Web Site : http://www.iofina.com/

11th April 2008 Note on IOF : Link to web folder click here

Iofina is the holding company of a group of companies involved in the exploration and production of iodine and natural gas which have been discovered on acreages which the Group acquired, or is currently acquiring, in the state of Montana, USA. The Company has named its discovery the Atlantis Prospect. The natural gas co-exists with formation water containing relatively high levels of dissolved iodide. Iodine is a rare element, which the US currently imports to meet growing domestic demand from pharmaceutical and industrial manufacturers. The leases held by the Group give it the right to explore, drill and produce both iodine and natural gas. The Directors believe that the dual revenue streams of iodine and gas, together with the relatively low cost extraction process, will create an attractive business model with substantial strategic value.

Iofina was incorporated on 15 March 2005 in the UK and registered in England and Wales. In January 2006 the Group acquired the entire issued share capital of Iofina Inc. and its wholly owned subsidiary Iofina Natural Gas Inc., each of which is a Colorado corporation, with the objective of becoming a low cost producer of iodine and natural gas. Iofina Chemical Inc., a Colorado corporation, was created as the specialty chemical division of Iofina Inc. in May 2006. The Groups Atlantis Prospect is located between two of the most significant biogenic gas fields in North America, which have so far produced a total of 6.5 Tcf, valued at over US$50 billion at current prices. Since its incorporation the Group has steadily acquired over 30,000 net acre land position in northern Montana, on which a major aquifer containing natural gas has been discovered in the Eagle and Virgelle formations, sedimentary formations of Cretaceous age lying at depths of 1,000 to 1,500 ft below the surface. This unconventional, shallow natural gas resource can only be produced in conjunction with large volumes of formation water, and consequently the industry has previously struggled to commercialise gas discoveries in the area. The formation water is an unusual sodium chloride brine with high concentrations of iodide but relatively low levels of dissolved salts (approximately 6,500 mg/L), and has no contaminants or hydrocarbons other than methane, thereby reducing processing costs. Iofina intends to produce gas along with water, but to also extract the high levels of iodine which the formation water contains.

In addition to its acreage position, the Group currently owns four pilot wells, an iodine processing facility building and the Iofina Express #1 pipeline which ultimately connects into the TransCanada Pipeline, a major transcontinental gas pipeline serving markets in the north-eastern United States.

A busy day away from the screen and with not much post

But on checking this afternoon performance of Iofina noticed she was stragling to stay above 40p, important to hold above the bottom line of the Tram lines, so decide to sell got 38p for a 48% profit on less than 3 days.

I wonder if is going to be a "dead can bounce" for the moment being

Well done Panto..

Daily chart below with trend lines and Fibonacci retracement over the gap.

Down 12% for petes sake.

water right approval Iofina has received approval for its water take off application. Lots of opportunities now and as it's non core they will choose a low capex option Monday will be interesting for the SP.

Thinking on buying but the research and chart doesn't augur too well

Some question being ask frecuently

The chemical formular for lampricide does not include iodine. Is iodine used in the production process?

Lampricide does not contain iodine nor is iodine involved in its manufacture, but it does contain fluorine. Iofina chemical are not just iodine derivatives manufacturers but specialize in halogen chemistry in general with the emphasis on iodine, chlorine and fluorine chemistry, hence the lampricide offering.

From their website:

'Our specialized line of chlorides, fluorides, and iodides meet the highest quality standards, and are backed up with unparalleled service to ensure that you can use them as efficiently and safely as possible.'