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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

Post by imavikingon May 20, 2011 9:27am
540 Views
Post# 18605672

Compare to MAO for perspective

Compare to MAO for perspectiveI only chose MAO because their banner is always flashing at me when I come on stockhouse. The flashy headline proclaims "Exceptional gold intercept of 1195g/t au." When you read further you will find that this is by far their best intercept. In fact, twice as good as any other from their property. (their only property by the way).
They have a market cap roughly 4X larger than ICN, and it's taken them years of drilling to come up with this best ever hole.
The remarkable thing is that ICN's  hole #3 intercept is about 6 times better than this intercept, since their 1154g/t au section is 3 meters, not 0.5 meters like MAO.
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