Iofina Share Discussion Threads

[pcjoe] 14/6/2013 00:41

Rug - Posted that link without having the time to go through it - Interesting re the Forest Dorn mention - CEO ?!! - Most likely to be a mistake but time & the AGM may tell - That conference looks like a who`s who of the local O&G players in our Iodine extraction neck of the woods - No surprise re IOF`s involvement at the conference & likely nothing much under the radar re their local major influence on all things produced H2O disposal related matters - Iochem dont appear to have been invited?.........

[johncsimpson] 14/6/2013 00:03

Seems I'm well behind with the news (post 475 above). Lots of info on the IGAS thread where the same point that I made in the above post has already been made.

This from today's Times:

The shale gas explorer Cuadrilla Resources, backed by Lord Browne of Madingley, hailed its £160 million deal with Centrica as a vote of confidence in the controversial new energy source.

The company said yesterday that the owner of British Gas had bought a 25 per cent stake in its onshore field, which is estimated to hold at least 200 trillion cubic feet of gas.

Francis Egan, the Cuadrilla chief executive, said that the presence of the UK's biggest gas company would help it to move into production. "Centrica brings its expertise," he said. "It does have a household name. It's a major boost for shale gas in the UK and a vote of confidence."

Centrica has paid £40 million upfront for the stake and is also paying the £60 million cost to drill six more appraisal wells on the block, covering 450 square miles between Blackpool and Preston. The company will pay an additional £60 million if the block is developed. George Osborne signalled his support for the investment yesterday, tweeting that shale gas was "a key part of the future energy mix and could lead to lower bills."

Cuadrilla has yet to evaluate properly the scale of its shale gas resources and, crucially, how much it will be able to recover. When the company began fracking two years ago it triggered a series of tremors that led to a national moratorium on the practice. The Government lifted the ban last December and the company expects to get the go-ahead from the Environment Agency to resume fracking this month.

Mark Hanafin, the managing director of Centrica's international upstream business, said: "With North Sea gas reserves declining and the UK becoming more dependent on imported gas supplies, it is important that we look for opportunities to develop domestic gas resources, to provide affordable sources of gas to our customers, and to deliver broader economic benefits to the UK."

Citigroup analysts described the deal as "strategically sensible" for Centrica. It gives the company a foothold on Britain's shale gas resources, which could prove to be a significant source of supply for its 16 million customers.

...........................

I should also point out that unlike Cuadrilla, IGas owns all of it's acreage and it's current share price is largely supported by already proven resources and existing production.

[gadolinium] 13/6/2013 23:29

Super,
Exactly, I think the decreased need for brine pretreatment and the advantageous effect of elevated brine temperature in the Iosorb process is entirely consistent with some sort of preliminary air stripping step.

I think the original wet chemical process probably used carbon filters or ion exchange resins as per the Charles Schneider and Thomas Becker patents we have seen. Such filters would be susceptible to deactivation by contaminants in the black, contaminated oil brines being processed.
Arysta also used carbon filters in their failed process (see their WO2010033945 application).

[madchick] 13/6/2013 23:21

They have room for 110 at the AGM and I guess there is standing space in addition. Not sure if other rooms there are free if they need to expand beyond that, but I would think it is probably large enough (famous last words).

[hitsha3] 13/6/2013 23:20

Thanks SG for youre feed back.

[johncsimpson] 13/6/2013 23:04

I mentioned IGas about a fortnight ago (price then 104) and subsequently suggested the price would retrace to fill a gap 97 which it did.

Late this afternoon I picked up on a report in the Liverpool Post noting Centrica had taken a £40m stake in Cuadrilla. It's since been reported as £140m (or £160m depending on where you look) and was on the 10 o'clock news this evening. (A Google search comes up with the same basic story although the precise detail seems less clear. But some sort of deal has been struck and no doubt will be clarified overnight).

I'll be watching how this impacts on IGas tomorrow but those of you looking for a 'no brainer' to put alongside IOF could do a lot worse than do some research here (IGAS that is) – IMHO.

[superg1] 13/6/2013 23:04

hit

The patent could be any day including near term.

They say Q3 for the water permit, there could be tweaks, but imo opinion the water side of the business will come.

The water rights app is a different, matter to the water rights swap which sits there as back up or additional extraction. So one way or another it's happening.

[cool hand kev] 13/6/2013 22:58

QFI maybe worth a look

[hitsha3] 13/6/2013 22:49

Get out before i lose my shirt.

[hitsha3] 13/6/2013 22:47

Today i purchased some more of IOF, and i am out of GDL now.

[uriney] 13/6/2013 22:45

I wonder how many plan on attending this years AGM and are IOF prepared for the numbers, if I remember correctly last year there were hardly enough attendees to fill a decent sized people carrier, me thinks this year will be different. I'm arriving on the 18th so as to avoid busting a blood vessel if BA delayed my flight on the day. I look forward to leaving my day job behind and slipping into the investment world that is IOFINA!

Uriney

[hitsha3] 13/6/2013 22:45

SG, when are we going to get paptent granted and water permits?

[superg1] 13/6/2013 22:35

There is nothing like IOF that I am aware of, with such big 'mappable; growth potential.

Iof used the mappable word and is is very relevant, It is easy with IOF (assuming delivery) to get some idea of profit potential, instead of trying to guess what the uptake would be on their product and timelines.

Yes there is one for next year that should multiply 3 to 5 fold imo, depending on what price it ends up at this year.

A few hurdles to jump first, and a few of us are tracking progress.

There will always be a few that fly on momentum, but I like momentum to be backed up with solid evidence of revenue potential, not guesswork.

I've only been investing for 4 years, but have 26 years of direct experience of sorting facts from BS. It seems to fit well for the finance markets. But I was was expecting 90% fact and 10% BS, not the other way around.

Scruts made contact early on, and told me never to trust a tip sheet, or analyst buy note, he is so right.

[uriney] 13/6/2013 22:30

Scrutable,

CMC Markets are no better than IG Index and in some ways I would say "from the frying pan into the fire". I don't believe they currently offer AIM spread betting unless things have changed in the very recent past.

Uriney

[scrutable] 13/6/2013 22:21

librarian

you are too indulgent towards the spread betting companies. They don't deserve it. Some are close to criminality. With the exception of Spreadex, and CMC, which I am currently investigating and gives me hope, most are focused not on providing service but on exploiting the slyly constructed small print of Terms and Conditions. These they use to close down positions or manipulate Stops and Spikes to help themselves in a manner neither agreed nor predictable, to the assets you entrust to them.

I have tried out several over the last 14 years, almost since SB began. Many operate under 'white label' cover subcontracting the risk and Terms mostly to IGIndex, but also to Capital Spreads, Saxo Bank, Spreadco, ETX etc,so there is less choice than it seems.

SB companies are not satisfactorily regulated or aligned with common principles and each operate under different sets of rules. This leads to assumptions about how a new account will work out, then inevitably to disappointments.

Why nevertheless do I use them?

Because they suit someone in a hurry to enlarge (or lose) their capital, can tolerate the increased risk, and believes that it is possible to avoid the bad ones, and evade the pitfalls amongst even the good ones.

[pjrobins] 13/6/2013 22:10

Superg are you invested elsewhere or have another share that you are looking at as a contender for IOF?

[superg1] 13/6/2013 22:08

Angel of the North. I saw your post about claiming about having a go at me earlier in the week. I had no idea you had done so. You need to be more offensive next time and with repeated posts so that I can remember lol. No-one should ever need to apologise for an opinion, so good call.

I can't get off the Q dot subject for now, as it's puzzling how QMC in the US with cadmium free, and similar claims about able to get to industrial production has a fraction of the MC of Nano. Yes Nano have a deal with Dow but it will take time to have end products in the market and years to profits

There is a right old spat on QMC threads, about the tech (QD) not going to be that big.

Just sharing the info as I know some IOF guys are in that one. I think QD's are mentioned for lighting, but I noticed this new tech which may or may not scupper that part of the market for Qd's.



If someone with more knowledge on Nano could point to solid ways of calculating potential profit, it would help.

There is that unknown factor of how much the royalty reductions (for facility set up costs) would be, and the length of time that reduction would run for.

[superg1] 13/6/2013 21:57

Gad

Thanks for the link.

One of the big step changes for IOF is the lack of a need of pre treatment.

If you check the early days they had problems with pre stage tech clogging up etc. This tech just has the 'neat' brines pumped in, with a lot less chemicals needed.

Forest only has 30 years in oil and gas from 'go'fer' to land man, and all the way up to the top, so he knows a thing or two about the industry.

Worth a mention of who they have which many missed with Lance being such a front man.

Mr. Dorn brings over thirty (30) years of broad oil and gas experience to Iofina. Prior to Mr. Dorn's appointment he was a Member/Manger of Avanti Exploration, LLC since 2004. Mr. Dorn began his career with Forest Oil Corporation (NYSE: FST US$3.12 bn cap) as a scout in Midland, Texas in 1977. He later became a landman in Midland, and in 1980 became Assistant Division Manager of the Company's MAFLA (Mississippi, Alabama and Florida) Division located in Jackson, Mississippi. In 1984 he was appointed Assistant Division Manager of the Company's Southern Division located in Lafayette, Louisiana. In 1990 he assumed the position in Denver of Division Manager - Onshore Division, and was appointed a Vice President of the Company in 1991, General Business Manager in December 1993, and Senior Vice President of the Gulf Coast Region in 1996, and Senior Vice President Corporate Services in 2000 until his departure in 2004. Mr. Dorn holds a Liberal Arts Degree from the University of Arizona in Tucson where he graduated in 1977.

Dr. Thomas M. Becker, President of Iofina Chemical, Inc.

Dr. Becker was the former vice president of Research and Development at H&S/Iofina Chemical. Iofina bought H&S in July 2009. Dr. Becker has conducted extensive research in both inorganic and organic halogen based chemistry. Dr. Becker has written a magnitude of published technical papers in his career. Prior to H&S Dr. Becker worked as a Oak Ridge Scholar on behalf of the US EPA and for various other chemical manufacturing companies. Dr. Becker earned a BS in Chemistry from Indiana University, and a PhD in Chemistry from the University of Cincinnati. He has extensive experience in scale-up of chemical processes from laboratory to pilot to full scale production and is the inventor on several chemical patents/patent applications.

Dr Khalev

The Board is pleased to announce the appointment of Dr. Igor Khalev as Vice
President of Engineering and Iodine production for Iofina Natural Gas. Dr.
Khalev joins with over 23 years' experience working as a Director of Corporate
Engineering for Troy Corporation, a specialty chemical producer and one of the
largest iodine end users in the US.



Throughout his career, Dr. Khalev has put into operation five new chemical
plants and one microbiological plant, as well as being responsible for
numerous modifications and improvements to existing facilities with a focus on
iodine based chemicals. From 1997-2000, Dr. Khalev engineered, built, and
oversaw the commission of a new iodine extraction plant with a capacity of 500
metric tons per year in Krasnodar region of Russia.

[pjrobins] 13/6/2013 21:41

Superg1 and Scrutable fantastic posts from you guys and a world of knowledge. I also follow CR's posts and am intrigued. How long have you guys been investing for?

[the librarian] 13/6/2013 21:14

I agree, not enough on the board at the moment and they need to build it up again, fortunately there are two presidents ideally positioned to keep it ticking over nicely.

[matrixtrader] 13/6/2013 21:06

yea i was just looking at that but i am pretty sure that they not looking at him for Group Ceo role at the mo. on the board they still name him as Ceo and president of resources and becker for chemical and then they need a group ceo!