PapalPower
- 09 May 2008 07:13


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.
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- 09 May 2008 07:14
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http://www.investegate.co.uk/Article.aspx?id=200805090700590463U
Iofina PLC
09 May 2008
Iofina plc
('Iofina' or 'the Company')
Placing and Admission to AIM
Iofina today announces the admission ('Admission') of its ordinary shares to
trading on the London Stock Exchange's AIM Market ('AIM') under the ticker: IOF.
The Company has raised over 15.1 million in a placing of ordinary shares of 1
pence ('Ordinary Shares') at a placing price of 55 pence per ordinary share
('Placing Price'). The market capitalisation of the Company at the Placing Price is approximately 51.6 million.
Highlights
- Iofina is involved in the exploration and production of both iodine
and natural gas which have been discovered on acreages which the Group has
acquired, and is currently acquiring, which the Company has named the Atlantis
Prospect. The Atlantis Prospect is located in the state of Montana, USA.
- The presence of both iodine and natural gas allows the Group to
generate dual revenue streams over a single cost structure. The dual revenue
approach has worked successfully in the Mobara field in Japan which has been
producing iodine and natural gas for over the past 50 years
- Iodine is a rare element which has resulted in the US and Western
Europe becoming major net importers to meet growing demands from pharmaceutical
and industrial manufacturers.
- The Company plans to market its iodine to the largest commercial
customers in the US and Europe including the pharmaceutical industry and the
dairy industry. Uses include pharmaceutical manufacturing, LCD screen
manufacturing, medical X-ray contrast media, human and animal consumption,
pesticides and biocides.
- The Group's proprietary Wellhead Extraction Technology(TM) (WET(TM))
method will allow low cost production metrics and high operational efficiencies
compared to other large gas/iodine fields in Mobara, Japan and Oklahoma, USA.
- The Directors believe that Iofina's low cost development strategy and its dual revenue streams are expected to provide both excellent margins and
reduced revenue volatility since the two product streams relate to separate
unrelated market conditions.
The Group intends to become a leading global iodine producer and the largest
single producer of iodine in North America within five years.
PapalPower
- 09 May 2008 11:37
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http://www.smallcapnews.co.uk/article/Iofina_pulls_of_AIM_IPO_cash_raising_despite_marke/4999.aspx
Iofina pulls of AIM IPO cash raising despite market conditions
US natural resources explorer Iofina cast aside concerns over depressed IPO conditions today and pulled off a simultaneous AIM listing and fundraising of 15.1 million.
The move comes at a time when many companies are putting off plans to raise money as investors shy away from junior stocks.
Iofina raised the cash by placing ordinary shares of 1 pence at a placing price of 55 pence per ordinary share. That gives the company a market capitalisation of around 51.6 million.
Iofina is involved in the exploration and production of both iodine and natural gas which have been discovered on acreages which the group is in the process of buying up in the US state of Montana.
The presence of both iodine and natural gas allows the group to generate dual revenue streams over a single cost structure.
Strand Partners Ltd is nominated adviser to the company and Mirabaud Securities Ltd is broker.
Friday, May 09, 2008
Sir Dominic
- 10 May 2008 07:46
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PapalPower if you can, what made you think that this company is worth your interest?
PapalPower
- 10 May 2008 08:38
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Its different, which makes it attractive in that its something new to learn about. I have no position here, just observing and looking at the moment.
PapalPower
- 10 May 2008 12:51
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From uk-analyst.com market wrap :
Iofina (IOF), a company set to extract and produce natural gas and iodine made its AIM debut and surged from 55p to 70p. The company has net cash of 15 million and aims to be cash generative within months
Toya
- 10 May 2008 19:00
- 11 of 169
Also mentioned in today's Times:
"Iofina, Americas only independent producer of iodine, which can be used in nonozone depleting aerosols, gained 15p from its 55p float price on its first day of AIM trading."
PapalPower
- 15 May 2008 03:39
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11th April 2008 Note on IOF :
Link to web folder click here
PapalPower
- 19 May 2008 03:08
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Sunday Telegraph tip:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/18/cxquest118.xml
Iofina
66.5p
Questor says Buy
When it comes to the commodities boom, most of the attention is focused on metals, but a new entrant to the Aim junior market is shining a light on a somewhat different element: iodine. This is used in LCD displays, cosmetics, X-rays, sanitisers, photography, pharmaceuticals and a host of other applications. Demand is running at 27,000 metric tonnes a year and growing at 1,500 tonnes annually.
Yet the element is relatively rare, being found mostly in Chile and Japan, and the price has shot up - to around $28 a kilo - along with those of other commodities. It can be found in and extracted by electrolysis from the brine water that often occurs alongside natural gas fields. Iofina has just raised around $30m through its flotation, which will fund development of a 50,000-acre project in the American state of Montana. The company claims to have developed technology that will make it the lowest-cost producer of the element.
The project, which is due to come on line later this year, aims to produce 1,500 tonnes of iodine a year - which is a decent chunk of overall global demand - and it will eventually move towards manufacturing iodine derivatives itself to gain access to a market worth around $3bn a year.
As a start-up project, the company is certainly a risk, but the share offer was five times oversubscribed.
So for investors looking for a novel play on the commodities boom, Iofina is certainly worth a look. Buy.
PapalPower
- 21 May 2008 11:45
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Rising nicely today.
PapalPower
- 04 Jun 2008 09:47
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Off again today.
PapalPower
- 05 Jun 2008 09:15
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And again............
PapalPower
- 16 Jun 2008 13:43
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And a lovely rise today too :)
PapalPower
- 22 Jun 2008 15:16
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http://www.proactiveinvestors.co.uk/articles/art.php?IOF
Gas, but with a twist
By Stuart Watson
Article Date: 22-06-2008
Iofina is developing the Atlantis Project in northern Montana. As well as substantial amounts of gas, the area could also produce 4% of the worlds iodine supply.
Iofina is developing the Atlantis Project in northern Montana. As well as substantial amounts of gas, the area could also produce 4% of the worlds iodine supply.
Iofina is one of AIMs latest entrants. It was incorporated in 2005 and floated in May raising 15m in the process. Its key asset, the Atlantis Project, covers some 40,000 acres in Northern Montana and is placed between two large gas fields, Southeast Alberta Milk River and the marvellously named Bear Paw Uplift. Between them these two fields have produced over 6.5 trillion cubic feet of gas.
Some 200 wells have been sunk in the area covered by the Atlantis Project in the past but the large levels of accompanying water made th................................
share trader
- 06 Jul 2008 00:36
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goldfinger
- 05 Aug 2010 08:00
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Looking for a blue day here.