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

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Post by seanj1on Aug 15, 2011 10:53am

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Post# 18942246

SP

Well thankfully I was wrong, but market's reaction does not match the news. I guess this is not a well nkown company yet and it will take time for the news to go around. It will be interesting if we see some insider buyings today from the funds.

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