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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Post by SevenFigureson Mar 07, 2012 9:37am

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Post# 19637460

Colorado Resources not financier

Per 12-31-11 Financial Statement and associated MD&A filed 2-28-11, Colorado Resources is not the source of the 12-19-11 $500,000 loan against ICN's 400,000 PZG shares from an unnamed Venture company. I previously speculated that since Dr. Hering is on the Board at CXO, possibility existed that CXO loaned the cash, since they have almost $12 million in the Treasury.

My other possibility is Newstrike Capital, since George Brack is an ICN advisor and was just named to their Board after being an Advisor to them.

https://www.icnresources.com/s/AdvisoryBoard.asp

https://newstrikecapital.com/corporate/board-members/

One thing that is interesting is that Rod McKeen is also on the Board of IMZ (ICN neighbor in Goldfield). Rod and Dr Hering are on the Board of Santa Barbara Resources.

https://www.intlminerals.com/management.php

https://www.sbr-ltd.com/s/Management.asp

ICN not revealing cards yet, as 12-31-11 reports not filed.