|
|
Article: Iofina begins gas production.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- May 12, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Martin Li
RESULTS: Encouraging flow rates and newly acquired wells boost Iofina start-up
Iofina, the gas and iodine developer and producer, has begun commercial gas production from its flagship Atlantis prospect in Montana, USA. It is stabilising flow rates to enable it to predict likely production levels, and high pressure readings indicate gas and brine (from which iodine will be extracted) production could be ahead of previous expectations.
Iofina acquired an additional 230,000 acres within the Atlantis prospect, which includes 17 wells that were shut-in when the oil and gas company that previously owned the acreage encountered brine ...