Infinity Energy : Interim Statement 2016

Infinity Energy S.A.

("Infinity Energy" or the "Company")

Unaudited Interim Results for the six months ended 30 June 2016

Infinity Energy (AIM: INFT) today reports its unaudited interim results for the six months ended 30 June 2016.

Interim Highlights:

• The Company received interest income of £3k (2015: £3k).

• Staff costs amounted to £24k (2015: £18k) and related solely to Directors fees. Directors' fees have been accrued and are shown in the balance sheet under 'Provisions for other liabilities and charges'.

• Administrative costs for the period amounted to £69k (2015: £40k) and reflect continued stringent cost management.

• The total loss for the period was £102k (2015: £65k).

Key Developments during the Interim Period:

During the period the Board has worked hard to minimise costs while it continues to explore investment opportunities in line with its strategy.

Post Balance Sheet Events:

It is envisaged that the Company will raise funding in Quarter 4 2016 to provide additional capital to pursue its Investing Policy.

For further information: Infinity Energy S.A.

Gerwyn Williams Tel: [phone]

Bruce Vandenberg CEO Tel: + 44 7899 791 726

Nomad Cairn Financial Advisers LLP

Sandy Jamieson/James Caithie Tel: + 44 207 148 7900

Broker W H Ireland

Paul Shackleton/Nick Prowting Tel: [phone]

STATEMENT OF COMPREHENSIVE INCOME

(Expressed in GBP (£))	Notes	unaudited six month period to 30/06/2016	unaudited six month period to 30/06/2015	audited year ended 31/12/2015
Income
Interest	4	2,878	2,618	5,218
Total Net Income	2,878	2,618	5,218
Expenses
Staff costs	4	(24,000)	(18,000)	(43,000)
Administrative expenses	4	(69,444)	(40,191)	(129,360)
Interest and financial charges	4	(11,500)	(9,629)	(19,550)
Total Operating Expenses	(104,944)	(67,820)	(191,910)
Loss before taxation	(102,066)	(65,202)	(186,692)
Income tax	-	-	(2,366)
Total comprehensive loss	(102,066)	(65,202)	(189,058)
Basic loss per share	5	(0.0002)	(0.0002)	(0.0005)

STATEMENT OF FINANCIAL POSTION

(Expressed in GBP (£)) ASSETS Non-current assets Financial assets at fair value through profit	Notes 4	unaudited unaudited audited 30/06/2016 30/06/2015 31/12/2015 205,432 199,954 202,554
and loss
Total non-current assets	205,432 199,954 202,554
Current assets Cash and cash equivalent	8,405 129,555 38,554
Total current assets	8,405 129,555 38,554
Total assets	213,837 329,509 241,108
EQUITY AND LIABILITIES Capital and reserves Share capital	486,719 486,719 486,719
Share premium	182,483 182,483 182,483
Accumulated losses	(1,018,376) (792,454) (916,310)
Shareholders' equity	(349,174) (123,252) (247,108)
Current liabilities Trade and other payables	4	57,011 67,761 78,216
Provisions for other liabilities and charges	134,000 85,000 110,000
Total current liabilities	191,011 152,761 188,216
Non-current liabilities Convertible loan	6	372,000 300,000 300,000
Total equity and liabilities	213,837 329,509 241,108

STATEMENT OF CASH FLOWS

(Expressed in GBP (£)) unaudited

six month period to 30/06/2016

unaudited six month period to 30/06/2015

audited year ended 31/12/2015

OPERATING ACTIVITIES

Purchase of financial assets and settlement of financial liabilities

Notes

- - -

Proceed from sale of financial assets - - - Operating expenses paid (102,149) (47,831) (138,832) Net cash flows applied to operations (102,149) (47,831) (138,832)

FINANCING ACTIVITIES

Funds raised through issuance of shares - - - Funds received via convertible loan 72,000 - - Net cash inflows from financing activities 72,000 - -

(Decrease) / increase in cash equivalents	&	cash	(30,149)	(47,831)	(138,832)
Cash and cash equivalents: - balance at beginning of the period	38,554	177,386	177,386

- balance at end of the period 8,405 129,555 38,554

(Decrease) / increase in cash & cash equivalents (30,149) (47,831) (138,832)

Cash and cash equivalents are represented by:

Cash at bank and in hand 8,405 129,555 38,554