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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 don118on Jun 13, 2011 5:22am
420 Views
Post# 18705754

RE: RE: Great results!

RE: RE: Great results!FYI. I bought into CAN at .49. This was after the first drill results pushed it passed .70. I had a low ball in but I believe there was a correction which enabled me to get in cheap. The first results were great but side from that. there were several communities in Tanzania that were supporting themselves by diggin holes and finding gold. The picture I saw convinced me that there was a good supply there because the land was "honeycombed" with these narrow holes that were just big enough for a small person and a pail. The holes went down to 100 ft max if that. You will have to pardon me, I am going from memory now..lol I had seen this before on one of the Discovery channels and I believe it was called "King Solomon's Gold". They traced back and found that he was getting it from these locals. Canaco grabbed all of the area and drilled a hole which turned out to be very good. The v'tems etc said there was 12 Kilometers of this and it appears they were right.......................Back to the sp. It went up two or three times and many sold after the second set of numbers caused a nice spike. The sp went from 2 to 4 bucks quite easily and then down the road it was pushed up to around six bucks. I htne heard there was some problems in the office and the sp suffered quite a bit. I haven't looked at the play for some time now. I made som money but I sold too soon. I believe I sold around 2 bucks thinking I had done well...:)
Is this the same as CAN? Sure would be nice.
Don
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