Iofina Share Discussion Threads

[lesable] 14/8/2014 08:05

the guidance for August is helped by the fact that we are almost half way through the month and they can see what is being produced now. Looks good to me

[orslega] 14/8/2014 08:01

ammons - LB (and us) had enough of that! It's in the RNS to be beaten good and proper imo.

[rogerbridge] 14/8/2014 07:59

After reading carefully through the rns, it looks as though from August onwards production should ramp up.
IO2 should be receiving less contaminated brine so production will increase with much less maintenance and down time in the future.
Six units will be up and running and fracking easing off.

[briggs1209] 14/8/2014 07:59

hmm, full year guidance was for 400 mt - that leaves them needing approx 50 mT per month from this point forward. Given what has come so far it seems a tall order.

[ammons] 14/8/2014 07:58

40T for August..... I wonder if they will regret that guidance......

[hew] 14/8/2014 07:55

It is the expected August exit rate that counts for me. Over 600 mT pa. Good progress despite July teething problems.

[orslega] 14/8/2014 07:51

....am expecting August to be record production month - 40MT +++ with IO5 and IO6 now up and running; solid progress.

[captain_kurt] 14/8/2014 07:45

$2.7 revenue for July compared with last years revenue for the whole year of $19M is almost doubling of sales. And now we have site upgrades and IO5 and IO6 online.
Starting to get very interesting imo

[briggs1209] 14/8/2014 07:41

A bit of a mixed bag but it does sound like the company is heading in the right direction.

[superg1] 14/8/2014 07:39

ammons

Worse still you have xmas to endure. :-)

[superg1] 14/8/2014 07:36

I will update the header re the various plant comments.

40mt for August with all that disruption looks good.

1.7mt exit rate if carried through Sept hits the 50mt mark.

IO4 'booster pump' so that settles a rumour about a pump to increase brine flow.

The io6 comment captures my attention, 'excited' about it.

That finishes off another rumour about one of io5 or 6 being a decent ppm site far better than 3 to 5.

Oil at io2 has always been an issue and finally Midstates have taken action. It was Iofina that identified to Midstates just how much oil was going down that well.

io2 had been puzzling as while it is the best plant the monthly rates were not reflecting the suggested ppm there.
I understand a few Midstates guys lost their jobs over such matters a few months back and new folk have come in.

With io2 disrupted 25 mt isn't so bad and a bit of a surprise as io2 is a major contributer.

It has always been a great plant but with those changes, as stated it looks like it is going to be a lot better.

So close to that 100mt for the 3 months and they still have inventory.

Going on the forecast, increased brines io4, improved io2, io5 and 6 moving up to speed, 40mt, 1.7 exit rate, we could see 130 to 150 mt for the next 3 months.

It will be interesting to see what the final rate is when they are all purring along.

[ammons] 14/8/2014 07:36

Wonder when we will get news about mobile units? The static plant never seem to get uninterrupted brine flows for so many reasons. Now we head for winter and, no doubt, freezing conditions, bad weather, operator shut ins will cause further interruptions. On top of oil ingress, plant maintenance, electrical outages and unexpected diversion of brine supplies. Oh well, roll on the next update........

[captain_kurt] 14/8/2014 07:31

All heading in the right direction. Dip in July production balanced with record revenue and IO5 and IO6 up and running.
Sept update should be on time if their guidance of 40Mt for August is achieved.

[leeming] 14/8/2014 07:29

Turnover per a/cs tad under $19mn.....$2.7mn for July is quite an uplift.

[wizard2020] 14/8/2014 07:23

Fracking hell!

[1madmarky] 14/8/2014 07:23

Another update showing progress with a bit of forward guidance for August. So they must be reasonably confident. Good news that IO 2 will be getting less oil and 5&6 finally up and running.

[arlington chetwynd talbot] 14/8/2014 07:18

Another cataclysmic update... don't worry, keep buying ;)

[engelo] 14/8/2014 00:34

Boggle: on the website it seems clear to me that IOF are equating Atlantis with their 290,000 acreage. Imo this territory is roughly contiguous but not entirely so. SG and others will know more precisely.

hxxp://www.iofina.com/iofina-natural-gas/the-atlantis-field

Haven't read this section for a bit but imo shows signs of being updated: various facts are stated twice. This sentence is a new version imo:

"The Group has acquired lease rights to produce both iodine, co-produced water and natural gas at the Atlantis Field. To date the Group has acquired approximately c.290,000 acres."

The words 'to date' were not in the old version (which is still there) which implies to me that there may be an ongoing purchase programme.

Other quotes from this section, which I'd like some help to interpret:

"The Company estimates that as much as 1.8 Tcf OGIP of natural gas exists in the Atlantis Field"

"6.5 Tcf, valued at over US$50 billion at current prices"

Before I get carried away, what's the ratio between the value of OGIP (original gas in place) and 'produced' gas? If say 10:1 that's still apparently $1 bn on these figs.

[bogg1e] 13/8/2014 22:42

Couple of quick questions:

1) Government Lampricide contract, worth $4-5 million per year. Do we know if this figure, quoted at the agm, is a gross income figure or the net profit margin?

2) When sg talks of the atlantis asset and also makes reference to Iofinas acreage, under which there is oil, gas etc, are they one and the same thing? Or is the atlantis asset seperate to other areas that IOF have leased? Thanks

[orslega] 13/8/2014 15:55

her timing could be very good - woman's intuition and all that!

[rogerbridge] 13/8/2014 14:52

A rush of blood to the wife's head. She has just topped up her NISA with 3000.
She believes we may have a decent rns this week. Well that's that's blown it then.

[rhwillcoll] 13/8/2014 14:33

freshvoice: looks to me as if a seller is nearly done, hence more spaced out sells, rather than rollovers (?). Looks like a persistent AT buyer, determined to get stock. Matched buys to sells as stock becomes available?

[freshvoice] 13/8/2014 14:32

Those are a BOT getting average price for the day. I am talking about pairs of trades almost the same time and same volume. E.g. 10,000 followed by another 10,000. Usually rollovers but seem a lot over last two days.

[awolagain] 13/8/2014 14:26

What I don't get is large volumes of 230/240 over the last few days and again today??