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 and hold imo.....

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Comment by dufouron Aug 16, 2011 9:15am

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Post# 18946446

Buy and hold imo.....

Between myself and one of my friends we took about a third of yesterday's volume.

This morning my friend will be buying big at open. He works for a mining company and had their geo look at them.....he liked them A LOT!

It is summer and nobody is listening. Plus the mining sector is not hot right now. It will heat up in the Fall and by then ICN will be into Phase 2 which will go after the bonanza grades!

Buy and hold.........take advantage of the weakness while it exists! Look at the PR in May, June and yesterday.......then look at the Market Cap!

I called IR 3 times yesterday.....good info!

We should get some buying this week as a result of the raod show........

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