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 > Tip

<< Previous

Bullboard Posts

Next >>

Comment by goldbull636on Mar 02, 2012 12:20am

241 Views

Post# 19615679

RE: RE: RE: RE: Tip

I am a firm believer that they will come out with bonanza grades again and the market will react accordingly but it is very hard to make an explorer move when they aren't drilling and are many months from putting out any drill results. Yes, I did like the last PR but the lack of drilling news for the next while convinced me to sell my shares and move on to other companies that are moving right now. I monitor ICN closely and will be back when it is ready to trade higher volumes and drill results are ready to come out. I sleep well knowing that my $$ went into companies that are on the move right now (lol).

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading