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 > you have to read the hole right:

<< Previous

Bullboard Posts

Next >>

Comment by imavikingon May 18, 2011 11:55am

256 Views

Post# 18594282

RE: you have to read the hole right:

But they also state that there is no statistical reason to cap it where they did, at 34.3g/t.
In fact their neighbor caps their high grade sections at 75g/t.
Even if your high grade is capped for reporting, you still get to mine it.
You don't pretend it isn't there.

<< Previous

Bullboard Posts

Next >>

Canadian artificial intelligence ETFs