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 SevenFigureson Jan 31, 2012 10:16am

430 Views

Post# 19469116

Form D Filed 1-30-12

filed yesterday

Total Offering: 150,000 Shares at C
.23/share and 2,850,000 Options granted at exercise price of C
.23/share, converted at US
.9812. There is no guarantee that these Options will be exercised.

https://www.sec.gov/Archives/edgar/data/1477892/000118374012000053/xslFormDX01/primary_doc.xml

the 150,000 shares are the initial payment for the silver cliff property... the 2,850,000 options are for ???

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