Infinity Energy S.A. has identified a reverse takeover candidate and has announced that it is currently seeking a listing on the Standard Segment of the Main Market of the London Stock Exchange. The Company is in the process of acquiring a substantial percentage of Transgas Limited as part of a farm-in agreement and listing.

The future of Infinity Energy SA is therefore as a European oil and gas operating company, making acquisitions of companies and/or licences in that sector and related sectors to operate and produce hydrocarbons. The Board is acutely aware of the high level of operating costs onshore in the UK and is working on systems to control and minimise that cost basis while lowering exploration risk and retaining the highest safety and environmental standards. The general philosophy being that smaller scale, lower cost, more efficient well sites will operate in a far more economic manner than very high cost wells developed using typical offshore mentality that has commonly been adopted onshore in the UK to date.