big double bottom at 3 cents target 18 cents, page-44

re: icn to soar in next 30 days Gross 2P reserves for the total project are 12 to 16 mmbo - ICN's share of the Wilberts lease(the principal lease) is 13.2% - so stretching the imagination you could say their share is 1.5 to 2 mmbo - @ $50/b = revenue of $US75 to 100 mil.
Present market cap is $A9mil.
The first deep well at BC is being drilled up-dip from a present producer that is nearing the end of its life but good flows are expected.
This share ran to 10c some 18 months ago when one of its Qld wells had oil sniffs so it has a track record.
A range of interesting Qld oil leases that they can farm-out & be free-carried.