc. The information will be what it will be; emotions certainly get in the way of objectivity.
BTW, it is extraordinarily arrogant, condescending and deceptive for a poster with a history of non-objective negative posts to suggest to any other poster that they should reconsider their investment. From now on, please keep your self-serving advice to yourself.
And another thing: You have no basis whatsoever for projecting that IFNY has only a 5% chance of yielding an economically viable prospect. With seismic and drilling yet to be done, the jury is still out on what the potential is.
The cc was always was going to be about the 10-Q. I think they issued a new pr outlining what else would be discussed for the sole purpose of arresting this week's silly decline. I should be thankful for the SA article as it enabled me to pick up a bunch more under $2.20.
I certainly would not come to that conclusion. They published the results of the drilling on their concession. If they found evidence of commercial resources on IFNY's concession they certainly would not say a word about it. They would keep that to themselves.
Some nobody writes an article on Seeking Alpha setting forth the (highly flawed, IMO ) short thesis about a low volume stock. Sell a few shares short to drop the price, and watch the newbies start dumping, then short it down a little more to really shake the tree, then cover at rock bottom prices.
I bought some more in the low $2's. Perhaps I should even thank the guy. .
Very good news; so Noble has not "abandoned" the area, but instead says its results indicate that there is a high quality field.
The conference call is scheduled to coincide with the filing of the next 10Q. The filing deadline is November 14.
CC is scheduled to coincide with the filing of the next 10Q, due by November 14. Also, there is always a written PR just before a CC. So we should see a PR the morning of November 12, maybe (but doubtful) November 11.
In your last paragraph you suggest that the clown's article caused Stan to schedule a conference call. That is just silly. The next 10-Q is due by November 14. The CC is timed to coincide with the filing of the 10-Q. A few weeks ago I predicted we would get a CC around mid-November. The clown's article had nothing whatsoever to do with the CC.
BTW, it may well be that the article was intended to scare some retails into dumping so the guy - an admitted short - can cover more cheaply. After all, November will likely be a very important month for IFNY.
Sometimes the reason a poster's posts are not well received is because they are clearly nonsensical. They are not rejected because they are not in line with the long thesis, but because the reasoning is silly.
We all want solid information, whichever way it cuts. What we don't want is fiction parading around as fact.
Analysts at Citi Research said the well "will provide Noble with valuable geological information before moving on to drill deeper wells in the same general area."