Iofina Share Discussion Threads

[engelo] 04/9/2013 09:45

Place your bets on the next RNS: either CEO, or date of the interims, or the water permit (maybe already reached the OUT tray and just waiting for the database clerk to return from labour day holiday).

[warmsun] 04/9/2013 09:44

Is today one of those days where they knock the price down early and then it recovers and goes up later in the day.....?

[joeywald] 04/9/2013 09:21

SG

I agree - hopefully the CEO announcement is imminent.

[superg1] 04/9/2013 09:09

Joey

That should all be this month in theory, and maybe some presentations to follow, so we'll just have to wait and see.

They would surely want a CEO in place pre interims. I have my date for those a little earlier than Danster.

[joeywald] 04/9/2013 08:59

freshvoice

Albany does make a valid point here. The market is obviously not making any deductions. What we need is some actual news - on the CEO, production and roll out progress.

[beercapafn] 03/9/2013 22:33

danster. why 26th. ?

[danster4] 03/9/2013 21:57

Got a feeling news likely to be 26th!

[freshvoice] 03/9/2013 17:30

Albany

Yes just read recent posts and use yourdeductive powers

[albany30] 03/9/2013 16:56

Yet another few days go past with a lot of "guess what good news is coming, nudge nudge" posts and, quel surprise, the share price drifting back down towards 140p. If this new 'sensational RNS-to-be' is as slow to arrive as the last one, we can all look forward to some more fluffed up hype on here against the hard reality of what the market is seeing.

Any actual news to report here?

[canalet3] 03/9/2013 16:22

The proper name is Archipelago Resources. 150.000 ozs pa. at a cost of circa 650 $

[canalet3] 03/9/2013 16:17

The El1te Trader and I.C. amongst others, are looking at ARCHIPELAGO Gold, this one actually produces gold and seems to be a solid co. that is due to start a decent rise.

[sandbag] 03/9/2013 13:06

Is this another use for iodine?



Edit,
Sorry, you have to go to frame number 7.
2nd Edit. Ruddy hell! They've now moved this to frame 10 LOL!

[molatovkid] 03/9/2013 12:08

Level 2 1 vs 1. 5000 buy order vs 600 sell. A few large buy orders in, that they look like they are filling

[pcjoe] 03/9/2013 10:48

Yes SG was thinking of Iochem when the water flooding was mentioned - presumably Iochem have to dispose of waste down an SWD? -getting close to iofs patented business model - only the 3rd party connection missing? & the Iof end tech - hopefully patents for that progressing well - produced water definitely getting more popular for frack jobs etc but likely more expensive to treat - therefore hopefully no threat to proposed Montana water supply business - likely to be vital in dry state like Texas though

[ijpax] 03/9/2013 10:17

Looks like very little volume today compared with yesterday. Will it drift up or down?

[freshvoice] 03/9/2013 09:33

Are they short of stock today trying for trailing stop?
That was a funny drop looking at trades just before.
Was there any clue from L2?

[freshvoice] 03/9/2013 08:32

Think we might see buying pressure rising today ;-)

[superg1] 03/9/2013 08:27

I was thinking the Bakken and 3 forks obviously, and there is no commercial iodine in that area, that set's it above the OK or Texas area.

More to do with water demand. Over the border on Canada, they talk of water flooding there too.

[the fat controller] 03/9/2013 08:21

gad,
That's how I read it. Lots of water required, but it will likely come from above ground, and so not be Iodine rich. So, sadly, no new source for us!
TFC

[gadolinium] 03/9/2013 08:17

It seems from the link below that water flooding does not necessarily require fresh water, produced water can be used if properly treated, so it may not affect demand for fresh water if suitable produced water is available.

----------------------------------------------------------
Any and every source of bulk water can be, and has been, used for injection. The following sources of water are used for recovery of oil:

Produced water is often used as an injection fluid. This reduces the potential of causing formation damage due to incompatible fluids, although the risk of scaling or corrosion in injection flowlines or tubing remains. Also, the produced water, being contaminated with hydrocarbons and solids, must be disposed of in some manner, and disposal to sea or river will require a certain level of clean-up of the water stream first. However, the processing required to render produced water fit for reinjection may be equally costly.

As the volumes of water being produced are never sufficient to replace all the production volumes (oil and gas, in addition to water), additional "make-up" water must be provided. Mixing waters from different sources exacerbates the risk of scaling.

Seawater is obviously the most convenient source for offshore production facilities, and it may be pumped inshore for use in land fields. Where possible, the water intake is placed at sufficient depth to reduce the concentration of algae; however, filtering, deoxygenation and biociding is generally required.

Aquifer water from water-bearing formations other than the oil reservoir, but in the same structure, has the advantage of purity where available.

River water will always require filtration and biociding before injection.

[superg1] 03/9/2013 07:38

Just prompted a thought there Pc Joe.

Iochem in OK, the Toyota connected producer, are struggling with pressures after decades of extraction on the same spot. It is said that re-injecting the waste brine into the same levels to keep the pressure up.

[pcjoe] 03/9/2013 00:21

Interesting re the water flooding - For every extra barrel of oil produced re this there will likely be up to 10x as much brine produced - or more - to process for Iodine, Lots of new SWDs required for disposal, Lots of potential recycling in dry areas & lots of likely extra fresh water demand in relatively cheap supply areas like North Dakota/Montana (In comparison to Texas/California etc) - Lots of extra business opportunities all round for IOF - Onwards and upwards as they say...

EDIT

Interesting Iodine recovery stats behind waterflooding according to the link figures - eg If a waterflooding scheme costs $5 to produce 1 barrel of oil then it costs 50C to produce one barrel of brine ( based on ten barrels of produced brine to one barrel of oil)

30K barrels of brine may contain 1T or more of Iodine ( market value $55k - $60K?) & have raw source production cost of $15k based on the above

Economically viable & specifically targeted iodine wells with O&G as a valuable side bonus? - Maybe not - but not that far off - & enough to show the potentially very large value of Iodine in produced brine to any prospective IOF investor - or any O&G operator wishing to add value via IOF - All good

[bogg1e] 02/9/2013 23:30

:-)

Interesting article. From an environmental POV being able to increase the recovery rate from an existing well eases pressure of further wells needing to be drilled, especially as the article suggests it could create an oil surplus. Furthermore flushing a fracked well with water surely helps remove more of the toxic chemicals which would otherwise be left in-situ. From a financial POV if the geology of existing high iodine ppm wells allows, it could be used to maximise the recovery of iodine. Given the drop-off rate of a fracked well, from IOFs perspective this can only further the lifespan of an extraction plant in a given area.