2011 i can't wait, page-22

"Netherland, Sewell & Assoc has already confirmed total resource estimate of 6100PJ within ATP626P, including 1115PJ (2C) and 1775PJ (3C). To move these to proven reserves of 2P and 3P Icon must demonstrate commercial flow rates of fluids. i.e. increase from current 100,000cfgpd to 200,000cfgpd."

Gassed,

they do not need the above mentioned flow rates to obtain 3P reserves, this rate typically converts your 3P reserves to 2P reserves.

Essentially, for 3P you need permeability and gas content, which they have both of (well, perm for sure). There is no reason that Icon should not have 3P reserves right now around their initial csg wells. I know i harp on the fact that they haven't released the gas content numbers, but i have a real problem with them not having received certified 3P values, and the big question i can't answer is why? because they have more than satisfied the data required, unless the gas contents are very very low and they don't want to release the actual numbers and show that although the resource potential is high, the actual reserves they could hope to produce is really low.

something doesn't add up and its been driving me nuts for over a year now.