Iofina Share Discussion Threads

[phoenixs] 04/9/2014 16:41

...and the chemical division is consuming most of what is being produced which would enhance the downstream profit even if the extraction side has lower prices.

Isn't the quality of what is being supplied to India of a lower quality than that being produced by Iofina?

[bocker01] 04/9/2014 16:28

Well prices are well above iof's costs. And probably well below some others costs.

[gadolinium] 04/9/2014 14:54

For what it is worth, there still seems to be no sign of any recovery in Indian import prices for 99.5% iodine on the Zauba site.

Average import prices for the year to date are as follows, month ($/kg):

Jan (43.73), Feb (40.87), Mar (38.97), Apr (39.08), May (38.29), June (37.37), July (36.18), Aug (35.2).

[phoenixs] 04/9/2014 12:17

superg1,

There is a huge moral gulf between the directors of IOF who take $1 pa salary and those at SQM who are or have been embroiled in outrageous financial scandals. I know where I would rather have my money.

[superg1] 04/9/2014 06:23

Chile market manipulation scandal takes toll on investor confidence

[superg1] 03/9/2014 22:56

Some think there is a 90 day timeline, but I don't think there is any timeline.

On the basis of water laws and what IOF say they have provided, then I can't see how the permit can be refused. IMO they will at least have to award IOF a permit for an amount of water be it for all of it or less.

It has been already stated that the water is legally available. It's then down to beneficial use, and fracking fits under industrial use.

It's slow going but I'd be stunned if IOF didn't get a permit of some type as they have ticked all the required boxes.

It's like the local planning office telling one household no for a rear single story extension under 4 metres. Everyone by law can do that without permission, so to single out IOF would go against water laws.

How could that ever be supported to deny the water permit in a water court, they have met all the criteria, and that is all you need to do.

[naphar] 03/9/2014 22:50

We don't yet know if we have to go to appeal. We are still hoping we will get approval through from the mid July hearing that took place.

[chrysalis99] 03/9/2014 22:24

Thanks superg. Has your digging unearthed anything on the water approval? Last time I looked in there was no date for the appeal.

[superg1] 03/9/2014 22:02

A link mentioning water demand. The articles covers an extra 2 million gallon storage. That extra will only cover what one well needs. For a slick water frack the entire storage capacity would only do 2/3 wells.





“The growth that we’ve experienced in McKenzie County is a lot larger than we ever anticipated, not only on the domestic side, but also on the industrial,” Wirtz said. “Because of the unprecedented growth that we’re experiencing—especially in the Watford City area—a lot of that storage is taken up.”

[superg1] 03/9/2014 21:27

Have a look at Dee Three, that was an unknown. They are just over the Canadian border NW of IOF land. They are doing very well.



To the West the Alberta Bakken has a lot of activity.

To the NW into Saskachewan companies are having good results on what they call the Shaunavon.

Crescent point has made new discoveries too in SE and SW Saskatchewan. The whole area is seeing new discoveries all the time.

I don't call 5 wells over 1000 square miles to signify that it's been explored. 4 of those are on the outer edges. So you have one in the middle.

The easy meat in the area was the gas in the shallow levels (like the bearpaw play) so going below that was not of interest. Further north into Canada is the well known medicine hat gas field.

I'm sure someone will have a go at the IOF acreage for oil one day, and then we'll know if it's viable or not. A vertical test well wouldn't be too expensive to check for any potential oil.

The oil potential is handy, but most here are invested for the iodine business with a very good chance we'll have a water business too (frack supply).

If you want in for oil you may have a long wait, but it's a free carry if they succeed on iodine, which seems highly likely.

[chrysalis99] 03/9/2014 20:56

Thank you for that v thorough summary. Do you happen to know roughly how far the bakken activity is from the IOF land? It sounds as though a reasonable amount of exploration activity (3D work and some exploration wells) has already taken place but nothing was discovered that was significant enough to warrant any immediate excitement by the parties who undertook the work.

[superg1] 03/9/2014 19:49

Chrysalis

What we know from discussions with the BOD at AGMs and presentations and what they have released.

IOF at one point held far more acreage than they have now. Lease holders had been after gas on IOF current leases at shallow levels, but it was low level production. All of that was pre frack boom.

IOF then picked up the leases very cheaply as they were after the shallow gas aquifer that also contained iodine. Along with the leases came a lot of 3D data, it is said to be $11m worth.

From that 3D data IOF then trimmed down their leases taking into account what the 3D was showing for the lower levels.

It was stated that the 3 forks is under all of their acreage and is about 100' thick. There are also other levels like the Nisku, Niobara, and some Alberta Bakken.

A key point is that the area is large and virtually unexplored. Only a few wells have been drilled into the deeper levels, so there is limited data available re the prospects.

To the west of IOF land there is a lot of activity on the Alberta Bakken. In the east there is a lot of activity on the Bakken and three forks.

I can see from a well report that the 3 forks level under iof has been pushed upwards and iof sit over the top of the dome, it falls away to the east and is at it's deepest in North Dakota.

IOF have been concentrating on the iodine side of the business, but have said this.

Deep Zone Potential

We have completed an exploration evaluation of the deeper horizons under our current acreage position, specifically the Bakken/Exshaw, Three Forks and Sawtooth horizons. The shale thickness, especially in the Three Forks, is encouraging for reasonable production of oil. The recent activity in
the Williston Basin to the east of the Group’s acreage and current drill activity to the west and north have created greater interest in our large acreage holding. The relatively high risk associated with this exploration play demands that, prudently, we seek a partner for any potential development of
these deeper rights. We are actively marketing the deeper horizons.

They also have the mud logs from the few deeper wells that were drilled


I forgot about these folk, but they have drilled a well into the Sawtooth just over to the East of IOF in Blaine county. This is what they say re that one.

Calgary, Alberta – August 11, 2014. Montana Land and Exploration Inc., has drilled and cased a well as operator targeting the Sawtooth formation in the State of Montana. Limited oil has been recovered from the well but a stabilized production rate has not yet been established. Results of the well will be evaluated through an extended flow test and Montana will consider targets for a further exploration/ development program.

A small company called Brown J Burns had been producing form an oil well in Hill county near IOF for many years.

The three forks was announced by the US geological survey as containing oil just last year, so the exploration of the three forks has only just begun. Over in eastern Montana they have had some great results, but we will have to wait until someone drills a well over out well to see if there is commercial oil over IOF's way.

I know that NW of IOF land well into Alberta Canada one oil company has found commercial oil in a level they call Torquay which is the three forks.

Exploration is going on all around at various levels, so it's a case of watching and waiting to see if someone hits nearby.

With all the success of the Bakken area, it's unlikely those there will concentrate on anything other that what they have got as it's almost a 100% hit rate.

IOF are sandwiched between a lot of activity and own a lot of acreage.

So it could well be a very nice asset, but we have to wait and see. IOF have not been seriously marketing it as far as I'm aware, they have been far too busy on the iodine business.

[chrysalis99] 03/9/2014 19:05

Can anyone point me to the research that knowledgable posters on this thread have done into the potential for oil exploration on IOF's lease. TIA.

[cyberbub] 03/9/2014 10:56

Bit of resistance at the previous intraday high in May of 66p...

[captain_kurt] 03/9/2014 10:05

50k LSE just appeared on the bid at 63p

[superg1] 03/9/2014 09:22

Spike

Having followed it for so long, I find the end of day auction to be the time the iceberg selling or buying tends to show it's hand.

EG on the first long IOF climb with funds buying it was very common to see bids appear just before the close, often in identical amounts but with 4 or 5 bids. The total was always around the 80k to 100k share mark.

That 235k was most unusual and if it is still in play, it may become apparent when the end of day action starts, either as one big number or multiples of a lower number.

However ignoring that, level 2 on the bid v the offer is a lot stronger now than it has been in recent weeks. Maybe another buyer has joined the game.

[phoenixs] 03/9/2014 08:44

spike, no need to show hand early on in the day.

[spike_1] 03/9/2014 07:59

No 235k as at 07.59

[superg1] 03/9/2014 07:16

On that short chart comment it's been updated today, and looks as if it closed straight after opening. Those charts are only a guide, I'll put the link in the finance thread for anyone that wants to look

[spike_1] 03/9/2014 01:42

RE:
...captain_kurt 2 Sep'14 - 16:38 - 24131 of 24142

235k is still there on the LSE bid, even 8 mins after hours, if anyone is interested in filling it ?
;')

...Meb123 2 Sep'14 - 16:45 - 24132 of 24142

If I had the dosh, I would :-)

Meb123 - slight confusion on your part: someone has put in a bid to buy 'your' shares off you (235k's worth for 60p) will be interesting to see if something similar appears tomorrow. Usually large numbers like that are only there for a short period and are withdrawn prior to auction - interesting. Had there been a big seller around that quantity at that price would have been a gift.

I just wonder if that is a short trying to close? Extremely transparent if it is.

Goodnight - Mike

[cyberbub] 03/9/2014 00:54

Guys dont worry about the Stena and Panacaea bonds. If converted there will be only modest dilution in the scheme of things.... it's not as if it would double the shares in issue or anything, AFAIR off the top of my head it's only about a 10% dilution in total? Hardly a disaster, and a common scenario for a growing company... if IOF fulfils its potential med/long term then I don't think a few extra shares will make any significant difference...NAI

[superg1] 02/9/2014 20:39

It looks like IOF have linked up with the local University to map out the iodine resources of OK.

Geochemical

Alva
•Iofina Resources, Northwestern Oklahoma State University (NWOSU), principal investigator Jason Wickham and two student interns will support and conduct research to determine distribution, quantity and stability of iodine in the brine waters of northwest Oklahoma. Findings will be used to map iodine concentrations leading to increased production and an increase in the volume of iodine produced for a world market. Award $23,720

Nine Intern Partnership applications chosen from a field of 13 have been approved by the governing board for the Oklahoma Center for the Advancement of Science and Technology. Total funding for the projects is $340,512. Winning applicants will hire a total of 16 interns.

Private firms and universities are represented in the nine winning applications. Internships are awarded for two years, and the current round of awards represent energy, aerospace, defense, geochemical and specific equipment designs.

[superg1] 02/9/2014 20:14

So that's the Cosayach family hit for $70 mill and now the SQM bosses hit for many millions in fraud cases, but come conference call answers and they speak only the truth. lol

[superg1] 02/9/2014 20:05

Well at least for once they didn't wriggle their way out of prosecution



Chile’s securities regulator handed down record fines to executives including Julio Ponce for illegal trading in shares of holding companies for fertilizer producer Soc. Quimica & Minera de Chile SA.

The sanctions total $164 million, including $70 million for SQM controller Ponce, the agency, known as SVS, said in an e-mailed statement today. The executives -- who also include Aldo Motta, Roberto Guzman and Patricio Contesse Fica -- have five days to dispute the fines at the regulator.

[1madmarky] 02/9/2014 20:03

Ok,thanks. I got the wrong end of the stick. I got the impression during the exchanges with AB that IOF could just pay him off. If as it would appear that is not possible then might as well get that money working for us once IO 1 to 6 are running correctly. So we do have the funds to significantly expand, I guess we need to hold some back for water, but other than that lets party and get some mobiles out there!
Marky