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).

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Icon Energy Ltd > BUY ALL YOU CAN

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Comment by boarmanon Jun 01, 2011 1:20pm

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Post# 18657082

RE: RE: RE: RE: RE: RE: RE: RE: BUY ALL YOU CAN

Thanks for the encouragement.. maybe I'll double down once I get some cash.. I keep hearing about the price of gold going up and up.. and the gold mania that's suppose to send the juniors into orbit, what's the actual catalyst for this to occur ? I've heard it when gold was at 800, then 1100, 1300 and now we're closing in on 1600..

maybe the gold mania thing happened in the 80's and it's a stretch to think that a 52c stock can realize any value in 1600$ gold. perhaps it's because we have no production ? Are the jr. producers all skyrocketing ?

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