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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

Post by rappy7on Dec 23, 2011 9:15pm
353 Views
Post# 19350224

Please

Please

Merry Christmas everyone. You'll likely have me keeping you company here for a good while. Got 120K shares and may chip in for a bit more later.

Can someone say one negative thing about this stock? Anything. Private mail me if you like. It's hard to see a flaw, except maybe the smaller land package. But CSI is in the same boat - and ICN's early grades (gulp) almost compare. And CSI never had a big miner (IMZ) on its border. Management looks OK here too, as do the directions.

Seriously though, give me some negative comments besides the size. I don't see any and always want to learn more about the biz (for real). Anything. Don't worry about making me sell, I'd say there's little chance.

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