Iofina Share Discussion Threads

[bobsworth] 28/5/2013 10:30

Superg1

Looks like a few other buyers today share your thoughts!

See the nay sayers have gone quite on the old bb with no one there.

[superg1] 28/5/2013 10:16

There are a couple of factors this week that may see positive moves, so we'll see what happens, maybe/maybe not

No help from me, the nay sayers can do their own research.

[superg1] 28/5/2013 10:12

1MM

The water for the area IOF are in is scarce, hence the USFW rights swap deal. They may need water in the future for the Bowdoin wildlife reserve and have nothing to help that without IOF.

That's why the Atlantis resource is so valuable imo. If the 3 forks proves to hold commercial oil under IOF's land then then IOF have water for their needs, gaining rights in that area would be very difficult.

So I imagine IOF would become the water supplier and already have disposal wells.

Wells for produce the brine cost about $50k each, with it being so clean and little treatment needed to make it drinkable, I'm wondering if if can just be used for fracking without treatment.

It's down the road that side of things, but most don't get how how valuable Atlantis could become as a water source, let alone the rights swap deal.

[1madmarky] 28/5/2013 08:54

Sneeky ;-)
Wonder what else they have found! No doubt something no one else has thought about yet.

What about all the land around the river that would be suitable for water take out points?

[engelo] 28/5/2013 08:49

superg (341): acreage not 200,000, not 290,000 but over 290,000 :-) From the website

\"Since its incorporation the Group has steadily acquired over c.290,000 acre land position in northern Montana, on which a major aquifer containing natural gas has been discovered in the Eagle and Virgelle formations, sedimentary formations of Cretaceous age lying at depths of 1,000 to 1,500 ft below the surface.\"

Don\'t know whether this has been updated recently.

[nashwan123] 28/5/2013 08:17

This news from NCT could provide or maybe is providing business for IOF.

[superg1] 28/5/2013 07:54

Engelo

some good info thanks.

The Nisku shows are right next to IOF on the West edge of Hill county. The depth there is 4,500' a 50 foot zone yet to be tested.

[n3tleylucas] 28/5/2013 07:47

EBITDA of $194,849 v MV of $443,940,000

2278 x EBITA = Creaking.

[jointer13] 28/5/2013 06:39

great post sg 353 recommended

[engelo] 28/5/2013 01:03

superg (376) Thanks again. Think IOF can just wait and let it come to them :-)

Maybe old info but Wind River Energy have drilled at Phat City (nr Glasgow, Valley County):

Completed in November 2011 drilled to total depth of 5,495 feet

Confirmed oil in place in both the Nisku (5,366') and Bakken formations (5,266')

Nisku
–
Oil is in place, trapped behind the fault that runs through the Phat City project. The well encountered 8' of oil saturated net pay in two zones in an upper interval and 19' of a water saturated lower interval within the Nisku, identifying an upper and lower Nisku. The two intervals are separated by a 10' thick section of tight dolomite

Open hole completion resulted in loss of well integrity

Bakken/Three Forks
–
encountered 5 feet of upper Bakken shale as well as 70 feet of the Three Forks formation.

Potential for future horizontal drilling in Bakken/Three Forks

[battery] 27/5/2013 23:01

Ramu,

Please see the original thread, post 979.

Updated today

[superg1] 27/5/2013 22:07

Engelo

Anything Exshaw related will be on the Western edge of IOF's acreage.

It was only in recent months I realised IOF have acreage in Liberty county too (west of Hill county).

They have leases under 5 names at least, but I'd be off the xmas card list for naming those on here. :-).

Personally the 3 forks is the interest for me on that front, but potentially there is the Nisku. Then we have whatever True oil are up to with that Laas well.

The Niobara re wet gas is a bit of a mystery, but it's being shown on map for Hill county.

[skylite] 27/5/2013 21:59

28 degrees here in Cheltenham, not seen a cloud for 4 weeks Fest.

[festario] 27/5/2013 21:11

Don\'t you just hate bank holidays? Especially wet and windy ones?
No Stock Market open, so all I can do is further research into IOF, and watch DIG and John\'s spat fizzle out in no time flat, (which was welcome by the way).

The trouble is, I am completely wasting my time researching. No matter what article I read, and what weblink I click on to take me deeper, whatever I find has long since been covered by SuperG.
I can find nothing new, but more importantly I can find nothing to worry me in the slightest. Maybe I should just worry about that??

[engelo] 27/5/2013 20:55

superg (341) thanks for info re IOF\'s potential oil acreage. A few more questions if you don\'t mind :-)

Is IOF\'s Alberta Bakken (aka Exshaw?) acreage located in Montana? Perhaps contiguous with their 200,000 3 Forks acreage?

http://www.shaleexperts.com/plays/alberta-bakken/Overview

And if in IOF\'s acreage the 3 Forks strata have been uplifted, are the overlying Bakken strata absent?

[warmsun] 27/5/2013 20:49

Lol....group hug....:) well done dig and John....
The sooner the market opens the sooner I can continue staring at my screen..... :)

[johncsimpson] 27/5/2013 20:33

Accepted.

So what you drinking?

[r007212] 27/5/2013 20:24

This board makes great reading, keep it up guys, what a company!

[diggulden] 27/5/2013 20:02

John, yes you are right, a moment of frustration on my part, you have my apologies. Maybe now it is in the header you won't have to direct people to it. Now back to Iofina.....

[ramu kumar] 27/5/2013 19:59

Battery,

I recall you did an excellent spreadsheet on forecast production numbers, opex, share price etc. Can this now be updated with recent developments/progress, thanks.

[n3tleylucas] 27/5/2013 19:52

This could be good.

[the librarian] 27/5/2013 18:41

Sheer poetry superg, definitely header material !

[superg1] 27/5/2013 18:22

Thanks Monty I was thinking along those lines. Now we know the tech works well and have some idea of the roll out it should underline things well, assuming delivery.

I was hoping for 2 of io3 to 6 going into OK and now all of them appear to be, plus the extra plants up to io 12 and maybe beyond.

I don't think even this BB realises just how significant that is.

Even a pod or 2 on significant ppm wells, will do more than one analyst has for io3 (125 mt).

Going on what was hinted at, one location can do over 200mt with a pod.

[monty panesar] 27/5/2013 17:10

Sg,

Thanks for 353. A good reminder of why there is so much upside on the share price over next year. Worthy of going in the header me thinks.