Type Public Revenue £ 9.36 million (2009) Headquarters United Kingdom | Key people George Lantz, (CEO) Net income £ -3.73 million (2009) Founded 2005 | |
 | ||
Industry Iodine and Natural gas extraction Products Raw Iodine, Iodine Derivatives, Natural Gas, Water Treatment Stock price IOF (LON) 9.76 GBX +0.01 (+0.10%)14 Mar, 4:55 PM GMT - Disclaimer | ||
Iofina chief pleasantly pleased with first quarter production performance
Iofina plc is the British 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 holds. The presence of both iodine and natural gas allows the Group to generate dual revenue streams over a single cost structure. The Group’s proprietary Wellhead Extraction Technology® (WET®) method is designed to allow low cost production metrics and high operational efficiencies.
Contents
Iodine market set to continue growth path reckons iofina boss
History
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 Group successfully completed its IPO and was admitted for trading on 9 May 2008 on the London Stock Exchange AIM market.
The company is currently making further contractual agreements with third parties to produce iodine (the latest being with Anticline Disposal on 25 March 2011) and prepare the ground for opportunities in water treatment.
Operations
The company is conducting the following operations: