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 > Float

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Comment by rappy7on Feb 22, 2012 1:37pm

268 Views

Post# 19567761

RE: Float

I think this will be a big winner long term. Short term doesn't look promising, with #1 and #7. I had to get out today. When #7 started selling at 17c I couldn't stand it anymore. I'm a short term guy to begin with.

I'll prob buy back in someday. Maybe sooner rather than later. Believe it or not, I did eek out a small profit here (av price was 15.5). Good luck. Onto ROG and OLE.

A monster bid came in at 18.5 when I left. Let's hope it sticks around.

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