re: Ann: BPT: Beach in dispute with Icon rega...
This is obviously the reason beach have been indicating that they are the operator and why I received no response to my question to icon on why they were allowing beach to state they were the operator of this tenement. This is not good for icon as a long drawn legal case is a hinderance to the development of this tenement. Beach is obviously the more experienced in drilling for shale, ICON has struggled with its drilling for CSG. Remember also the other 20 per cent of this tenement is owned by ADE. Beach already own 5 per cent of ADE. So there can be many connotations drawn here as to how this plays out. ICON better ensure they have a watertight case and were not just pushing for more on the original agreement, otherwise this will come back and bite RJ and s/h. Suddenly ICON will go from 80% to 40% with the control coming down to ADE. This is not the result s/h want to see.
ICN Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)