icon energy company overview, page-17

So there is still some HC euphoria here for some reason?

fattstocks, when you say Icon has quality acreage, do you mean high quality or low quality?

Because I am not sure really what quality it is; however when beach pays a massive $8.5m for 50% of 80% of ATP855, where do you think that pitches the quality of the resource. And given the depths they have had to drill to in the Surat for ATP626, does this indicate that they are perhaps a little ways off the CSG sweet spot with the high quality acreage already swallowed up by QGC, AOE, ORG and STO???

And with NSAI providing a 10% contingent chance that 12% of the resource is economically recoverable, which at this stage leaves you with a risked position of 78PJ, how much upside do you expect with a MC of $160m?

I think that Icon will be able to get a few reserves under their belt, they just have a long way to go in terms of capital and converting that 'deal' to something which looks like a deal.

Its not me thats cynical, its the market.

SF