Icon Energy Ltd V.ICN

Primary Symbol: ICNOF

Energy Oil & Gas E&P

Icon Energy Limited is an Australia-based oil and gas exploration company. The Company has a 100% interest in, and is operator of, the ATP 855 tenement and the basin-centered gas resource that it contains. The Company’s ATP 855 is located in the Cooper-Eromanga Basin on the eastern side of the Queensland and South Australian border. The Company's tenements include ATP 855, PRL's 33-49, ATP 594, PEP 170, PEP 172, and PEP 173. PRL's 33-49 are adjacent to ATP 855 on the western side of the border, and both permits share part of the Nappamerri Trough. ATP 855 is located in the Nappamerri Trough, one of the six troughs within the Cooper Basin. The tenement covers the deepest part of the trough, containing the thickest sequence of Permian sediments in the entire Cooper Basin. It is within these sediments that a large, unconventional, basin-centered gas resource has been discovered that extends across the entire tenement. ATP 855 occupies a total area of 1,679 square kilometers (km2).

OTCPK:ICNOF - Post by User

Icon Energy Ltd > still under the radar

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Comment by coffintraderon May 18, 2011 1:04am

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Post# 18592038

RE: still under the radar

Insiders gotta sell a few shares here and there to make money.. that's not a big blow out... maybe 3 or 4 million shares if someone dumped full position.... from 5 million shares traded today.. thats peanuts.

These guys are credible... Brett and Fronteer guys.. I am willing to watch this one carefully..

They twinned some holes that were 4.5 grams per ton and got 90 grams this time... they obviously hit some new stuff they never expected to hit..

Dundee bought 900,000 shares today around $.80 level... that's about $800 grand... not bad...

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