Bigdream. Just another quick observation that IMO is becoming "significant", is that since the GSA was signed with Shantou Sino Energy, ownership of Icon Energy has gone from 100% Australian and now is over 27% with Chinese interests, who are still buying despite the "market sentiment" for the O&G sector generally and Icon specifically.
There is a story on pages 13 and 14 of the 2011 Annual report which you might like to read and also consider the Conditions Precedent that Shantou Sino Energy must satisfy to have the GSA finally formalized.
All I'd be concerned about for the time being is, not selling the gas, but proving that we've got it and that should be effected with the upcoming test programme. I'm still of the opinion that the latest reserves assessment will be proven to be significantly conservative, but, that's just my opinion.
P.S. Your pseudonym is very contrary to your "sentiment". I prefer the former. Relax and enjoy.
ICN Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
(20min delay)