Iofina Share Discussion Threads

[arlington chetwynd talbot] 15/10/2014 14:49

Yeah che, I was going to let you hang yourself... but Stoke is right you know? There are IOF readers/holders in TUNG atm.

[arlington chetwynd talbot] 15/10/2014 14:47

Quite right Stoke, let's all buy some of these, we know Banksy will buy everything at 45 now (used to be 50 - deflation).

lol (the above is not financial advice, and as we saw at 50p to 20p, Banksy was unable/unwilling to stop that little crash)

[che7win] 15/10/2014 14:46

Pw,
Neither do I.

[pwcarnall] 15/10/2014 14:43

Don't like to see any p.i losing cash che7.Even Netley.Looks as though he might be on the verge of imploding.

[che7win] 15/10/2014 13:38

TUNG down 5%, IOF up 3%, you following this ACT?

Clearly, you're going wrong with your bear argument somewhere, the rot all started with your heartwell avatar saying cash was falling when its building.

No one listening to Bears, we've had our fall, iodine been hit hard yet we are moving into profitability.

Water business formed, something leaking, nice pun, ha :-)

[sweetnodude] 15/10/2014 13:11

Okay superpedantic1, they know exactly where it is going...

[magwich] 15/10/2014 13:07

Some nice blue movement now!!

[superg1] 15/10/2014 13:03

Going nowhere? There must be a hole in the system somewhere then as midstates have 160,000 barrels per day going nowhere.

[che7win] 15/10/2014 12:37

IOF holding up rather well.

E.g. TUNG now down below 300p, still valued at £320m.

Good to see the froth coming off the markets, they were too high.

[freshvoice] 15/10/2014 12:27

Nutters woken up early today. Must be day to collect his Giro.

[arlington chetwynd talbot] 15/10/2014 12:22

Thanks Banks, now let it slide.

[sweetnodude] 15/10/2014 11:48

cyberbub 15 Oct'14 - 09:42 - 26009 of 26012

A SWD has up to 3 layers of casing so the water is going nowhere!

[cyberbub] 15/10/2014 10:24

But is it all/most still in the SWDs?

[superg1] 15/10/2014 10:07

Cyber

1.2 billion barrels of brine was actively being pumped down wells in 2007, the figure should have grown due to the recent boom.

They now run a conference for the Miss boom (as below)you can see who was there.

The water cut from wells in Oklahoma are the highest in the US, in some wells the water cut is 10 times the oil.

hxxp://www.mississippi-lime-produced-water-2013.com/2/testimonials/

[cyberbub] 15/10/2014 09:42

So just to clarify superg, all of those 1.2bn barrels of briny water are still lying there in SWDs? Would they not relatively quickly percolate out?

[superg1] 15/10/2014 09:30

I keep getting the odd question re oil prices and the like and how it affects things.

The first point is oil exploration in OK is low in comparison to others that's why an oil boom is in play.

However it is irrelevant. Oil prices if they ever do go to levels or 30 to 40 pb doesn't mean exiting producing wells are shut off, it just slows up exploration.

Noli and I forecast this Mississippi Lime play boom before it was apparent because it was clear good results on oil wells were appearing.

The MAIN POINT by far, is that dozens (over 100 mentioned) of viable iodine production sites existed before the Miss play frack boom started.

To put an official figure on it and pre any frack boom here is the data.

2007

'The majority of produced water in Oklahoma was managed via injection in 2007.
Injection occurred at 2,584 active disposal wells, which managed 1,201,680,455 bbl of produced water.'

So back in 2007 there were 2,584 SWD sites. IOF are at just 6.

Back then 1.2 billion barrels of produced water was going down wells each year.

All the frack boom has done, is disrupt brine flows while they do completions, but then each completion adds to the amount of produced water.

EG the io2 SWD went from 18,700 to 51,000 following completions.

So currently there are more SWDs and a lot more brine in OK. If the frack boom slows up, fab, as the disruption reduces.

The Miss boom is interesting as it will be continually introducing new high iodine concentration sites.

Clearly commercial iodine resources have been found on 82,000 acres as IOF wouldn't take the brine leases otherwise.

They have 1000's of brine samples from wells and that's what they have used to target which leases they want.

So in that paragraph you can see that 1.2 billion barrels that I have mentioned before and it's the figure IOF put in a presentation. So they were talking about Oklahoma only when they mentioned 19000 mt of iodine going down SWDs.

[arlington chetwynd talbot] 15/10/2014 01:11

Yeah but if Banksy backs off for a bit, this will drop in line with markets and you can all top-up in the 30's, maybe even 20's again. He's basically keeping it at 45, anti-market imho. Neither use nor ornament MELLY, coz it ain't going up.

[freshvoicem] 14/10/2014 23:15

Roger
Don't encourage the drunken old idiot, filter is better.

[arlington chetwynd talbot] 14/10/2014 22:08

Do my eyes & memory deceive me? Wsn't engelo a blue yesterday? Times are hard here eh?

Hey Banksy, why don't you tell your brokers to back off buying here for a week or two bud... let it find it's natural range.

[superg1] 14/10/2014 21:10

Cross

I was working off the 500mt comment re low 20's.

As other plants are introduced with higher ppm then costs will come down as you state. EG io2 is clearly under 20 as stated by the CEO. I was referring to the 6 running nicely ticking over post all the tweaking sorted. 500mt is well within the capacity of the plants and I recall hearing somewhere 40mt per month hits the low 20's but can be dependent on which plants are contributing to that figure.

When we talk of pods, it there is excess at io2 which would amount to the need for a pod I anticipate they would put on there. At one point they talked of 51k bpd going to io2, which leaves 20k plus bpd to play with if that situation is to become the norm.

io2 is with Midstates. Midstates in recent times quoted 160k bpd going to 6 SWDs giving a current average of 26,600bpd per SWD.

Current capacity for the 6 Midstates SWDs 345,000 bpd with an estimate of around 750 further drilling opportunities.

[arlington chetwynd talbot] 14/10/2014 20:20

Hey che, be my guest, go onto TUNG and state your case. This is for IOF.