ICN 0.00% 0.6¢ icon energy limited

sandune, page-5

  1. 5,149 Posts.
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    Sandune usually had the right info but often management couldn't perform so things that were supposed to happen did not.
    The leaks of well info most likely come from the rig crew in the field and it is hard to stop.Some big money has been made by riggers over the past year on other oil stocks.
    The way I see the future is that with over 280 sq kms of coal bed the potential gas recovery could be enormous. We won't know until the wells are cleaned out and gas can flow freely. Even then it may be necessary to fracc, so this could take a while. Also we could have two wells that produce like gangbusters and one well not so good, in which case they may look for a more permeable formation elsewhere in the block before deciding on commerciality.So there are many ways this could play out but firstly it looks very promising and secondly it could take anything from two weeks upwards.
    Sp might pick up over the next week but when gas starts flowing the sp should really start to move.
    Then just to add a few wildcards, ICN may get a good offer to farm down 30 to 40%, and, or they might raise some capital as soon as things start looking better.
    Anyway,..you pays your money and you takes your chances as the saying goes. Right now I am a buyer.
    Occam
 
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