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 dufouron May 18, 2011 12:05pm

236 Views

Post# 18594358

RE: RE: you have to read the hole right:

No matter how one looks at it the market cap. is only 30 million which is low for the results they got. With more results the market will eventually take notice imo.

The market cap is very low compared with with other conmpanies with similar results and even companies with worse results are trading at high market caps.

Do the numbers and different scenarios to see what you come up with. Right now asuming they only had this property, the market is calculating that they only have approx 100,000oz og gold in the ground.

<< Previous

Bullboard Posts

Next >>

Barrick Gold employees detained in Mali amid ongoing dispute