Hi Gassed,
I agree that results are what matters. Having been in Icon for 10 years, another 6-8 weeks is nothing.
However, still think the announcement deserved a short-term re-rating given we are talking about well only 12 kms from Encounter 1 which, as Mr Conservative Reg, says could replicate the 300TCF resource in Pel 218. In that context, even without results, thought the announcement deserved a better price reaction. Anyway, might only be 6-8 weeks from company changing announcement.
Anyway, as Icon has taught me more than any other stock, patience is required.
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