Iofina Share Discussion Threads

[writz] 07/8/2013 14:39

Thanks, SG.

[bogg1e] 07/8/2013 14:33

pcjoe cheers.

[superg1] 07/8/2013 14:28

Writz

There will be a mix most probably most convenient to the operator.

But you can get high brine ppm form one area and low brine in another, so there will be some swd's in high brine ppm areas and some in low. IOF test them.

That's where the mobile pods are unique. If you get an unusually high ppm well, with brine going to a low overall SWD, you can put a pod on it.

Some SWD's will be getting good bpd at good ppm, io2 was around 270ppm from calculations it seems, on old brine not from the Miss play. I also understand new brine to add to that will come from the Miss play.

Some area's of OK, Texas and California will have very high bpd but lower ppm. Over time I presume with Maxsorb (big plants) mentioned, a combination of 30k plant high ppm will appear. Big plants on high bpd but lower ppm, and pods on very high ppm single wells up to 6/7k bpd.

Then the new potential hydrosorb on extremely high ppm but low bpd single wells.

The extremely high ppm seems to link to low bpd wells, suggesting over the years some sort of water escape and concentration of minerals has been going on.

Ie a 1k bpd 2000ppm well is the same as 10k bpd well at 200ppm.

[rhwillcol] 07/8/2013 14:26

superg1: eg re FJET etc - most of AIM companies are "pie in the sky" - "would you climb on board?" - "risk a crash" - "see the price plummet" - "dive for cover" - it's "plane daft"(sorry, so many bad puns!!) (I'll get me parachute).

[pcjoe] 07/8/2013 14:22

Bog -frackers prefer brine free or very low brine water for fracking - the iof process does not do that at this time. - Maybe in the future or with partner company plant - recycling can be very profitable

[superg1] 07/8/2013 13:44

Another punt theory.

If it's a punt, then why invest. A punt should only be if you are happy to lose the cash. That doesn't demonstrate confidence.

My old line. 'I'd rather miss out, than mess up', hence all the research.

I haven't the foggiest re fjet, it may be a great investment.

[writz] 07/8/2013 13:33

As a matter of interest, SG, do the IO plants simply take a feed off the combined SWD output of all the connected wells, or do they have separate feeds for different wells? You can see where that goes in terms of identifying the higher ppm streams, if indeed there is significant variation over a given plant's catchment area.

[bogg1e] 07/8/2013 13:33

Cheers. Sweet.

This disposed water, is the reused for fracking? If so would IOF have a filter on pre and post injection?

[superg1] 07/8/2013 13:27

It goes up Bog.

But another key point is that IOF tech is located at SWD sites. Those are where brine from many wells goes too, to be disposed of. Each SWD will have a capacity.

E.G. I think from old research the Mid states day 60k bpd can go to each the 5 current SWD's

[worraps] 07/8/2013 13:12

Thanks for L2, digg. You really know how to cheer me up!

[bogg1e] 07/8/2013 12:44

SG,

"Oil rates drop off quickly, brine will keep coming out many years after commercial oil or gas stops."

Thats interesting, my assumption was that oil or gas to brine ratios remained equal over time, so reduced oil/gas equals reduced brine. I guess the brine would be the heaviest component in the liquids available for extraction, so would remain once the floating hydrocarbons are taken off, or is that too simplistic? For that matter are some hydrocarbons so dense that they sink to the bottom of the brine?

[superg1] 07/8/2013 12:39

Bog

Oil rates drop off quickly, brine will keep coming out many years after commercial oil or gas stops.

IOF have mentioned that re some closed in wells in the area, but I doubt it's an option they would go for short term.

Working on my logic again. IF in the future there is a big demand for recycling water in OK. The old spent gas wells full of iodine rich brine, may become of interest in the future.

Logically spent hydrocarbon content wells, would have far less contaminants than active high producers, so costs to clean water would be less.

That's in my logic scrambled brain. Such wells will be on different plays, but often in the same geographical area. So if I was forward thinking in that industry and my logic is anywhere near fact, then I'd go that route.

That thought process could be way off and wrong, but logically it seems to be a fair idea for the future.

[bogg1e] 07/8/2013 12:34

Topped up just under 140p.

[n3tleylucas] 07/8/2013 12:34

Below is a great example of a wholly misleading post, designed to discredit someone who disagrees with the trend. You'll note the emotive language used, the allegations of misconduct and being out of control.

I raise this topic because it's very easy to believe someone who freely trots out such gallery pleasing but damaging rubbish ... question is, what other rubbish is he feeding you? Careful.

[fairenough11] 07/8/2013 12:33

Yep intra day reversal---like it.

[diggulden] 07/8/2013 12:32

Standard 7% intra-day swing for Iofina!

L2 looking a lot stronger now.

[bogg1e] 07/8/2013 12:21

sandbag cheers. I also think one has to be careful with well drop off rates because rates differ per well type. Fracked wells have the fastest drop off of all.

[mikkydhu] 07/8/2013 12:15

Many thanks, sandbag, I guess it's all very quick and easy and no big deal.

[sandbag] 07/8/2013 12:06

mikkydhu,

I'm only guessing but I would expect a simple manifold to be installed to which pipes could be added / removed at will.

an example: showing white pipes from the well feeding into a common header

[rhwillcol] 07/8/2013 12:02

Many thanks for your thoughts SG. You're right - and I'll leave it!!

[mikkydhu] 07/8/2013 11:52

Thank you, Bogg1e.
It is good to have Sam's word, but I would also like to understand the mechanics of it all:
For how long, on average, can one specific well be expected to deliver a constant brine supply? When a switch is needed, do new pipes have to be laid? How long does this take? I presume the oil company pays as it is their waste water that is going into their SWD well via IOF's plant.

[bogg1e] 07/8/2013 11:46

SG, cheers. I didnt know about the iodine ppm drop off, glad to see the concentration levels remain stable for years. I was more thinking about the fact that brine volume drops off fairly significantly once the well comes online. I have a link to the chart i believe noli(?) made me aware of, which shows a volume drop off of about 80% after a year or so. So there is bound to be a see-saw in volume as older wells drop in volume and new wells come online, until there are enough wells to cover capacity.

[superg1] 07/8/2013 11:28

No idea from me Rh. I have seen it mentioned on a few threads but have never looked, lot's of hype.

I like your term punt and that is the big investment decider for me.

I watch some really promising share, and one recently doubled in days. I haven't missed out as such as it would be a punt. IE a low level investment that in real terms doesn't achieve a lot.

That's why many seasoned investors mock the AIM. As they can make far more in one day with serious investment on a small percentage move, than they would be prepared to risk and double on an AIM, so then what is the point.

There are very few AIM's I would go above more than a Punt, so I don't punt and stick to research the promising one's that seem to have solid growth prospects.

Wrong country and no matter how good it looks I won't invest either, just personal choice. I don't know what is in Yemen, but you can imagine watching the news and having investments connected to there.

Each to their own. But a reason why I ignored Centamin. It could be great for investors, with fab returns, but not for me due to where there operation is. I hope PI's there make buckets of cash.

[superg1] 07/8/2013 11:15

Rug

Yes I think Chesa, it fits in with old, banked research.

Chesa are the one's I believe are the one's going the extra mile to attract iof to their sites, by certain additions in their SWD site plans.

IOF are with Sandridge too, who on my last count have 380 wells going in this year with 118 swd's. It may have changed.

Chesa and Sand have 2 million acres in OK and are both getting very active on the Miss play.

As we say it's a growing boom just started, and in a couple of years, another oil boom will be materially adding to the US oil pot.

I see they talk of the Cline Play in Texas too. I have been keeping a casual eye on Northcote. Not invested and know very little, but just simply picked up that they are in OK, but I'm not sure on which plays, as I haven't looked, Osage county I think.

If IOF migrate some plants over Texas way in the future, I'll save you some time re a map, operators, and where to look. No point going that route until IOF do.