great newsletter, page-14

I look forward to the announcement that BG, Shell, Origin, Santos or LNG have signed a contract to allow Icon to process and liquify natural gas on behalf of third party contracts at their facilities.

That said, all they need is the gas,(have a look at how quickly other companies have certified 2000 pj 2p reserves), a contract with one of the above, significant reticulation to bring the gas to the plant and the Chinese to come to the party with the money.

I understand this deal is really to act as a facilitator assuming that they cannot prove up 2000 pj reserves of their own land in time to provide the reserves, which I am almost willing to bet could not be done in two years without a masive outlay of capital, equipment, personnel and some really really cooperative acreage. However, I really wonder who would sell the gas to Icon rather than the majors. They either have to pay more money to secure the gas or they have to have firmer contracts in place to entice these players, so it makes it hard to understand how you could really make money as a facilitator.

And as far as stranded gas goes, well I have an idea why don't they put the LNG plant on rails, and move it from town to town kinda like the circus. After all, they are already building floating plants. Now that I think about it, they do call them trains don't they.

I expect to get hammered for these comments, so in advance, yes I am older than 12, have been posting for about that long, no I don't have shares in the company (anymore), but I have shares in the industry. And finally, no I am down ramping to get my big chance to purchase really really super cheap shares.

OS



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