ICN 0.00% 0.6¢ icon energy limited

Ann: Full Year Statutory Accounts , page-7

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  1. 8,751 Posts.
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    I don't think that is a bonus...too small by Icon standards.
    Probably just an expenses re-imbursement for the recent round of golf with RJ.

    Adminstration expenses are ridiculously high for a company of Icon's size and given that management have delivered very little in the way of concrete results (2P reserves and gas sales agreements). Stanwell get the first 250PJ discovered as well.

    Regreting my recent top-up. Icon is like an old lover I keep returning to, despite the ongoing ravages of time.

    Thanks god for the $30million Stanwell commitment that can go no where but into drilling expenses.
    When you think about it, given Stanwell's involvement, the next few months provide a perfect opportunity to replace upper management with a cheaper, more dynamic team without overly disturbing operations too much...hmmmmmmm. Where's a Baldwin when you need one?
 
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