more consolidation, page-6

Gassed,

your dreaming about Bow being interested in Icn, If Bow truly ever wanted to go down the road of being a legit producer (I say legit, as i do not consider the power station in Blackwater a legitimate producing asset, just too small), they would have actively pursued their own GSA's, and most likely would have done a deal with LNG. Bow is going down the route that they have always wanted to.

I also believe the "value" of the GSA is overestimated, as even though there is more than likely enough gas in 855, the time that it takes to get those certified reserves is going to be extremely hard to get in order to make the GSA deadline requirements. Now , if the Deadlines etc can be changed, different story, but it also makes you wonder about the seriousness of the GSA if that is the case.

besides, if this chinese party has the money next year, and icon doesn't have the gas, then it would be worth even more for a company to just outwait icon, rather than team up.

That being said, you cannot discount the fact that icon finally has real value due to 855 and we will have a better idea (minimum) of what that is once Beach drills the first horizontal