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 > Pinetree and Inwentash

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Comment by dufouron Jun 09, 2011 3:42pm

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Post# 18695308

RE: RE: Pinetree and Inwentash

These 4 hold over 31% of the outstanding shares and this doesn't account for insider holdings........

Only approx 47 million shares and a big chunk is in strong hands (institutions) which will not flip it for small profits so once it gets discovered it will move well imo.

ICN is very undervalued. These guys are in early for a reason! Usually institutions wait to see the results but these guys took the extra risk of buying in before the drilling........

Pountney, Glenn has 6,090,000 or 13.05%
Pintree Capital 4,250,000 9.11%
RBC Global Precious Metals FUnd 3,333,333 7.15%
Sprott Gold and PM Fund 1,000,000 2.14%

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