I agree ezyprofit, but I will rest easier when Icon secures a rig. Negotiations are fine but we need the fat lady to sing.When they contract a rig and set a date , you would have to be a whacko not to own a bagful of these shares.They should run to 10 or 12 and any smell of hydrocarbons will take them to 15 or 20.
Incidentally, did anyone notice the IPO of Adelaide Energy (ADE) on Monday? IT was a 20 cent issue with free oppies but too many stagged on the first few days and they fell to 16 or 17 cents. The oppies are a bit more than 4cents.Seems to me worth checking out as they are drilling and have a few wells over the next year.
Occam
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