Iofina Share Discussion Threads

[mr paul b] 17/12/2014 16:38

A bit more volume today than usual , and fair few buys at the end of the day .managed a small top up at 29.5p..

[joeblogg2] 17/12/2014 16:23

would be nice if the objections are dismissed and we get permit awarded before EOY.

[superg1] 17/12/2014 16:00

Just for the record it's all available via the web if you know where to look.

[che7win] 17/12/2014 15:45

Oil price showing a bit of a strength last half hour...

[superg1] 17/12/2014 15:23

Except under your other names on the thread I filtered out many moons ago of course.

You are not N3 or ACT, of that I am absolutely sure.

[sancler] 17/12/2014 15:11

superg1: re 28088

You appear to have the advantage on me. You are able to say who is listed on the objection.

All I have seen with respect to the objection is the file ob1.pdf to which a link was posted. That does not state by whom the objection was made. It says "I" but it does not say who "I" is.

I assumed that the objector was James D Carlisle and that his age was 71. And then I saw a publicly available document apparently referring to the James D Carlisle connected with the Culbertson Water Depot with an age which didn't match. I wasn't looking for anything positive or negative. I was just checking things before seeking to answer alphacharlie's unanswered question.

Given your interest in trying to pick holes in this objection, I thought it something you might want to follow up.

Still, as I am so obviously an idiot and unwelcome here (even though I am not Macca) I will resist any further impulse to post.

[superg1] 17/12/2014 15:01

Just checked it's dropped just below 1 million so the fund manager post is probably the reason.

The winners list post said it all. No one other than macca would do that.

[stevo2011] 17/12/2014 15:00

AgreedI had a look on the FCA updated daily fund short tracker last night and IOF aren't on it.makes a change from last year with Ennismore which was at 2% at one point

[jbe81] 17/12/2014 15:00

The most relevant factor in how the share price performs short term is how many shares Mr B decides to buy..

[superg1] 17/12/2014 14:56

Stevo

When it hit the 20's last time I was told a fund manager took a chunk short. If I was to guess it's probably about trying to keep the price down and triggering margins to close it.

Last time I looked the short chart was about 1 million shares, and it had been trickling down very slightly.

I'll see if I can find it to check now.

[superg1] 17/12/2014 14:52

Absolutely nuts to bet heavily on a short at these prices. If it dipped then many times more shares can be bought compared to the amount a month or two back.

You'd also be mad to bet that the permit won't be awarded.

It has to be facts and it has to be solid evidence. He has not provided either, and even if he did have facts and evidence it doesn't stop anything.

IOF would have to show it's not speculation re selling water. They are with Halliburton who are by far the biggest service provider in the Bakken, Halliburton would probably be at any hearing.

Last time around IOF used past Letters of intent in other applications to show that permits have been awarded before.

What IOF didn't know last time was that most of those LOIs seem to be false and intentionally misleading. They do now, and they like it.

[superg1] 17/12/2014 14:45

I wouldn't bother he'll think it's about a new boiler or loft insulation, as that is the only time his phone rings I suspect.

I hear he is Mr unpopular, which probably explains his rants and misrepresentations.

[stevo2011] 17/12/2014 14:44

It's def maca - he has been posting daily on the other thread from occasional - me thinks he has bet heavily that IOF won't be awarded the permit and is doing his "best " to influence others with his obsession of correcting posts on here of which some are very misleading posts .

[brileyloucan] 17/12/2014 14:30

You can call Jim Carlisle on 406 787 5203 or 406 480 4870

[sancler] 17/12/2014 14:28

Yes

Which is why it gave me pause for thought when I found the only James D Carlisle listed for Culbertson MT, and with the number for "our" James D Carlisle, in the WhitePages as in the age range 45-49.

But further digging suggests that the age in the WhitePages is wrong.

[superg1] 17/12/2014 14:19

Sancler ???

Re Carlisle, I thought his comment about being a Montana citizen for 71 years, as in the objection, gave a clue re his age.

'My standing in this matter is predicated upon being a citizen of the State of Montana for 71 years'

[superg1] 17/12/2014 14:17

KAT

In Oklahoma they have little fresh water and the highest amount of produced water in the US. So in Oklahoma they have enough brine coming up to reuse for fracking and it's obviously at a chemical mix that makes it viable. They do add some fresh water to it.

When they need water to frack they tap into the brine going to SWDs and that is what disrupts flows to plants. If fracking stopped then all brine would go to SWDs.

The maintenance water is about North Dakota and water use. In the Bakken the produced water is very high in salt, many times that of seawater. The salt builds up in the well and hinders production, so they flush the wells each day to clear it with what they call maintenance water.

Here is a comment to cover maintenance water and the bakken. You can see where the figures came from so I take those as the most accurate available.

'So while the water first pumped down the hole to crack rock formations and release the underground oil and natural gas typically totals 2 million gallons (7.5 million liters) per well, each of North Dakota's wells is daily drinking down an average of more than 600 gallons (2,300 liters) in maintenance water, according to recent calculations by North Dakota's Department of Mineral Resources.


For slick water methods they use 4 million to 8 million gallons

And for those looking for the life of a well in the area, in the same report it says:

'Over the life of the well, which authorities presume will be 30 to 40 years, maintenance water needs could add up to 6.6 million to 8.8 million gallons (25 to 33.3 million liters)—or more than three to four times the water required for the initial fracking'


We haven't even started the reworking of wells potential yet as the boom hasn't been running that long. The amount of water needed for maintenance water and just reworking will be many times that currently used.

[sancler] 17/12/2014 13:31

alphacharlie

Good luck with your research.

I'm now less confident about the ages shown on WhitePages. Another source is now showing a James D Carlisle in Culbertson as aged 71. But I can't get further on that without going through a pay-wall and I'm not sufficiently interested to do that.

[alphacharlie] 17/12/2014 13:04

Sancler - Just a quick reply. Firstly, thank you for your response and the information. Your description of a scan of a photo rings bells but my visual memory is that it was in colour. I had hoped maca would be able to help but alas he’s not replied to me on the other thread. He may not know, of course. None of what I asked for is too important, I was just trying to fill in gaps but thanks again for your efforts.

Also, I’ve had one email response overnight which I was in my inbox this morning, best described as an invitation to chat – hope I haven’t stumbled across Culbertson’s Lonely Hearts Club. I’ll reply this evening and also take a look at the page ref you have supplied.

[kattatogaru] 17/12/2014 12:30

Superg, re your comment "Months ago some were complaining about the fracking disrupting iodine production, now the oil price has dropped the same folk panic about lack of fracking." - I for one had not fully appreciated the distinction between the initial fracturing and ongoing water injection. TBH it does not jump out from non-technical reviews of the technology. Is it correct that the disruption to IOF's brine came from an intense period of fracking, but that brine from ordinary well maintenance and oil recovery is much more steady in quality and flow?

[awolagain] 17/12/2014 12:26

SG

Sack them both and move on until we find some that understand our industry and will work for us....not against us.

Numis have not said a word for as long as I can remember. Great stuff...!

[kattatogaru] 17/12/2014 12:18

Thanks Che for the valuable corrections on the lifespan of fracking wells, I was not well informed. Indeed it seems you're correct i.e. wells drilled to date will continue to produce brine so long as oil profit > opex since the drilling capex is a sunk cost.

Incidentally if water volumes do increase dramatically, the problem of produced water disposal will become more and more severe - contaminated as it is with radioactive elements, heavy metals and other nasties. I guess there is an opportunity there for someone in the water treatment business. Regardless of the economic performance of IOF (which is the reason that most of us come here), it's a sobering thought to imagine the scale of the clean-up that is necessary for these billions of gallons of water.

[superg1] 17/12/2014 12:16

Oh yes

Never mind the PR company what are Numis doing? Not a lot it seems.

If you speak to any CEO on the AIM all brokers ever seem to be interested in is fund raising. All we have had from Numis so far is one major balls up and nothing else.

I don't think most folks realise how much information nomads remove from news, or in fact block news altogether.

I've had the conversations with the IOF team.

"Why didn't you include X in the news".

"We did but the nomad took it out"

"Why didn't you update the market when Y happened"

"We wanted to and supplied a report but the nomad blocked it"

Nomads and brokers have one thing in mind and it's never private investors.

Like Mr Big says watch and see where we are when the full time whistle goes. We know how they operate, but there is nothing we can do about it.

[che7win] 17/12/2014 12:13

Oil is manipulated for political reasons.