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Pin to quick picksIofina Regulatory News (IOF)

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Production & Produced Water Congress 2013

25 Jun 2013 08:15

RNS Number : 7774H
Iofina PLC
25 June 2013
 



June 25, 2013

 

Iofina plc

("Iofina" or the "Company")

(LSE AIM: IOF)

 

 

Mississippi Lime:

Production & Produced Water Congress 2013

 

Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, are pleased to announce the Company will be presenting at the Mississippi Lime: Production & Produced Water 2013 Conference. The conference to be held in Oklahoma City June 26th and 27th gathers together the leading production professionals operating in the Mississippi Lime. The list of speakers and participants includes many of the area's leading producers.

 

The Mississippi Lime has been characterized as the "New Bakken" with estimates that production can hit 500,000-boe/d mark by 2020.[1] This play is characterized by shallow, low-cost wells that deliver, making it a bargain in the North American shale scene. The Mississippi Lime has a net of 11,000,000 acres with the play's horizontal core being approximately 7,000,000 acres spread across north-central Oklahoma and south-central Kansas.[2] The largest operators in the area are Sandridge Energy, Chesapeake Energy Corporation, Range Resources Corporation and Midstates Petroleum Company, Inc.[3] The development of the Mississippi Lime had been impacted due to the quantity and expense involved in disposing of the brine water. These obstacles have been overcome and now Baker Hughes estimates there are 92 rigs actively working in the core area.[4] With the robust quantity of water and concentration of iodine, the Mississippi Lime has afforded Iofina with an enormous opportunity utilising one of the largest waste streams in North America. Iofina's proven IOsorbâ„¢ technology allows operators to reduce costs associated with the disposal of their brine stream. This allows our partners to reduce their operational expense compared to non-Iofina partners in the area.

 

Iofina is currently working with several of the area's largest producers and continues to expand its presence. The Company currently has two plants producing iodine, one in the Mississippi Lime and construction has commenced on IO#3. Construction of IO#4 is expected to be completed circa 30 days after IO#3.

 

About Iofina

 

Iofina specializes in the exploration and production of iodine, iodine specialty chemical derivatives, produced water and natural gas. Iofina's business strategy is to identify, develop, build, own and operate iodine extraction plants currently focused in North America based on Iofina's WET® IOsorb™ technology. Iofina has iodine production operations in the United States, specifically in Texas, California,

Montana, Oklahoma and Wyoming. The Group has complete vertical integration from the production of iodine in the field to the manufacture of the chemical end products derived from iodine to the consumer and the recycling of iodine using iodinated side-streams from waste chemical processes in Europe, North America and Asia. The Group utilizes its portfolio of patented and patent pending technology, proprietary methods and trademarks throughout all business lines.

 

For further information, please contact:

 

Dr. Chris Fay, Executive Chairman

Iofina plc

Tel: +44(0)20 3006 3135

www.iofina.com

 

Ben Colegrave/Chris Sim/Neil Elliot

Investec

Tel: +44(0)20 7597 5970

 

Media Contact:

Dominic Barretto

Yellow Jersey PR Limited

Tel: +44(0) 7768 537 739

 

 

About the Conference:

 

www.mississippi-lime-produced-water-2013.com

 

 

 

 

 


[1] Redden, Jim; Mississippi Lime: Independents cashing in on low-cost play; http://www.worldoil.com/March _2013_missippi_lime.html; page 3, May 4, 2013.

[2] Redden, Jim; Mississippi Lime: Independents cashing in on low-cost play; http://www.worldoil.com/March _2013_missippi_lime.html; page 5, May 4, 2013.

[3] Mississippi Lime; Mississippian Check Up-Who's Portfolio Reigns Supreme?; http://www.shaleexperts.com/articles/Mississippian-Check-Up-Whos-Reigns-Supreme; page 2, May 3, 2013.

[4] Redden, Jim; Mississippi Lime: Independents cashing in on low-cost play; http://www.worldoil.com/March _2013_missippi_lime.html; page 4, May 4, 2013.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAUVRBRONANURR
Date   Source Headline
14th Apr 20107:00 amRNSThird Party Iodine Agreement Signed
22nd Mar 20108:36 amRNSFirst Third Party Iodine Extraction and Collection
22nd Mar 20107:00 amRNSRe Iodine Extraction and Collection Agreement
8th Mar 20107:02 amRNSOperations Update
8th Mar 20107:00 amRNSManagement changes
12th Jan 20103:09 pmRNSDirectorate Change
8th Jan 20107:00 amRNSDirector's Dealings
11th Dec 20096:00 pmRNSHolding in Company
22nd Oct 20095:14 pmRNSChange of Name of Nominated Adviser
19th Oct 20094:07 pmRNSExercise of Options
30th Sep 20097:00 amRNSHalf Yearly Report
10th Aug 200911:13 amRNSManagement Appointments
27th Jul 20097:00 amRNSAcquisition and Operations Update
23rd Jun 200910:20 amRNSResult of AGM
22nd Jun 20094:40 pmRNSSecond Price Monitoring Extn
22nd Jun 20094:35 pmRNSPrice Monitoring Extension
27th May 20094:19 pmRNSPosting of Annual Report
12th May 20097:00 amRNSFinal Results
25th Feb 20099:57 amRNSHolding(s) in Company
23rd Feb 20091:55 pmRNSHolding(s) in Company
19th Feb 200911:06 amRNSDirector/PDMR Shareholding
12th Feb 20094:44 pmRNSPlacing
13th Jan 20097:00 amRNSDirectorate Change
13th Jan 20097:00 amRNSDrilling Update
19th Dec 20085:00 pmRNSDirector/PDMR Shareholding
17th Dec 20087:00 amRNSOperational Update
7th Nov 20089:59 amRNSHolding(s) in Company
31st Oct 200810:53 amRNSDirector/PDMR Shareholding
30th Oct 20083:39 pmRNSHolding(s) in Company
16th Sep 20085:26 pmRNSDirector/PDMR Shareholding
16th Sep 20084:28 pmRNSDirector/PDMR Shareholding
12th Sep 20085:03 pmRNSDirectorate Change
9th Sep 20087:00 amRNSAppointment of Non Executive
9th Sep 20087:00 amRNSInterim Results
13th Aug 20087:00 amRNSAcquisition
25th Jul 20085:10 pmRNSHolding(s) in Company
16th Jul 20087:00 amRNSOperations Update
10th Jun 20081:29 pmBUSRule 8.3 - INFORMA PLC
9th May 20087:00 amRNSPlacing and Admission to AIM

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