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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 dufouron May 25, 2011 4:50pm
428 Views
Post# 18624981

next drill results

next drill resultsJust confirmed with IR, they have something like 6 holes at the lab and they are waiting for results.  They expect them back within 1-2 weeks so hopefully next week!

If people are hesitating then now is the time before the next batch is announced because if they are similar to the last ones many will become believers and with the small market cap it will run very hard imo.

The last results were some of the best for a junior in a long time!

Look up the CEO's track record for finding mines and you will see that we are in good hand and I read that he had been eyeing the Goldfield Project for a while.  Now that he has it, lets see if he is right again!

I am very surprised by the lack of buying following the excellent drill results.  We know that Dundee accumulated about 1.3 million shares and has not sold.

It moved on huge volume and is moving down on very little volume...this tells me that people are holding on to their shares and that it is drifting down because of a lack of bid support,  Another round of similar results and the buyers will come back but this time there should be more of them.

I will add more as it drifts lower. 
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