shivers, page-4

A couple of non producing wells in an acreage the size of 626 is not a real surprise. Not even the big boys strike it luck with every well they drill nor do they abandod an acreage because of the results from a couple of wells.

Id like the results to be differnet as all Iconers would however the result we have is what we have.

ICN still has acreage that is extremly valueable its just a matter of time, money and effort to unlock the vast reserves that are there.

855 is a great opportunity for Icon and the court case with BPT will determine if we are any better off, we can't be worse off out of this court case!

With the new Government laws on strategic cropping lands watch the majors look for easy buys to secure acreage outside of the strategic cropping lands maps reeased yesterday by the QLD Government.

THe CSG business will boil down to a battle over acreage, its a simpe fact. If the majors want to fuel the thirsty LNG plants they need lots of gas and quick!

ICN have acreage and they have a strategic stake in what coule be the largest Shale gas deposit in Australia.

THe SP is very low however, the world markets have dived over the past week and continue to look grim. Where that positions Icon is a guess at this moment.

Im diving in again today to buy some more and reduce my average even further.

Good luck to all, I have every confidence in this stock and my large six figure holdings clearly demonstrate this.
Im sure the management have considered the vunerability of the business at these give away prices!