Iofina Share Discussion Threads

[johncsimpson] 25/11/2013 22:53

I would have thought so too but clearly they either know something we don't or they calculate things in a 'worse case' scenario mode.

[micknickbanny] 25/11/2013 22:40

Cheers for that all: I had thought that they would have been considering bailing out gracefully by now.

[johncsimpson] 25/11/2013 22:21

micknickbanny - yes they did on Friday by 0.07% or roughly 90,000 shares. Difficult to be exact coz the figures don't add up precisely - nothing amiss here it could be to do with rounding up figures to 2 decimal places.

edit: Now I check again the figures do add up.

further edit: 89,096 added so the new total of shares shorted by Ennismore is (give or take): 1,731,008.

[superg1] 25/11/2013 22:16

Not a lot, or particularly good timing imo. :-)

Prob based on the recent rns, and what SQM have said.

[rovi57] 25/11/2013 22:15

Titus, four years plus ago the doctor recommended statins, over a 18/24 month period I had three differing types of statins all had some form of physical effect that was inappropriate to general wellbeing, joint aches and muscle pains for no apparent reason seemed to be the main effect. differing statins had differing levels all caused some distress. Two years ago I stopped taking statins as such but was prescribed EZETROL 10 mg tablets the active ingredient being ezetimibe. It reduces the absorbed levels of cholesterol in your digestive tract, although unlike statins it does not reduce the cholesterol your body makes.
Having had high blood pressure over many many years with the consequents of taking medication for that, plus the good twice yearly blood checks and tests I am pleased to say all is well. regards rovi

[escapetohome] 25/11/2013 22:12

2013-11-22 short increased 0.07% to -1.36%

[mikkydhu] 25/11/2013 21:51

If they have, it was possibly on the same day I was increasing my long!

[micknickbanny] 25/11/2013 21:40

Has Ennismore increased it's short position with Iofina !

[noli] 25/11/2013 21:32

Look up this pdf. Loads of info on the formations. Part of one of the sample maps below, it also shows some of iof's lease area TN, 34,35,36.

[johncsimpson] 25/11/2013 20:22

engelo just ticked up your post 11532.

I said there was lots to read and it's taken some time to appreciate just what was there in that post. I suspect we're often going over the same 'stuff' and it's so easy to miss something even when you've seen it a number of times.

Good stuff.

[engelo] 25/11/2013 20:17

For those prepared to take the long view....back to 1889 :-)

[superg1] 25/11/2013 19:57

Engelo

In the fullness of time there is bound to be some drilling on IOf's acreage.

Re that lease acquisition list, it's obvious who it all belongs to, as no drilling has even been done.

It will be interesting to see how the Nisku action plays out.

I'm curious over other leases too, in other names, with identical expiry dates.
The company they are registered too, doesn't seem to have any operations in Montana. They are in ND and over the border in Canada though.

[engelo] 25/11/2013 19:42

SG: thanks for the info on IOF land holdings. Must have taken many hours to find, but worth it :-)

JCS: No collective info for Montana imo, it's just hard graft. MT is in the backwoods in so many ways, as SG has said. Early days, apart from the E counties/Williston which is much like ND in terms of geology and activity.

We can sit back and watch the 3 Forks, NIsku and other benches yet to be drilled and see what happens.

HIt and miss though at this stage; this link reports Weil's Roosevelt move, but also that Devon Energy are abandoning wells in Blaine.

[titus10] 25/11/2013 19:06

Crosseyed,

I'm extremely grateful for your input on statins, as I'm looking for all the direct experience information I can find.

I've lived, I think, a pretty healthy life, quite well-informed about nutrition, lifestyle and exercise and their relationship with health. I carry a fair number of sports injuries, however, following a strong competitive urge despite an unexceptional physique!

Varicose veins started developing in one leg only from over-eager, unwise early morning mono ski training for slalom water skiing in my mid-thirties. Snow skiing and board sailing, both followed quite intensively to competition level probably didn't help, but when I consulted a GP a couple of decades ago about it, I was told "it's a cosmetic matter". 2 years ago, veinous eczema developed into leg ulcers, cellulitis was diagnosed whilst at my winter home in S.Africa, and I flew back in a wheel chair. It was doppler and blood testing during treatment for that which just recently revealed a lipids problem, to my great surprise, as I arrogantly thought I was proof against that, and my GP has phoned to recommend statins. So now I'm keen to look into alternatives as a first resort, as I personally know too many people badly affected by this treatment.

I now think that a decline into less sensible eating (lots of chocolate, ready meals and more dairy than I used to) in conjunction with far too much time working 2 computers and four screens every day is responsible in my case.

At a mere 83 years of age, having only stopped windsurfing in force 5 winds around the Isle of Man a decade or so ago, rectifying a lapsed fitness regime is worth a try, I reckon.

Talking to locals here, it seems everyone over 50 is being prescribed these block-buster drugs - many even more sedentary than I've become, living alone with computers, and some half my age.

It's roused the contrarian in me. If anyone else in our IOF community has direct personal experience of statins prescription, I'd be most grateful to learn about it, whilst apologising for the subject being OT...

[crosseyed] 25/11/2013 15:13

Titus,

Re statins: Presumably these are being prescribed for hypertension, high chlolesterol, or both.

Having an inherited propensity to elevated chloresterol which was identifed when I was in my early 40's (some 25+ years ago), the level was quickly brought back to normal through diet without recourse to medicaments. Basically, I reduced dairy products in my diet as much as possible. More accurately, my wife ensures that I have a very balanced diet, using low-chloresterol substitutes. Fully skimmed milk, no cream, very little cow's cheese (though goat's and sheep's cheese have less high-lipid fats). It's really all about balance. If one eats something rich in fat (eg when invited out to a meal), then compensate by having low or no fat meals to follow. Oh! And of course drink half a litre of red wine per day! Actually, I lived in the South of France for most of the past 20 years, a region well known for longevity. That was a piece of advice given by our doctor. I saw a study reported in the press the other day actually supporting that advice. I'm happy to go along with it!

More recently, I moved back to an english environment. Quite quickly, my chloresterol level and blood pressure were on the rise. My doctor suggested statins. I resisted and suggested a time period to bring them under control without medicaments. The problem, I'm sure, was the result of a much higher fat diet (we eat out in restaurants a lot nowadays) without realising it, augmented by a more sendentary lifestyle. The diet part was resolved by always requesting no butter in food - chefs are usually happy to substitute olive oil or other vegetable oil, or will tell you what's in food. Butter is so often slapped onto vegetables before serving. Equally importantly, I decided that I needed to exercise more, and I think that was the key to bringing my blood pressure back to normal (and also keeping my weight under control). I do about 30 minutes of hard exercise in the gym each day, as well as descending 273 steps from home to gym, and of course the slightly more challenging return afterwards. As it stands, all seems to be under control and my doctor and I are both very pleased. No statins.

There has been quite a lot written in the press recently about statins being the wonder drug and life enhancer. I wonder if that is not a lazy solution to a serious obesity problem in modern times. As you have read, there can indeed be some unpleasant side effects from statins. In my case, I have an effective alternative but it does require some willpower.

Anyway, best of luck in whatever you decide.

c

[titus10] 25/11/2013 12:04

Sandbag,

Many thanks for the link on statins. Such a controversial subject: doctors pro, so many people I know personally with bad experiences.

WRITZ,

Not sure why "chart reading" is separate from TA, but you're not the first to perplex me where other people's conception of what constitutes technical analysis is concerned.

I reckon we all initially like drawing lines on charts - the more the merrier. I did, David Fuller, now considered an international TA guru, did. There is, however, more to it than that and much serious published material available to those interested. Good luck with your studies.

[johncsimpson] 25/11/2013 07:59

Yeh SG - great fun and not too much reward most of the time.

engelo - yep it works for different areas, states and counties - obviously only as long as the information exists but it's usually targeting the drivers of lorries, trucks etc. who often haven't a clue how to distinguish one site from another. . Just google 'oil rigs in Liberty County', for example or 'well maps'. It's all trial and error.

[superg1] 24/11/2013 23:39

JohnC

'Fun' isn't it.

For those interested have a look at this, I think you will find they are Iofina leases in various names, where the originator name has been kept on the register.

There is a site where you can search for leases, more on that another time but for now have a look at this pdf-:

dnrc.mt.gov/Trust/MMB/OG/Salesresults/2011/December.pdf̴6;

Page 2 to 6 covers Hill county, Who can it possibly all those leases? The closest clue is entry 231

As in this link it's the grid square next to wells covered by Iofina.



Note the grid reference 36e-11e-36 CSG resources.

The point being they are IOF, and the names remain registered in the previous owners name, many expiry dates are 2019 and 2021.

The trend continues into Liberty county.

There is a lot of info out there, it can take an age to find let alone decipher it all, but then when you see comment of 'adjacent' to acreage if you have the right information stored it's easy to work out, exactly how adjacent they are.

So if any well, by anyone else, hits oil, I for one won't be wondering how close iof are to it. It's all that banked research that doesn't get mentioned too often.

Hence with that in mind, I'm wondering what Weil are up too and the rest of the oil companies now going after the Nisku.

Engelo actually listed the Weil report document in a post. Could be nothing, could be something, but some of us know to the nearest few yards, where IOF land is, in relation to wells being explored.

[engelo] 24/11/2013 22:41

johnc: great work: those maps look really impressive. Is the info on rig locations available to do the same for Montana, or is ND a special case?

[johncsimpson] 24/11/2013 21:58

Thanks for all that engelo. Lots to look at . . .

I started to try and put some more information together yesterday and today re maps of one sort and another. The trouble is there's just so much to search though and it's very easy to get side-tracked all the time . . . .

So you can start with a map of all the American states then delve into individual states and their counties and get some fairly informative 'outline maps' of whatever geography / info you're searching for.

You can then google to find maps of where rigs / wells are in say North Dakota and if you spend a bit of time you'll find they exist. The problem is – drum roll – what you're likely to get is something like this



Then you have to zoom out to check if that thicker horizontal line near the top is, in fact, the Canadian border and not something else and then you get side-tracked as you flip between a more general map and the rig map and spot the county of Big Horn in Montana and then Yellowstone National Park and start to wonder what all those little pictorial images are.

One Custer's Last Stand review, a Yogi Bear cartoon and twenty minutes later, you get back to the rig map to find those little pictogram images are various trucking companies, crane hire businesses etc.

Click on any of the 'names' down the left hand side and voila:



Loads of information as you can see, but you can also see on the left, that alphabetically, we're only A-E so if you want to click through the entire list you need at least a plate of sandwiches and a lot of time and patience - but here's the link as used for the above map(s):



Whilst sorting through a lot of other stuff I re-found the Canadian site whose address I'd deleted from my Iofina folder as relates to posts 11519 and 11533:

www.beatingtheindex.com

I also found this CNBC interview with David Schneider, the then CEO of Iofina – he left March 2010. It dates back to 2008:



I don't remember seeing it here but it may be. It takes a minute to start streaming and there maybe an advert at the start.

added: You need to type 'Iofina' in the search box on the Canadian site.

[engelo] 24/11/2013 19:30

Jan 2013 extract: wonder which 4 counties?

"On the Montana side of the Alberta Basin, LDR has focused on 4 counties that fall within a fairway bounded on the east by the Sweet Grass Arch and on the west by the Rocky Mountain Deformation Front. Rosetta Resources, Anschutz Exploration, Newfield, Quick Silver and Primary were the first to enter the Montana Alberta Basin."