Within the next 2 weeks, once the SPP subscriptions come in, ICN really need to follow up with a strong announcement, providing some real tangible details, time-frames and schedules for the further development work as outlined in their recent AGM presentation.
They've created some excellent momentum recently, and they need to keep the ball rolling with new progress alongside the Stanwell program, which will probably require a few months of slow de-watering progress before anything substantial can be reported.
They decided to raise fresh capital now, instead of waiting until flow results from the Stanwell pilot program were known (when the SP would probably have been higher), so it would be great to see some justification for this and keep investor confidence strong.
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