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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

Comment by rappy7on Feb 16, 2012 12:15pm
250 Views
Post# 19543434

RE: RE: Amazing assays/ poor SP

RE: RE: Amazing assays/ poor SP

On every board I've ever been on people complain that the drill results are late. I think ICN is actually ok. If you want to see what a really late drill result is, go over to GMV where they were 8 months late with the stock tanking the whole time.

 

Stuff is being done at ICN. It's not one where months or years go by with nothing. We get news releases regularly, not always about drilling, but stuff is going on. They arranged a $500 loan so they didn't have to have a PP, for example.

 

The main problem here is you literally have TWO guys with the ichiest trigger finger I'd ever seen. Almost no one else is interested to sell!! Yet no bid at or above 20c stays on the table.

 

It's impossible to move the share price with these idiots. I don't care how great your management is or how many interested investors are attracted. We've had 2mil shares trade recently. That's a good amount of interested buyers...and we're exactly where we started. If these two are professional brokers, they are utterly incompetent at maximizing value.

 

Blame them, not management UNLESS these two idiots are allowed to participate in the next PP.

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