Infinity Energy Resources, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 12:06 pm
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Infinity Energy Resources, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 20,828. Operating loss was USD 480,342 compared to USD 42,614 a year ago. Net loss was USD 425,326 compared to USD 66,004 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago. For the half year, sales was USD 20,828. Operating loss was USD 681,312 compared to USD 106,067 a year ago. Net loss was USD 628,950 compared to USD 150,769 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago.
American Noble Gas, Inc. is engaged in the business of exploring and developing areas that contain noble gas and rare earth mineral reserves, in addition to the exploration and development of traditional oil and gas. The Companyâs Central Kansas Uplift Properties include the production and mineral rights/leasehold for oil and gas properties, subject to overriding royalties to third parties, covering over 11,000 contiguous acres. Its properties include a horizontal producing well, horizontal saltwater injection well, conventional saltwater disposal well, and two conventional vertical producing wells, which produce oil from the Reagan Sand zone at an approximate depth of 3,600 feet. It also has an oil and gas interest in the Hugoton Gas Field, located in Haskell and Finney Counties, Kansas. It also assessed various opportunities and strategic alternatives involving the acquisition, exploration and development of oil and gas oil producing properties in the United States.
AMERICAN NOBLE GAS, INC. 
