Iofina Share Discussion Threads

[meb123] 30/10/2014 08:40

Hi SG
re slickwater, good info there. Whats the significance for IOF then ?

[superg1] 30/10/2014 06:40

Slickwater (high volume fresh water fracking)

The relevance is that slickwater uses between 3 and 5 times the water used for normal frack techniques. Companies are reporting it is cheaper due to the lowered chemical use. The general production increases they are seeing are between 30 to 40%.

In recent times Oasis, Continental and Halcon have all reported some great results on the slickwater completion technique in the Bakken.

Whiting petroleum released Q3 results yesterday. In the media comment they specifically mention the success of the slickwater technique. Whiting are one of the biggest in the bakken.

James J. Volker, Whiting’s Chairman, President and CEO, commented, “Whiting continues to lead the way in implementing new technologies to enhance productivity and recovery rates in the Williston Basin.We are systematically honing the best completion designs in our different areas of operations.At our Sanish field, the Brehm 13-7H was completed in the Middle Bakken formation using a slickwater frac design flowing 3,770 BOE/d.Adjusted for lateral length, it is one of the most productive wells we have drilled in this prolific asset.

The well is located on the western edge of our Sanish field and is our strongest well to date in the western half of the field and one of the strongest wells for the entire field when adjusted for lateral length. The well was completed in 33 stages over a 6,800-foot lateral.


Oasis

A comment by seeking alpha this month

What has shown a lot of promise is the return of Oasis' slickwater completion method. Back before the rise of other methods, the slickwater completion technique was very common. Based on Oasis' Indian Hills wells and other well results from the industry that used the slickwater fracking method, the improved technique boosted production by 35% versus a standard well. Last quarter, Oasis was able to complete a well targeting the Middle Bakken in Montana and a well tapping into the first Three Forks bench in North Dakota with its new design, partially proving that it will be able to apply this method across its acreage.

Halcon

When Halcon Resources reported a record initial production rate for a well in the Fort Berthold Indian Reservation in a June presentation, slickwater fracks were recognized as the reason for the record.

[engelo] 29/10/2014 23:14

22 business days to Dec 1 ;-)

[cyberbub] 29/10/2014 20:54

We dont know what went on behind the scenes, I would agree that some of the delay must be down to IOF/Atlantis but a lot due to the bureaucracy also.... anyway look forward not back!

[arlington chetwynd talbot] 29/10/2014 17:31

This one's a bit more niche, not going to immediately benefit from an energy sector/general market rally... even so, even an old dog will get dragged along, so you should get some benefit.

[superg1] 29/10/2014 13:46

TFC

What you raise is exactly why Halliburton and co show interest in securing a JV.

Forward thinking tells them tributaries and ground water will see barriers for supply to the O and G industry. That combined with the length of time to get a permit.

Pre application comes the problem of trying to secure land or a lease of land to build a depot. Rights of way for pipelines and so on, it's no easy task.

They are so archaic and slow, that's why North Dakota still has emergency measures in place to allow irrigation water to be sold for industrial use.

[monkeymagic3] 29/10/2014 13:45

Damn right.

[sancler] 29/10/2014 13:11

TFC

At least 7 months of the 18 was taken up with Atlantis putting right what was wrong with the original application. First, it took them 3 months to correct the deficiency. They were notified of that on 28 June 2013 and did not put in their final answer on it until 23 September 2013. Second, having been informed of the draft Preliminary Determination to deny on 21 November 2013 they did not provide their final answer until 24 March 2014 (which included an amendment to the acre feet requested). During those processes, Atlantis themselves (1) asked for an extension of the statutory timeline for submitting a deficiency response and (2) waived timelines for the show cause hearing.

I'm no apologist for bureaucrats, either generally or in Montana DNRC. But so far as I can see the DNRC met all the time limits that the legislation lays down.

Perhaps we ought to look closer to home if we want to criticise anyone for an avoidable delay.

[cyberbub] 29/10/2014 10:26

It has been pretty frustrating... provincial public-sector bureaucracy often is, in ALL countries... but there's no point looking backwards, 1st Dec is the main important date looking forward...

[the fat controller] 29/10/2014 10:21

superg,
They may say they embrace the investment, but the facts are that they're pretty slow at going about it.
Application in 29th April 2013. 18 months ago. And how much work/consultation was done before then? You don't make the application without a whole lot of work first. Six months?
How long before water starts to flow, following grant of the permit. Six months?
That's two and a half years from start to water flow.
I don't think that is "embracing the oil sector". How long would it take in China?
TFC

[superg1] 29/10/2014 09:45

Sand

I have been having a good read of the local papers, the most common news event seems to be the list of who is currently in the county jail and for what.

The potential Atlantis depot, water permit, and everything else related to that never features, other than the public notice which just gets listed in the classifieds.

It seems the eastern Montana area want to embrace the oil sector, as what we forget is that it generally an area of poverty. They appreciate the extra revenue it creates via tax which they can then use to improve schools and services.

In the relevant area a local project is being discussed to rebuild an old oil refinery to deal with 20,000 bpd of oil, and provide the area with fuel for transport and agriculture.

[mikkydhu] 29/10/2014 08:25

Regarding the frequency of updates, at the last one, on October 6th, IOF said they would typically provide the market with quarterly operational updates. That does not rule out a monthly update if they so choose.

[stevo2011] 29/10/2014 08:06

Good luck with that , deluded !

[arlington chetwynd talbot] 29/10/2014 07:48

Yes good luck too mate. Like you I'd like this significantly lower, might even buy some at under a penny for that old intra-day pre-suspension death-throe swing ;)

[henry9th1] 29/10/2014 06:57

I must point out that 'Mr bear' was a generic term because there appear to be several on this forum, unless you are long on oil comapanies there is little chance of losing any to you. Good luck with your investments.

[arlington chetwynd talbot] 28/10/2014 23:54

Whatever your buy price is henry, you'll get it. Now toddle off and make some money instead of losing it... to me.

[henry9th1] 28/10/2014 22:22

Hey Mr bear can you try a bit harder in talking it down please? Someone keeps buying the damn things and it won't move to my buy in price.

[trav5] 28/10/2014 20:37

Unfortunately I cannot see the share price doing anything positive until IOF inform the market how they are going to monitise the water and demonstrate both higher and consistent iodine production numbers.

[arlington chetwynd talbot] 28/10/2014 20:37

"I think the problem is that some investors are selling due to 'boredom'"

You do? Well Bamber Gascoigne, let me ask you this;

Why would investors ever get bored of being in a good share?

Let me remind you Bamber, this has fallen from 250p and still can't make a single cent of money... according to audited accounts.

Now then clever clogs, investment is about making money.

Go away and think about that and don't do anything silly when you discover the answer... hide sharp objects.

[woodpeckers] 28/10/2014 19:57

ART, it absolutely amazes me that the sperm that created you was bright enough to beat 250million others to it!


I think the problem is that some investors are selling due to 'boredom' as they feel that now that we no longer have monthly updates we will have no news before December as it perhaps makes sense to wait until then to issue the 'Autumn review".

I think they may be surprised. Let's not forget ....

"the design and engineering of the Group's first mobile IOsorb(R) Unit have been completed"

"Mobile plants will also allow the Company to scale up and down plants at operators' facilities as production changes, and can be moved to a new location when needed. All of these benefits will assist Iofina in its continued growth to become the world leader in low cost iodine production within a dynamic industry."

“With the funding raised in April, the Company is in a position to continue to grow iodine production at strategic locations through new plants and through optimization of current plants."

"the Board is excited about the future. "

We are not reliant on any water money to start up mobile units so news that the first one is up and running could come at any time and will be possibly just the first of many game changing RNSs that could arrive at any time.