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).

OTCPK:ICNOF - Post by User

Icon Energy Ltd

<< Previous

Bullboard Posts

Next >>

Post by waterboy100on Aug 15, 2011 1:32am

211 Views

Post# 18941116

I think we may see a slight a couple of months ago

if no more news however I think it will not go below .35 and then rebound and possibly close green. These were new areas that have never been drilled. The fact is they hit an unbelievable hole a couple of months ago. Instead of twinning it for a guaranteed hit, they tried other areas of the property. That gold they hit is not going to dissapear any time soon. If this hits sub .30s i will be doubling down. Have a great week all !!

<< Previous

Bullboard Posts

Next >>

Corus reports Q1 profit drop in the face of falling revenue