ICN icon energy limited
Add to My Watchlist 0.00% ! 0.6¢

new value of shale gas permits, page-9

  1. oppietrader
    5,378 Posts.
    lightbulb Created with Sketch. 2
    clock Created with Sketch.
    15/07/11
    15:58
    Post #: 8681705
    The calculation is simple:

    ICN's MC = $90mln (round figure)

    40% of ATP855 = 165,000 acre.

    Value per acre = $90mln / 165k = $545/acre.

    Speculative number, as I said, still a long way to go. Just like CSG stocks in its early day. Personally, I believe shale gas industry will be the way to go.
    ICN Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist
right-arrow Created with Sketch.
NEWS Kameelburg Niobium and REE mineralisation extends to 1,350 Meters
right-arrow Created with Sketch.
NEWS High-grade copper identified at Nejo Gold Project, Ethiopia
right-arrow Created with Sketch.
NEWS High-Grade Gold Discovery Extends 75m North at 8 Mile Drill Hole
right-arrow Created with Sketch.
NEWS Update on exploration at Fosterville and Glenlogan
right-arrow Created with Sketch.
NEWS Diamantina Advanced Copper-Gold Project Acquisition in Western Queensland
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
0.6¢ 		Change
0.000(0.00%) 		Mkt cap ! $5.208M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0
ICN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.