Iofina Share Discussion Threads

[dcgray21] 23/6/2014 19:25

Napoleon - Lance was at pains at the AGM to state IOF was profitable now and he was 100% focused on growing that bottom line . All very positive .

[napoleon 14th] 23/6/2014 19:10

I'm content to just leave Lance to get this back on track.
IOF got wasted when he was caught ill, & I don't agree with
picking the situation to bits any more than with last year's hype-spike.

It'll take time - the rest of this year? - to put IOF on an even & profitable
keel, so too much news might be worse by far. After that, IMO it's a winner.

[malachey] 23/6/2014 17:26

I thought that exchange between Naphar and Netley was interesting and informative. There is a difference between that kind of exchange and the 'boo hiss' jeering and slanging matches that really do clog up the board (from both sides). I took everyone off filter some time ago, as I realised it is unwise to voluntarily wear blinkers. I trust myself to separate the sense from the nonsense as I read. Keep it up Naphar - you answered all his arguments with an even intelligence.

[cyberbub] 23/6/2014 15:48

Fresh, people were strongly agreeing with your implication that Netters is a severe pain in the a*se! As he deliberately sets out to be, of course... which is why he's best filtered...

[freshvoicem] 23/6/2014 11:59

Wow,
Don't know what I said to get so many ticks, sorry if I accidentally agreed with something the trolls said.

[n3tleylucas] 23/6/2014 00:47

...and your 19 ticks are why I post.

[freshvoicem] 22/6/2014 17:49

Naphar
You really are encouraging him, don't know what he is saying but he must have even more aliases the number of thumbs up he is getting?

[naphar] 22/6/2014 16:49

I agree it is important. It is established though. It is growing, at least in terms of volume, if not revenue, and much of that comes down to iodine price. Now they are pretty much self sufficient, which can only be good news for profit levels, and even better news if iodine prices firm up. But I don't need more updates than the official figures, and in UK they are only required twice a year. I'd love them to release quarterly earnings but I just cannot see it happening and it's not actually necessary. Would be nice to hear more about how chems is doing though.

[n3tleylucas] 22/6/2014 15:57

That was a good reply naph.

What makes this different from an AIM O&G is that this has a well established manufacturing company that sells its wares onto distributors.

These updates ignore that side, and it's important.

[naphar] 22/6/2014 15:45

Not especially Netters no. We'll get interims soon enough. Until then I am happy to see improving production to give me an idea of where we are. I am not expecting the interims to set the world alight anyway. After a couple of years of expecting the second half to show some dramatic improvement, I think this year could finally be it. Time will tell.

I still don't really understand your argument. Take oil companies like Nighthawk, regular production updates and news on well performance, they don't give financial details either. Let's not pretend that iof are alone in that.

[n3tleylucas] 22/6/2014 12:58

Your reply is initially sounding plausible naph, but it's defensively weak and doesn't tackle my main allegation.

What good are astonishingly detailed monthly production numbers when we have no context of sales, margins and profits? It becomes a ludicrous tool and I'd argue it's not just misleading, it's actually quite damaging to credibility.

After all, wouldn't you just prefer normal results with associated updates beforehand that include production, sales and profit estimates that most proper quoted businesses provide as a matter of market accountability, openness & honesty?

[naphar] 22/6/2014 12:43

I disagree Netters.

We have known the sales numbers, we get them twice a year in results announcements. We had no idea what production had been so assumed it was all going swimmingly (well some of us). Now we know what output is. At these levels we know most must be being used internally and some small amounts may be sold externally. Once we are making enough the external sales become important. When we start signing supply agreements I believe that will be announced - although I doubt they will give the sales value, that's commercially sensitive. Then we will get sales numbers every half year. I would love to get quarterly revenue statements, but they have no legal obligation to do so.

[n3tleylucas] 22/6/2014 01:21

The problem I have with this company is it continually misleads the market by updating production figures whilst avoiding sales figures. AIM should have by now got a grip on this con and hauled IOF over the coals.

All too specific on what we regard as unnecessary and silent on what we need to know.

IOF must update sales and give profit guidance with updates and stop misleading the market.

[superg1] 21/6/2014 23:22

SWD's work as the level concerned is depressurised, the way it was described to me was that they suck in the waste brine. Producing wells are under pressure that's how I believe it all works, so to extract from a SWD may not be that simple.

That's not a point to worry about though as Deepwater chem, Woodford and co have been going 25 and 35 years plus, on the levels they are on.

Iodine extraction began in the US (brines) in 1928 by Dow chemical, that was in California.

Deepwater chemicals one of the current producers taken over by Toyota, started in 1932.

There is no need for SWD exploration at this point or for some decades yet imo, the mississippi play has only just begun.

[1madmarky] 21/6/2014 21:51

To extract from a SWD well, I would have thought that we would be liable for any spillage that occurs while we are there and possibly post our departure. We would also have to take it from one and squirt it down another. Else we would be processing the same brine. This is definitely for some time in the distant future IMHO

[naphar] 21/6/2014 20:13

Engelo
while iof may be looking to buy some old SWDs to extract the brine for processing, they are still signing up working SWDs with brine being put into them, and the mobiles will work like the current IO plants from that perspective . They will process brine from oilies that is about to be pumped down the well. Since we already have such locations signed up, I think it more likely the first few mobiles will be on such sites, especially as we already have 2 sites ready to go waiting for the plant when ordered.

[engelo] 21/6/2014 20:02

Afterthought wonder if SWDs have ever been extracted from before? EG don't know if porosity of rock would hold back extraction rates. Don't doubt the tech once at ground level, but this aspect needs to be proved imo.

[engelo] 21/6/2014 19:58

Boggle (22311) you've hit it there imo. SWDs will hold years' worth of brine per well, and often multiple wells, almost by definition. Mobiles !! the name is a distraction and they will sit on these SWDs undisturbed for a very long time.

Can visualise multiple mobiles for the best SWDs. Presumably just need to pump out at higher volume.

Never been quite sure of this (depends on depth) but believe SWDs are generally high temperature (pcjoe a while back said 'think centre of the earth') which is always good for chemical reactions and so productivity.

This is a massive jump in IOF's potential imo, and while agreeing demand has to be tied in, I'm very much looking forward to seeing the first one ticking over.

[diggulden] 21/6/2014 18:16

Time my bear friend, time.

Come back in 12 months, then we'll chat.

[n3tleylucas] 21/6/2014 16:45

Given all the advantages this seems to have, isn't it a bit odd it can still not make any money?

[garfield31] 21/6/2014 16:33

Just started to look through some accumulated investment magazines. One is IC for October 2010. Has piece on IOF. It says "Our recommendation to buy the shares (66p 5th June 2009)has proved ill-timed and, although end markets remain significant, the company's development has been slower than we had hoped for." The price then was 26p. Mentions hopes could provide new water source. Been a lot of progress since then but general comments could apply as well now as then.

[bogg1e] 21/6/2014 15:12

Bobsworth, sg cheers. Thats a lot of future iodine extraction potential in the swds then. Excellent. It helps to futureproof IOF in cases of brine disruption, well closures etc and i take it these swds can hold vast amount of brine. How long does it take to fill an swd? Could an swd hold years worth of brine output from a well or wells? Ive always assume so because swds are old wells right so probably took years to deplete to begin with.

[superg1] 21/6/2014 12:32

Iofina leases and the names they are recorded under, details below.

The first point is that leases blocks are 1 square mile then each numbered area will have 36 blocks in it for 36 square miles.

EG in the details you will see you get references like 33N 9E 1 that relates to brainstorm energy

34N 9E 28 is where the Weil 1 Helium well is located.

The numbers read to left to right as normal, so 8 is west of 9 etc, the same goes for North/South the higher the number the further north it is.

Now have a look at this



IOF's map area covers from around 33 north to 37 north where it hits the Canadian border, so put in those references. Then put in 8 east to 14 east as covering the eastern area, captures wells listed in Hill county under IOF and wells known to be theirs.

Then click search

Note as you go down you hit a block under 8E and 9E registered to CSG partners lease dates 12th June 2021 for expiry.

As you continue down you will see CSG partners lease blocks right next to Iofina registered blocks where the IOF wells are. The lease expiry date stays the same.

The odd block (same date) shows Hanna Oil, Three forks reserves and CSG partners continues throughout the list which is the area highlighted on IOF's website.

The date factor 12/6/2021 suggest all those mentioned are in fact IOF leases, and thus they surround Brainstorm energy. I have no doubt at all re the proximity as I covered the point in questions over a year ago.

Switch the search to 15 east to 18 east and it starts to break up, but then CSG partners 12/6/2021 appears once more going into Blaine county, but then you get Willis oil, Northwestern corp and comet ridge appearing on the same date.


Going back to the west and liberty county, even further west of Brainstorm in the 6 east range those IOF looking related leases are still there, CSG, Hanna oil.

Then the next block over Cresecent point appear on leases, this time same day and month (12/6) but 2015.

Crescent point are not in Montana going by their website, they obviously were at some point.

An important factor in all the leases is the notprd trigger which shows on all IOF leases, obviously because currently no drilling has gone on.

So for that reason IOF have the Brainstorm energy area completely surrounds and all the way up the east side of the Sweetgrass arch which is the key to the helium.

It seems they have acreage mainly in Hill county but are in both Liberty county, and to a smaller degree Blaine county. Blaine county is where Montana exploration have encountered 'live oil', still waiting for further news on that.

If I continue on with Crescent point 12/6/2015 it heads off into Toole county.

Fun and games on leases. Such lease details tend to have a poor update record, so it's hard to tell how up to date they currently are.

If IOF have the rumoured 300k acres you will need to find around 500 entries re leases held as some are part of block holdings. Good luck if you want to try it.