this what we have been waiting for., page-3

Friday's ann has gone way under radar. Shale gas is big $$$$ imo

Oz market is still catching up to US/Europe.

To attain an added potential value of this tenement to icon, consider the following:

In the Nth American shale gas boom, average farmin dollar per acre (between 2008 and 2010) was around USD$11,000/acre.

European shale gas boom is just starting with Hess corp paying Toreador Resources $265million for 50% of 680,000 acres of Paris Basin gas shale permits in May this year. Thats about $780/acre. First drill to start next month.

Now compare ICNs newly granted shale gas permit ATP855p which is 413,654 acres. Using the European base price of $780/acre equates to $322million. ICN current market cap $80million !!!!!

Majors are paying big big bucks for these unconventional gas type plays.

As all eyes will be on the Hess drill next month as no doubt all eyes will be on the BPT drill.

Just on Fridays ann. alone sp should be sitting at 30-40c imo. Successful testing by BPT on tenement next door will add value again. A successful GSA and the sp will have a $ sign in front of sp imo.

Cheers,
The Sparkler