Iofina


Iofina plc is the holding company of a group of companies involved in the exploration and production of iodine and natural gas which has been discovered on acreages that the Group has acquired and is currently acquiring.

The Company uses its strong knowledge of chemistry, financial markets, economics and experience in oil and gas E&P, to help enable the co-production of other elements from brine streams associated with natural gas.  Dual revenue streams on a single cost structure, enables Iofina to have a competitive advantage. The Company’s marquee field it discovered is the Atlantis Field, located in the state of Montana, USA.  The natural gas co-exists with brine within the aquifer, which contains relatively high iodide dissolved concentrations.

Iodine is a rare mineral which the US currently imports to meet growing domestic demand from pharmaceutical and industrial manufacturers.  The management team has extensive experience in the iodine and the iodine derivates markets. The leases held by the Group give it the right to explore, drill and produce both iodine and natural gas.  The company uses its exclusive Wellhead Extraction Technology ™ to extract the iodine and iodides cost effectively at the wellhead.  The Directors plan on applying the Company’s expertise to other prospects throughout the world.

Iofina interims underline solid progress

Tuesday, September 09, 2008
company news image

Interim results from Iofina, which listed on AIM only in May this year, highlighted considerable progress in the short time frame that the company has been a PLC.


Iofina raised £15.1 million at 55 pence per share in May, and interim results today confirmed that as of the end of June, the company still has cash resources of £14.2 million. Iofina’s primary task has been to prepare for drilling, which is expected to commence shortly with the onsite arrival of the first drill rig, owned and operated by the company.  Iofina also reiterated its intent to sub-contract its spare rig capacity to nearby gas field developments.  


Beyond gearing up for drilling at its flagship project, the Atlantis Gas-Iodine Prospect in Montana, USA, the company also acquired an additional 28,888 net acres within the Atlantis Prospect, and has a further 13,842 acres pending.  Iofina additionally acquired 30,000 net acres in a new gas and iodine prospect, also in Montana, named Triton.  Iofina intends to joint-venture this project, and confirmed this morning to Proactiveinvestors that it was making good progress in finding a suitable partner.
Since listing, a competent persons report has estimated that the initial 28,000 acres in the Atlantis Prospect to have a gas resource of 155 billion cubic feet (bcf) and 100m Kg of Iodine.

Proactiveinvestors recommends


“Iofina is in a strong financial position to begin exploiting both its resource base and to vertically integrate into new associated businesses. We are particularly excited about the imminent commencement of large scale gas and iodine production in the Atlantis Prospect, which will move our business into cash generation.” Stated Iofina’s CEO, David Schneider.


Register here to be notified of future Iofina articles.

Investors interested in Iofina recently viewed

  • Iofina - Gas, but with a twist

    Iofina is developing the Atlantis Project in northern Montana. As well as substantial amounts of gas, the area could also produce 4% of the world's iodine supply.

Additional Information

Market:AIM
Sector:Energy
EPIC:IOF
Latest Price: 25.00p  (0.00%)
52-week High:90.75p
52-week Low:22.25p
Market Cap:26.30M

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image

Crude Oil

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.