Iofina Share Discussion Threads

[supreme mo] 07/8/2013 21:02

Sirocco results Aug 15th - there is also dial in to a conference call.It's a Canadian number so call will cost a bit to dial in... or dial from the Librarian's house ;-)http://www.sys-con.com/node/2753202

[ramsey11] 07/8/2013 20:32

Old tetley the 40 year old virgin is havin a shocker at the moment with sxx and bem....

[escapetohome] 07/8/2013 19:53

Any sign of Anger taxes or his son - then we would know if a new ceo found.

[angel of the north] 07/8/2013 19:44

"Usually appears with its' twin" is perfect English grammar written by a well educated ex Grammar school pupil....an 'Old Bedan'.
Now....if the cap fits....!

[diggulden] 07/8/2013 19:40

I think he was referring to the business being at different stages in different areas. He didn't mean states as in U.S. states.

'Core fundamental technology - very advanced
Adapted technology - still much learning on sites as investments go in
Full business mode - embryonic'

[superg1] 07/8/2013 19:37

Bag

Not me.

Your post included-:

'That would be music to my ears as the business seems to be in 3 states:'

So just updating you that it is in 5 not 3. OK is just the starting point. I think they said they will concentrate on two to start, which will be OK and Texas.

That is the good ppm's combined with the efficiencies of geographically keeping it all together in the early days.

[baguette] 07/8/2013 19:29

SG think you have gone on a wobble and answering things I did not ask - join the bonkers brigade !

[superg1] 07/8/2013 19:21

Bag

It's a battle of the biggest shale deposits in the US. Currently the Bakken is second in production to Texas. Obviosly the new 3 forks discovery will move things along there some more

We know of the up and coming Miss play, but the Miss has had other brine in action rich in iodine for years.

Then there is-:

California the Monterey

Running from Los Angeles to San Francisco, California's Monterey Shale is thought to contain more oil than North Dakota's Bakken and Texas's Eagle Ford -- both scenes of an oil boom that's created thousands of jobs and boosted U.S. oil production to the highest rate in over a decade.

Texas. The Cline

"The information coming out on the Cline shale indicates up to 30 billion barrels of recoverable oil, which is substantially larger than other large plays," said Dr. M Ray Perryman, head of the Texas-based economic and financial analysis firm The Perryman Group.


Oil does not necessarily mean high ppm re iodine, but there are many locations of commercial iodine across the US. OK just happens to be the nugget.

The contracts with the main players, and now the patent, more or less gives IOF a free run of the brine out there.

[superg1] 07/8/2013 19:00

Bag

5 states.

Montana, Oklahoma, Texas, California and Wyoming.

I found IOF registered in Utah many months back, after searching every US gov site. That registration was just for employee tax as area's then under consideration were near the Utah border.

The attraction of OK as the early interest is the high ppm's.

California I believe has locations of 250k bpd plus but lower ppm than OK.

Plants of such size, if ever considered, would surely be down the road

[n3tleylucas] 07/8/2013 18:45

"Usually appears with its' twin?"

Why the apostrophe?

I'll have you know I post here on good days and bad days. Consistent.

This stock interests me, I like its moves, no apostrophe, see?

Other bears do frequent this thread, it's all good my friend, all good, apostrophe used, see?





You've learnt a thing or two today. Gratis.

Let the good times roll baby!

[pcjoe] 07/8/2013 18:42

Maca - Some more contradictions re your points of view as stated above, including your statements here

a)"One has to remember that the horizontal wells are designed to contact the hydrocarbon layer as efficiently as possible, and leave as much of the water in the ground as possible. If the oil was in a highly permeable strata it would have been excavated long ago - remember there are over 14000 oilwells historically targeting this area."

- Not so it would seem

b)"Conventional vertical wells contact large permeable reservoirs and keep producing for decades (usuully with an ever increasing water cut) horizontal wells contact lenses of liquids left behind, in this case in the top 18 metres of the miss lime. If they produce too much water that is generally a sign that the well or frack design is wrong."

- Not so it would seem

c)"although there can admittedly be exceptions due to unintended contact with the chat."

- The chat is actively sought out for many wells it would seem


My internet source ( The Oil & Gas Journal) -


"Operators such as Chesapeake and Sandridge kicked off the play in 2009, mostly in the northern part of the state in Woods, Garfield, and Alfalfa counties. For this portion of the play, the production comes primarily from the "chat," which is not a geological term but jargon used to describe the highly porous, water-bearing zone of reworked tripolyte that was redeposited on top of the solid member of the Mississippian and is represented by an average porosity of about 30%. These wells typically come in half gas and half oil for the first week of production with a 90% water cut. "Even if you're producing 5,000 to 6,000 b/d of water with a with a 10% oil cut, that's 500 to 600 b/d of oil and that's not a bad well," Bradford said."

source - hxxp://www.ogj.com/articles/uogr/print/volume-1/issue-1/miss-lime/unconventional-technology-renews.html



Maca you may be right & they may be wrong - Time will tell IMHO

[baguette] 07/8/2013 18:35

Sorry not looking back on the posts now but someone earlier SG? mentioned CEO and CFO. Was that just a hope or is there any sniff of knowing ?.

That would be music to my ears as the business seems to be in 3 states:

Core fundamental technology - very advanced
Adapted technology - still much learning on sites as investments go in
Full business mode - embryonic

This is shaping up to be a very valuable and complex business both Nationally and Internationally. A CFO is absolutely necessary a.s.a.p. and the markets would just love to see one in place.

Even in todays value it is capitalised at £180m so if it gets to £4 thats over £1/2 billion.

[pcjoe] 07/8/2013 18:07

I think flexibilty combined with a fair degree of mobilty is going to be required to max output from the huge quantity of high Iodine brine now beginning to be generated - IOF seem to be well aware of this as they now appear to have at least 4 different types of plant either being rolled out or in the pipeline to suit most conditions - Iodine at circa 50 - 60K a tonne is a great prize to go fishing for especially when you have sole rights to the "lake" - No poachers on the horizon yet & short shrift for them when or if they turn up

Not sure re all your facts Maca - For instance I read an article suggesting that lots of produced water showing at a new well is an excellent sign of potential hydrocarbon deposits - There are articles and comments being made that suggest produced water levels hold up well & others that suggest that they decline at a similar rate to Hydrocarbons

Probably too early to tell & possibly both right, but no denying the quantity available to process - Just have to "match the hatch" & adapt to the conditions as the fly fishermen say

[superg1] 07/8/2013 17:37

Pc

On that basis, if IOF's land becomes busy re drilling on the coming years, that is a scarce water area too, so they could simply use the Atlantis water for fracking, which is much cleaner than your average produced water.

Interesting for the future.

[superg1] 07/8/2013 17:34

Using produced water for fracking... great.

Normally fresh water is used which post well completion means about 2 weeks of flowback with no iodine, but obviously produced water has iodine in it, so if it's iodine rich brine potentially going in, it's iodine rich coming back out from day one.

Obviously in low iodine area's it's not of interest anyway.

[pcjoe] 07/8/2013 16:57

Maca - there does seem to be a move to using more produced water in fracking - Althought brackish water instead of the heavily brined variety seems preferred - mixing of both going on - Good for the environment in Dry areas like Texas & Oklahoma but use conditional on quality of produced water coming up & thats different in every area -

hxxp://www.texastribune.org/2013/03/28/brackish-water-fracking-rising-amid-challenges/

The use of produced water should not affect the quantity heading Iofinas way via the local SWD at all - In fact if the flowback water initially expelled after fracking is reused local produced water then it will obviously contain more iodine than imported fresh - IOF plant can get going on it right away

[angel of the north] 07/8/2013 16:28

Usually appears with its' twin?

[freelance] 07/8/2013 16:22

Interesting how this character Shonny only appears like a bad penny when Ennismore are shorting!

[maca1212] 07/8/2013 15:20

SG,

Impressive quantities, but not brine from the miss lime I think (or at least not from the rather small part of it that hosts iodine rich brines in northwestern OK).

Midstates boe/d rose only 10% (if that) in the miss lime from q1 to q2, the fact is that the decline rate (60% down over the first 12 months, possibly more) on the producing wells imposes a natural limit on the 'increase' in production.

With circa 85 wells producing, midstates are now running harder and harder with progressively smaller % gains in production - there are compensatory factors but Q2 only 10.4Kboe/d average vs 9.5Kboe/d in q1.

If the decline rate in brine matches that of liquid hydrocarbons the same thing will be happening there.

Conventional vertical wells contact large permeable reservoirs and keep producing for decades (usuully with an ever increasing water cut) horizontal wells contact lenses of liquids left behind, in this case in the top 18 metres of the miss lime. If they produce too much water that is generally a sign that the well or frack design is wrong.

M

[superg1] 07/8/2013 15:03

Some SWDs have been going for may years. As the Miss boom expands the BPD going down wells will grow.

From 2007 data they were 1.2 Billion b per year or so, going down SWd's in the OK area.

That's around 3.3 million bpd but that will grow rapidly. Some will have very little ppm some will have lot's.

The water cuts can be 9/10 times the oil production. The Miss play is one of the highest for that ratio anywhere.

Longhurst 1 near io2 (A new well), started off at 3k b of oil per day, I presume a decent amount of brine comes up with that too.

Texas and OK, I believe have more than half of all produced brine.

[maca1212] 07/8/2013 14:53

pcjoe,

According to midstates their frack mix is now 95% produced water, you should listen to the q2 2013 update webcast.

(Of course now that I've said this I am wondering how long it will be before we get an RNS from IOF claiming to have delivered this benefit!!)

M