Iofina Share Discussion Threads

[engelo] 22/7/2013 08:37

Meanwhile fwiw April 29th (amended water permit application date) + 90 = July 28th.

[rogerbridge] 22/7/2013 08:27

I hope that is correct SG, to follow on from the cycling and Ashes wins.
It will be the first important news for a while and it will be good to see what the yields are. I do not know how precise the figures will be, but we will have an indication. Then, hopefully sometime next month we should hear about the big one IO3.

[superg1] 22/7/2013 08:14

Well having been counting the days since the AGM on comments made, and working out probabilities re timelines for data and yields. I have this week as likely update time for plants. I could be completely wrong of course.

The indications at the AGM were that io2 was only days away from getting new brine but subject to power link up's for operators.

So add a week, then 2 weeks of running to test new brine, tweak and get yields/production. If they aren't getting the new brine yet, they won't be at that point, we'll just have to wait and see.

[peterz] 22/7/2013 07:45

Perhaps a belated prezzie, tomorrow!

[festario] 22/7/2013 00:03

Diggulden.... its after midnight, happy birthday.
May you receive an operational update RNS as your main prezzie, at 7.01am.

[freshvoice] 21/7/2013 23:37

STEVE Please do not engage with the nutter on here, go to his BB if you must talk to him.

[madchick] 21/7/2013 23:35

dig, welcome back and happy birthday :-) May all your wishes come true (since the RNS wish would also be ours, ha ha).

PS. It was after midnight in Switzerland when I posted this - forgot the time difference! :-)

[bogg1e] 21/7/2013 23:31

SG1 cheers.

[moormoney] 21/7/2013 22:20

Well I'm happy to stay on the old thread and hope superg keeps us updated. I have faith in Iof and can't cope with following various thread on top of my regular ones...GKP fiasco is bad enough to follow. Tranquil Iof no worries!
Have any of you looked at COMS ? I have invested and it seems a future star and growing like topsy. Any comments welcome especially Superg and Scrutable.

[optifog] 21/7/2013 22:05

SG please add me to the new thread as well. I seem to have been missed off the initial list. Thanks.

[superg1] 21/7/2013 22:04

Macca

Atlantis is 50ppm and cold water so 70% yields. IOF had plenty of issue in the early days re pre-filtering.

They thought they would have to go cold calling re the third party brine model, and as can be seen have tested many samples over the years. Plants at SWd's cost the operator nothing, but they pick up payments, which helps reduce brine disposal costs.

In Mid-states case io2 also identified a problem with the operators Oil skimming kit.

Iosorb is the new tech and it is proven to work with yields so far as high as 98%.

Boggle the calculator is in the header as shown.

If you look back through old posts ,many months back there was a mention of io2 brine being 269ppm.

In rns updates we heard that the production for io1 and 2 was between .8 and .9 mt daily.

We already knew that io1 was doing about 1mt per week, or around .15mt daily. That would mean io2 was doing .7 to .75mt daily from 18.7k bpd.


18,700/7000 x 269 = .718mt per day.

So you can see the rumours and digging are not far off when we use the actual data available.

The ppm that has been mentioned and researched in recent months, suggests it will be higher from the Miss play.

Averages in OK are 350 ppm historically, those sort of levels at 30k bpd, 90% yields and 10% down time would mean 500mt.

[diggulden] 21/7/2013 22:00

Just back from a week away, doesn't look like I've missed too much? No intention to go through the 200+ posts, nothing from the company so nothing has changed.

For my money, RNS on Wednesday with operational update, although tomorrow would be great as it's my birthday!

[the librarian] 21/7/2013 20:51

Desperate measures steve, best that he closes the short here and goes long there then :-) that did make me laugh... thanks for that.

[engelo] 21/7/2013 20:07

Would that make ansana smile though? Think not.

Perm any 3 from I01-4, patent, water, CEO.

[engelo] 21/7/2013 19:59

Any oil investors on here? Shares mag in last week's issue picked out IAE which looks very undervalued imo. Q2 results on 13th August could be a catalyst.

PPC was mentioned by ZEngas on the old thread a few months ago and have kept an eye on it since. CEO recently added £0.5m worth.

[captain_kurt] 21/7/2013 19:48

Lundin Group have deep pockets and Iofina fits their business models.

Interesting time ahead.

[malachey] 21/7/2013 19:32

Ah, so it was the Lundin Group that you have been hinting at recently SG. Now that is a deep set of pockets.

[engelo] 21/7/2013 19:17

SG: please include me on the new thread. Appreciate the admin overheads you are going through :-) There might just be a short gap before Hurricane's tsunami hits the shoreline :-)

[pcjoe] 21/7/2013 19:07

Fair point on the intermittent brine supply to SWDs Macca - IMO there is going to be feast & famiine & all points in between at SWDs & IOF will have to work out by plant size/plant additions & deductions on how to max production - Will a 60,000 BperDay SWD work flat out 24/7 on high constant high PPM? - I doubt it & a standard IOF 30K unit couldn`t cope if it did - This is all new & IOF will have to work it out - But no rocket science here

Flexbility & mobility will be key IMO to site operations

Can that be acheived? - of course it can and I`ve taken out a very large bet to say it will - How simple a business model do you want? - Waste brine full of iodine at certain known SWD locations is pumped down a hole - an unavoidable & xpensive by product of Miss Lime O&G operations - All Iofina do is intercept waste pipelines as they converge on the SWD & harvest the iodine at market beating OPEX & Capex - The brine is then sent on its way down into the bowels of the earth

All the best ideas are the simple ones.....

[the librarian] 21/7/2013 19:06

Old stuff....

Carbon bed technology replaced by Iosorb, gas prices gone down as drilling has gone up, Iofina used to buy in Iodine off SQM.