Ann: Exercise of 20,000,000 Options , page-13

I think by middle of next year it does take time, and australians are still living the high life thinking that our resource sector and china will save us. No de coupling is going to occur.Has Icons price gone from 40c to 15c ask yourself what are the fundementals of this company no cash flow etc etc. There only chance to make it in the long run is to have a farm in but that again will devalue the SP and nobody has the cash or would be willing to give it to them. If I was you I would have a look at Blue Energy 27tcf(icon 5tcf) deals with the govt through the stanwell corp owned by the qld govt. They have cash flow and are alot further along the drilling program, plus they have deals with power stations and pipelines.