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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 Jan 26, 2012 4:28pm
496 Views
Post# 19454356

ICN's Presentation

ICN's Presentation

The "Church" zone is where ICN hit 90+g/t over 45+m, etc. I've always referred to that part of the property as the "sweet spot."

 

But if you look at pg 23 of the Corporate presentation (https://www.google.com/adsense/v3/app?hl=en_GB&gsessionid=moqd-mbLFixxXv9bBG1voA), it might not be...it might get even better. Exhibit A: The "February Premier" zone. It seems Lode Star did some drilling there and hit 52, 14.8, 13.8, 11.6.... OUNCES per ton. So multiply those numbers by 34 to figure out how many g/t that is. They don't give widths - I suppose it's possible these MAY be only grab samples.

 

If you enlarge the map at pg 17, "February Premier" is south and east of Church. To my knowledge, ICN has yet to drill in this area. I'm sure someone will correct me if I'm wrong...

 

I'm also not sure if Lode Star's drilling was 43-101 compliant.

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