Hi Maverick,
I am really not intending to ramp. My view is based on the level of activity and the chances of significant progress on several fronts.Even a possible oil dicovery coming in from left field.The new CBM permit holds massive potential and along with permit 626, puts ICN in a new category of CBM players.CBM reserves will only grow in value over the next year or so, and ICN will be drilling more wells this year. The nature of coalbeds is unlike traditional geological gas traps and with just a few wells and some seismic you can get a very good idea of the ultimate reserve picture based on the extent of the coal measure, although it would not be officially recognisable by reservoir engineering standards until all the necessary wells are drilled.
Who thought we awould see 51 cents?
I predicted that some time ago, and I still see a lot higher price by year end.
Damn, I am feeling good this morning.
Occam
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