Ann: Response to ASX Price Query , page-3

these responses to ASX queries are interesting for sure.

the directors have a duty of continuous disclosure, and the ASX wants to see a fully informed market.

but the directors also have a duty to the coy and its s/h as a whole.

so they do not need to release info if they believe it will damage the interests of the coy.

and in particular, if a business negotiation is not finalised, the directors would not need to announce it.
Once they have an executed agreement, then the directors would need to release that info.

So it was interesting that ICN pointedly referred to the BG/DLS farmin, and the proximity of 855 to the BEach and Drillsearch permits, as perhaps being a reason for the ICN sp price surge!

Also, we can see that there has been a good solid volume of share trading immediately the ICN shares resumed trading this morning.

Without doubt, something is about to happen.

As i keep saying, there is no way that 218 and 855 will be developed seperately !