Iofina Share Discussion Threads

[rogerbridge] 22/12/2014 08:12

This rns de-risks the operation for those who were unsure about how the reduction in oil price would affect iodine production and that IOF will meet year end forecasts.
Water permit is nailed on by the look of it.
Excellent news.

[superg1] 22/12/2014 08:11

Some good news in there they must have done over 100mt for the quarter.


Water permit.

Looks good, 2 entirely rejected and only one part of another deemed valid. That will be Culbertson and beneficial use.

The stand out line for me was:

'the objector must prove that the permit was preliminary granted in error.'


I thought IOF would have to prove their point.

As you know the points the Culbertson guy raises are in some cases not true, and it was going to be easy to challenge him. He is the one that has to prove things and he has no chance imo.

[calmar1992] 22/12/2014 08:00

One of the reasons the price is so suppressed is due to the lack im of credibility imo, of management due to the previous targets missed. They have just stated that, 9 days before year end, that they are in target with production. If they hit the target then I see a large chunk of credibility to return. If they want institutions to buy in again then it's a big 9 days ahead.

[1madmarky] 22/12/2014 07:51

Yep, happy that things continue to progress in the direction the company previous stated. Consistency that's what we need.

[captain_kurt] 22/12/2014 07:44

All the points the bears would have us believe where false :@)

[bobsworth] 22/12/2014 07:42

A very reassuring RNS!

Key Points:

- The Company does not expect any material impact of lowered oil prices to iodine production at existing plants.
- This objection has low risk to the Atlantis Water project.
- Japanese Patent Office (JPO) has officially issued the Patent to Iofina.
- Crystalline iodine production remains on track to meet year end forecasts of 325-350 MT in 2014.

[che7win] 22/12/2014 07:39

Excellent update, it specifically reiterates all we have been saying here that lower oil prices won't make any difference to our brine supply.

In addition, they continue to make efficiency improvements which bodes well for next year.

Resuming the compensation to board members shows that we are out of the turnaround period and on our way.


Finally one other thing from Indmin to add to today's excellent update:

"Iodine price decline rumblings not reflected by wider market

Market insiders in Chile said that total iodine output has declined, with one source saying that some companies are “in a real mess” regarding their legal rights to continue extracting iodine in the country."

[hurricane.] 22/12/2014 07:38

With the overhang now cleared, this could bounce quickly back to 40p.

[arlington chetwynd talbot] 22/12/2014 07:37

"Fall way overdone on this update."

We'll see about that.

[owenga] 22/12/2014 07:35

Very pleasing update. Moving ahead with water plans as though water objection will go nowhere. It's down to objector to prove objection and water permit should not have been given. It's not up to iof to prove it should keep permit. That skews burden of proof to objector, so very confident it won't be overturned.

[hurricane.] 22/12/2014 07:28

Fall way overdone on this update.

Commenting on today's update, President and CEO Dr. Tom Becker stated: "I am pleased to report another productive month at Iofina, particularly with regards to iodine production, plant improvements and the Japanese patent. We look towards 2015 with optimism as we continue to work on our strategic review, budgeting and production plans for 2015 and beyond."

[hew] 22/12/2014 07:28

"Steady as she goes". That's the sort of reassurance we need. A few more RNS saying "on plan" and we might relax a little.

[rhwillcoll] 22/12/2014 07:23

I am very happy with this RNS update. Everything on track.

[captain_kurt] 22/12/2014 07:21

Lol, only afew weeks ago the bears where saying another production warning and brine will be affected by the oil drop. Water moves ahead regardless of the old mans objection :@)

[stevo2011] 22/12/2014 07:19

Net it's an update - you twist everything to suit " your " agenda

[stevo2011] 22/12/2014 07:18

Nothing new tbh - all what we knewProduction on targetCosts reducingOne objection on the water front that they are confident on The rest to follow

[arlington chetwynd talbot] 22/12/2014 07:17

No revenue est's, no loss est's, problems with water, problems coming from lack of future drilling.

Yeah, good news.

[captain_kurt] 22/12/2014 07:13

Yes, not good news for the bears lol

[arlington chetwynd talbot] 22/12/2014 07:06

Oh dear...

[1madmarky] 22/12/2014 06:15

Bog - you can't have it both ways... think most would prefer the quick payback

[bogg1e] 21/12/2014 23:49

"Higher production and lower decline rates."

Surely this means though that the well will be depleted faster?

[superg1] 21/12/2014 20:42

As Whiting petroleum recently completed the T/O of kodiak making them the largest in the bakken, I thought I'd have a look to see if they have considered the slickwater method.

From their Q3 results

Slickwater Frac Design Shows Strong Initial Results Across the Basin. At our Sanish field in Mountrail County, North Dakota, the Brehm 13-7H was completed in the Middle Bakken formation using a slickwater frac design and a cemented liner on August 31, 2014 flowing 3,770 BOE/d. The well’s 30-day average rate was 1,716 BOE/d. The well is located on the western edge of our Sanish field and is our strongest well to date in the western half of the field and one of the strongest wells for the entire field when adjusted for lateral length. The well was completed in 33 stages over a 6,800-foot lateral.

At our Pronghorn field in Stark County, North Dakota, the Pronghorn Federal 44-11PH was completed with a slickwater frac and a cemented liner on July 9, 2014 flowing 2,987 BOE/d from the Pronghorn Sand formation. The well produced at average rates of 1,501 BOE/d and 1,269 BOE/d during its first 30 and 60 days of production. These rates were 108% and 134% greater than the 30- and 60-day rates for the offsetting well in the spacing unit, which was completed using an older completion design.

As reported in our second quarter release, our first slickwater frac job, the Sundheim 21-27-1H well at our Missouri Breaks field in McKenzie County, North Dakota, was completed on August 24, 2013. During its first 200 days, it achieved cumulative production over 71,000 BOE. This was 64% greater than the offsetting well, which was completed using an older completion design. The productivity gap between the two wells has continued to widen over time. We believe this new slickwater completion method has led to both lower decline rates and higher cumulative production.


It seems clear what the preferred method will be, and even more so with lower oil prices. Higher production and lower decline rates.

Unless of course Oasis, Liberty, Halcon, Oasis, Continental resources and various others are all making it up in their news releases.

[cyberbub] 20/12/2014 11:00

LOL monkey3, nice little tunes!

[woodpeckers] 20/12/2014 08:25

I agree briggs, which is why I think we'll see a nice rise when we get the January update.
Good things come to he who waits!

[briggs1209] 20/12/2014 03:22

long time holder here but can see why price still weak. Although last two RNS were positive about year end outlook until market sees that company can deliver good numbers there will be a lot of sceptics.

Would have topped up here in the 20s if it wasn't for all the cheap oil co's on offer.