Iofina Share Discussion Threads

[1madmarky] 13/11/2013 14:49

Ramu, if you just read the RNS's you would not believe that iof would amount to much. I can't believe this is by accident. Io3 must be running by now, and IO4 will hopefully be running by year end. 5 and 6 .... Who knows, but they are delivering, Just being as quiet as possible about it. They are going to get there imho, it's just frustrating.

[superg1] 13/11/2013 14:44

ramu

7/8 weeks to go, they haven't said they won't, they did say by the year end.

A lot of red everywhere, yes an rns to say io3 is getting brine would be nice, but it worries me a lot less than some.

I'm looking at other things IOF related and we'll see how it goes on that front. If it happens in the way I want it to then it will brings lots of smiles here. Not long now, in theory, but I'm mindful of slips.

There are dozens for shares that nothing has fundamentally changed for them but now they are closer to delivery, they are much cheaper.

[n3tleylucas] 13/11/2013 14:41

"The only thing under the radar is IOF's inability to meet their own deadlines!"

That's not under the radar.

You should have said;

The only thing under the radar is IOF's ability to meet their own deadlines!

7p away from gap-fill.

[ramu kumar] 13/11/2013 14:30

AOTN, this drops even when the markets are up! RNSs about change of address, directors share options etc. and nothing about progress of IO3 and the build progress of IO4 to IO6.

Cannot understand why CF mentioned in rns dated 1/8/13 that IO4 to IO6 are scheduled for completion in fourth quarter. Isn't it better to understate and overachieve. The only thing under the radar is IOF's inability to meet their own deadlines!

[angel of the north] 13/11/2013 13:22

All markets plummeting today.

[superg1] 13/11/2013 13:05

Easy

Simple extraction method with no crystallisers needed on hydrosorb, capex and opex down, and no extra for using another plant to finish the job.

The gain is the potential loss of a few 100 bpd very high ppm into a 60k bpd low ppm non-commercial SWD.

Clearly the calculations they have support the idea. IOF seem to fully understand the value of operational efficiencies set in place in the early stages.

That's why they switched from various states to OK for the early plant run. OK is harder to start up on due to contracts plus brine leases, but the operational efficiencies are obviously attractive.

They clearly have that in mind all the time as evidenced in the io2/io6 comment. They will be mindful that new wells with and better ppms will turn up all the time.

I expect site choices will change frequently over the next year or so as they expand, as a simple case of adding the best value they can.

While they may quote $15 per kg and lower, if they could get it to $12 by careful site selection I'm sure they would.

If they iodine brine they have found is fully exploited by someone over the next few years, it could be 10k mt worth plus. Each $ of opex reduced is therefore $10m saved.

It's clear to me that the O and G sector have only just seriously grasped the operational efficiency idea in the last few years, since the gas price dropped.

So many now have that as a huge part of their strategy and it is evidenced in many reports and presentations.

That's why they embrace IOF, while it seems pennies in the bigger picture of oil companies, it's an operational efficiency that costs them nothing.

Plants also act as a final oil loss warning system, as we have seen. Without IO2, I suspect Midstates would still be now pumping $millions in oil down that SWD as they didn't know they were doing it.

[mail2] 13/11/2013 12:40

iof sorry latest. not today date at top confused me

[the librarian] 13/11/2013 12:40

Where is the KISS principle superg? :)

[superg1] 13/11/2013 12:37

Gad

I have noted the trucking points, but at the end of the day it's about a contract with a trucking firm, who then works with the operator and so on.

The operators already have pipeline systems. Opex would be higher and so negate the gain imo. By the time they sorted all of that out on contracts, liabilities and feasibility, pods will be in and ready to go.

They have pods already that they could use, but they are redesigning them as I understand it.

Hydrosorb was explained to me as a new idea altogether. Typically for bpd wells below 1000 bpd, and very high ppm. They would not be as complex as a pod, cost less and opex less, and the finishing process completed elsewhere. I assume some sort of iodine rich, highly concentrated 'soup' being the end product, which then just gets fed into a bigger plant for the crystallisation part.


EDIT

Thinking on that, one truck of very high concentrate iodine soup being 'poured' into a plant nearby.

[mail2] 13/11/2013 12:36

Postman_Pat
it was comments on fingers thread re iof.

[the librarian] 13/11/2013 12:33

gad, are you going to propose it to the company or me, I think your background will carry more weight :-). As for the used brines they could send an equal amount back to the swd. I'm sure that there is a suitable solution (ahem!) for all concerned.

[postman_pat] 13/11/2013 12:29

timbo237 13 Nov'13 - 10:59 - 11002 of 11006 1 0

Is this the final shake before we head north?

Someone mentioned we would have to fill the gap back down to 156/157

.......................................................
timbo237 can you explain what this gap is and why its happened TIA

[gadolinium] 13/11/2013 12:01

Lib,
Your idea of trucking in high ppm brines to existing Iosorb plants seems reasonable to me, As you say they do it at Io1.
As for the variation in chemical composition I am sure it is possible for Iofina's chemical engineers to design as sensor which monitors the iodide content and pH at the incoming brine feed pipe and sends a signal to an automatic delivery system in the reactor vessel to deliver the correct amount of oxidant and buffer. The plants are highly automated anyway, so they are probably designed in this way already.

[n3tleylucas] 13/11/2013 11:31

The gap is 149 timbo237...

[orslega] 13/11/2013 11:28

sounds like a few buses heading our way near term! : )

[madchick] 13/11/2013 11:15

superg, thanks - I trust you. Timelines are always dodgy though, just by their very nature. I'm not discounting anything - just exercising necessary caution! Being in shares can be a bit like the X-Files, you think you have all the evidence, then when it comes to it, it somehow slips away!

[timbo237] 13/11/2013 10:59

Is this the final shake before we head north?

Someone mentioned we would have to fill the gap back down to 156/157

[superg1] 13/11/2013 10:59

Madchick

I wouldn't discount anything.

I assure you, I would never post anything that I didn't think had something backing it up.

If ever I do I always add words like 'pure speculation' or 'I have no idea'

All I can do is go on timelines stated, in such circs you are always at the mercy of others, it also relies on everything being OK'd, you know what it's like with I's and T's

My riddles are to let those that know me that I think something is on the way, but not what or enough concrete to help traders.

Some posters that have been here for some time, use this BB for their own trading strategy and post to support their position, bullish if they have bought, then a good old whinge and negativity when they have sold.

Bears are obvious, but over the months it has become more obvious who is just a genuine poster having a moan, and with good reason, v some PIs trading and using the BB to try and support their trading position.

One in particular has stood out like a sore thumb, and in fact has two identities on here, at least. Simple mistakes they make over time.

[worraps] 13/11/2013 10:36

Thanks, gadolinium, that gives us something to look forward to, not so far away either.

I see Helium is coming up fast on the outside rail too. It's going to be an interesting few weeks.

[gadolinium] 13/11/2013 10:28

More news on the patent front.

I have just checked the US patent office PAIR site. Iofina's allowed patent application US20120034152 (Portable system for on-site iodine extraction from an aqueous solution) of which we were already aware (see post 8806) will be issued (published) as granted patent number US8591743 on 26.11.13. I anticipate an RNS may issue shortly after.

In addition, a further patent application on the same topic, US20110110846, has now received a notice of allowance. This means that the applicant is legally entitled to a further granted patent based on this application once fee payments and other formalities are completed.

[engelo] 13/11/2013 10:21

bobsworth: add in the 3 Forks too (early days yet). eg SG's post 7166:

superg1
16 Aug'13 - 16:29 - 7166 of 7167 3 0


Looks like the 3 forks is getting Continental smiling. News just out.


www.petroleumnews.com/pntruncate/747649652.shtml


Williston Basin pioneer Continental Resources has completed enough exploratory work on the lower benches of the Three Forks to conclude that the play is massive, full of oil, and more.

"It is looking commercial over a very large geographic area, where we think that at least one and in many cases two of these deeper benches will be commercially productive," said Winston Frederick Bott, Continental's president and chief operating officer.

"We have confirmed the resource tank - the production capability of the reservoirs. We've confirmed it's filled with oil. We've confirmed it's not filled with water."

Continental are mostly in ND but do have wells in MT too.

"In North Dakota, all company-operated wells completed during the second quarter had average IP rates of 1,150 boe per day, of which 84 percent was oil. In Montana, wells had average IPs of 455 boe per day, of which 94 percent was oil. Results are consistent with the company's estimated ultimate recovery, EUR, models of 603,000 boe for North Dakota wells and 430,000 boe for Montana wells."


edit: A few months old but contains some useful background and maps:

hxxp://www.worldoil.com/June_2013_Bakken/Three_Forks_shale_once-ignored_zone_could_double_reserve_base.html

[titus10] 13/11/2013 10:21

WRITZ (804)

Have a look at this link:



I have not met Eoin Treacy, nor do I stand to gain anything from reference to his recently-published book. However, I've known David Fuller virtually since he started his London career. He took on Eoin Treacy some years back as his understudy at FullerMoney.com, which is now being reformed as FTMoney.com (Fuller/Treacy - no connection that I know of with Financial Times).

David came from the USA to set up shop selling chart books, having been head-hunted, I understand, by the guys who ran Commodity Analysis Ltd in London. They lectured at seminars, where in the 1970s I first met David, who later bought out Chart Analysis, set up a weekly TA newsletter which mutated in due course into an online service.

As with some others (including myself), his take on Technical Analysis developed with experience away from reliance on TA 'rules' into a more holistic involvement with the behaviour of market participants.

Treacy, an Irishman, seems to have developed within the US sphere of influence. Personally, I don't like everything he and Fuller propose, but nevertheless consider them important in the field of Behavioural Analysis.

There's a link in the above article to the book on Amazon, should you think it worth following.

Best wishes.

[worraps] 13/11/2013 09:45

Spot on Bobsworth.

[bobsworth] 13/11/2013 09:42

A reminder of another major asset Iofina could be sitting on.

From an old news report:

"The Bakken Shale could contain up to 4.3 billion barrels of recoverable oil, according to the U.S. Geological Survey. That would make it the biggest oil field discovered in the contiguous U.S. in more than 40 years-and many in the industry believe the amount of recoverable oil could be even greater as new technology allows companies to tap more of it."