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Icon Energy Ltd V.ICN


Primary Symbol: ICNOF

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

Comment by oiltaron May 18, 2011 11:28am
196 Views
Post# 18594002

RE: For ARU...

RE: For ARU...The first dozen holes out of ARU was nothing to write home about until they discoverd the rich part of thr mother load. If you think a 300 ft hole(#3) was not impressive with holf the hole tonnage worth over $4500 per ton over a 148 ft was not impressive.Then the second half  of the hold still grading a respectable 1.4 gt was not impressive,then I suggest you change your line of work.

We do not know if this is another ARU but starting with holes like that we can say even if they are twinned and other non twinned holes are reported like #3 then I would say this is a special situation.

When you see a 300 ft hole with that grade you buy first and ask questions later.

Today I bought now we let the drill speak.
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