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  1. 22,227 Posts.
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    Lydia is only 7% of 626 and appears that next drilling will more than likely be outside Lydia. IF Stanwell agrees to proceed, it will just be a bonus for Icon and will now probably include what might be anywhere in 626. Keeping in mind that Stanwell's GSA represents about $30 mill per annum to Icon,compared to 10 times that, at least, with the China deal.
    Looks like some more positive action in today's SP with higher volume and a green ending.
    855 and the GSA is what Icon's future is all about, so, happy to see what happens in Adelaide Court and what comes out of Beach's tests of Holdfast.
    Meanwhile, any upward movement in our SP should be considered positive knowing the way "news" seems to hit the SP before it hits the market??!!
    But, in this very "dangerous" market, I would only be buying if upward buying volume is sustained. But, still think that it is definitely a LT buy when that occurs.
 
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