Iofina Share Discussion Threads

[superg1] 27/11/2014 07:53

While we are on topic re QFI

My concerns as posted at the time.

MC far too high back then when it was a hot topic. I seem to recall over £300 mill.

Basic concerns were.

High MC No revenue

Can the new fuel be used in old engines if not the market is not the global figure quoted and far smaller.

Massive market with long term contracted players. Who would such tech displace re revenues and would they allow that to happen. I consider that for all shares.

EG if I invented a new phone that floors iphone and approached iphone about it, they rip my arm off and bin it. It would disrupt a huge industry and cost some billions.

I think of the oil well head blow out preventer that Mr nobody came up with. To allow that to market would have cost others in the sector 100's of millions of lost revenue.

Who is paying for the installations.


Bogg1e no doubt all the answers. I did try to have a look re engines but there were so many posts I gave up.


EDIT

Plus the reported potential is so huge it should be a bargain at multiples of the current share price

[superg1] 27/11/2014 07:28

Bocker no need to rns, an objection is not material as explained. As usual blown all out of proportion.

In any case to end the conspiracy theories, it's not from anyone this side of the pond.

[arlington chetwynd talbot] 27/11/2014 07:22

Got to say Graham, at least you didn't run away like that cowardly QFI lot.
There was a time when you nearly did though... what days, sigh.

[captain_kurt] 27/11/2014 07:15

Well if shorters are out in force, it will be an interesting day.
As we know the core iodine business is coming along nicely

[bocker01] 27/11/2014 07:13

We'll have an RNS soon to explain the water situation and tell us who the objector is. Unless a deals been done with them by then and it's withdrawn or otherwise kicked out as groundless. Most importantly as iodine is what we do, we probably have two consecutive months of record production, record derivatives business, be on course for year end guidance and expect a hardening iodine price next year.

[tim3416] 27/11/2014 07:10

Ignore who?? Lol a bit of buying yesterday...I wonder if the permit situation is as it seems??

[superg1] 27/11/2014 07:05

Heartwell if they want to serve them up cheaper all well and good.

You are just a lying crook. Jonny is sitting on his shed load of FUM at twice the SP, he has more than the rest of us put together he said. Smart guy, but he's netley of course who is Arlington who is..... it's farcical.

All the chuntering over recent months and the amount short has been dropping, you don't even invest, this is just an internet troll game to you, a knock on the door and run pest.

How interesting that the lies appear just at the time I'm most happy about the permit objection situation. lol

Surely you must have worked out long ago when we got hold of a well report that we have contacts in Montana.

Do you know what time that objection arrived and what the postmark date is ? I doubt it.

Do you know anything about it at all, not a clue.

Tim and co completely ignore him it's complete tosh.

[ridicule] 27/11/2014 00:04

bocker01 Thank you for your apology. No hard feelings at all. We are all, with the exception of Heartwell and other trolls, interested in IOF becoming a successful investment.

[engelo] 26/11/2014 23:55

Thanks Rugrat, great stuff. I am confident that IOF will benefit from continued fracking, and would also prosper if fracking stopped tomorrow due to massive amounts of contracted SWDs.

Completely insulated from all this stuff about the oil price. Confident that the US fracking industry is here for the next 24 years whatever OPEC come out with over the next 24 hours.

[arlington chetwynd talbot] 26/11/2014 22:46

QFI thread's just been done, header down, rampers all fled to a private MB.

[monts12] 26/11/2014 22:17

Can you provide any link to this Heartwell? Of course not, even TW is not stupid enough to short this at this level. Who are you trying to frighten? I imagine any weak holders are long gone by now.

More lies from Heartwell (amateur shorter and imbecile).

[woodpeckers] 26/11/2014 21:48

Lol, perhaps they need a few tips too!

[heartwell] 26/11/2014 21:44

Shorting to start tomorrow judging by postings from TW crew.

Could get nasty in the first 30 mins

[rogerbridge] 26/11/2014 21:44

Superb research RUGRAT, another concern for some now out of the way.

[woodpeckers] 26/11/2014 21:39

Girls allowed??? :-)

[superg1] 26/11/2014 21:36

If the fraccing stopped we wouldn't have the brine disruption, 48 percent of all produced water in the US is in Texas and Oklahoma. That was before the Mississippi frac boom and for decades before it. 3 million barrels of brine were going down swds before the first miss play well was drilled.

Heart cold beer being enjoyed your timing is awful. Do some research.

[che7win] 26/11/2014 21:17

Excellent post RUGRAT,
That aligns with what IOF themselves mentioned about hedging of the oil.

[woolybanana] 26/11/2014 21:08

I have just filtered Heartwell for his or her stupidity

[stevo2011] 26/11/2014 21:08

Expect more drinking, more lies and more avatars.

[heartwell] 26/11/2014 21:08

The bulls research has ended with a 90% share drop.

[heartwell] 26/11/2014 20:59

Expect more water objections, expect more production issues.
And you wonder why they have no growth plans lol

Going lower tomorrow. Next stop is 30p

[rugrat2] 26/11/2014 20:59

There was some discussion this morning about the effect of the lowering oil price on the activities of our two operators in OK, and the resultant consequences for IOF. I’ve had a look at their latest presentations to see what their intentions seem to be.

Chesapeake do seem to be on drawing back on their Miss Lime drilling a tad with the well count for 2012-13-14 being 211:163:120, although it isn’t clear whether this year’s figure is for the whole year or just up to 30/9/14. They are also hedged on the oil price to the tune of 64% of 2014Q4 oil sales at $94.22 and about 38% of 2015 total at $93.39. That’s over all their production, not just the Miss Lime, so I would say that they are probably reasonably well covered - BWTFDIK!

A couple of weeks ago Midstates issued by far their most comprehensive Analyst and Investor Presentation to date, running to 115 pages (some redacted) - dated 11/10/14 on :


They cover the subject on pages 101 and 102, and have hedged about 33% of their production through to the end of 2015 at prices between $85.51 and $90.58. Their planned rig count in the Miss Lime changes from 8 to 6 between the best and worst cases. Bear in mind that they have run between 5 and 6 rigs in the area in the last couple of years.

Changing the subject, towards the end of the presentation are three pages referring to their SWD system, one of which shows graphically their disposal capacity and expected brine production. I have amended page 108, adding a line showing their current production at around 170,000 bwpd:


Under their CURRENT development plan (without third party disposal for other operators, and further stacked play development on their own leasehold) their disposal volume is estimated to peak in 2019 at over twice the current level, entailing two more planned SWD wells in Q1 16 and Q1 17. My additional line shows that disposal volumes should not reduce below current levels for at least 15 years (in 2031). I have also added the hypothetical pink zone showing the potential effect of additions to the current field development plan in maintaining high volumes over a longer period.

MidStates are of course currently only relevant to IOF in terms of IO#2. However it’s my gut feeling that not only do they have their lease in the recognised core of the Miss Lime play (as they claim), but also in the best Iodine yielding area, and further near term developments by IOF will be based around them. Their figures add reassurance IMO that IO# plants will have a long payback period, albeit I can only guess that ppms might not be maintained as high as one might like, as volumes increase. But then that is where the mobiles come in.