I won't be called a liar by anyone on this forum, or, that I have no objectivity and something not normal about my comments on this stock.
What does "not normal", what does "no objectivity" imply. I know what it implies and it is totally unacceptable and baseless. This is no one's business, but what those inferences suggest makes me state that my holding in ICN is 200,000 shares, $2,000 cost, plus 200,000 lapsed Options.
I've said it so often, I am not in any company (8) for the financial gain, I enjoy participating in new ventures, I have no "vested interest" or "inside information", as might be inferred by cougarproof's comments.I live 1,800kms from Icon's office, I'm definitely not a staff member.
Everything that I post in my, mostly, replies, is based on what I believe IS on the public record and I have extracted just some here to support every word that I have posted. Those earlier posts were done off the top of my head, due to the concerns of some posters and I just shared what I knew quickly. I have also suggested that we should do things like emailing the local Member of Parliament, and as I have also just done sent a very similar, lengthy, email to Ian MacPharlane the CEO of the Queensland Resource Council
[email protected] ATTENTION MR MACFARLANE URGENT RE. Ray James Icon Energy ATP855
I'm not entering into any further commentary until there is an announcement from Icon Energy.
I will, however, note every other post on HC that includes ANY references to me personally.
They will not go through to the keeper, I have avenues!!!
QR 31 December 2021
• Icon launches a new program in ATP 855 to clean up the existing wells as they are no
longer needed and
a “clean slate” is more likely to be attractive to potential joint
venturers;QR 31 March 2020
The Contract signed with Wellpro Services Pty Ltd for the rehabilitation program in ATP 855
in the Cooper Basin is in the preparation stage. Some equipment is in transport from the USA
and is
expected to arrive in late June.QR 31 July 2020
The Contract signed with Wellpro Services Pty Ltd for the rehabilitation program in ATP 855
in the Cooper Basin is now
expected to commence in early September 2020 with the
shipment of equipment now expected in Brisbane from the USA in mid August
QR 31 December 2020
The starting date of Icon’s programme to rehabilitate the old discovery wells in ATP 855
was delayed
by equipment manufacture and COVID-19 delays, as previously reported. While this is disappointing,
the delays were beyond the control of Icon. The field operations finally commenced on 30th
December 2020 and are continuing at the date of this report.
QR 30 June 2021.
At the present time, Icon is focused reaching on agreement with a joint venturer in ATP 855.
Icon has received an expression of interest from an overseas gas company and due diligence is
continuing with the examination of the data under a signed confidentiality agreement but no
discussion of terms at this time. The timeframe for the due diligence work has been affected by
COVID in that data exchanges are limited to email and Zoom meetings. It has not been possible to
bring representatives to Australia at present to visit the operations. COVID delays are unfortunately
unavoidable. As such Icon is unable to disclose the name of the entity until final terms are agreed.
Discussions are continuing with other parties.Icon plans to produce methane gas, carbon dioxide and hydrogen from the discoveries made in ATP
855. Up to 28 Trillion Feet (TCF) of Gas has been classified by Degolyer and McNaughton as the most
likely gas resource in the tenement with 1.57 TCF classified as 2C Contingent based on the gas flows
from the wells on tests
QR September 2021.
At the present time, Icon’s main focus is on reaching an agreement with a joint venturer in ATP
855.
Two parties have signed non-disclosure agreements but names remain confidentialThe Department of Natural Resources Mines and Energy (DNRME) has granted Icon an extension of the current Later Work Program (LWP) in ATP 855 for two years until 29th October 2022. This
extension was granted on the basis of COVID-19 delays as a Special Amendment of the Authority to
Prospect (ATP) 855 under section 107A of the Petroleum and Gas (Production and Safety) Act 2004
(P&G Act).
The remaining work under the current LWP includes a suite of G&G studies and 300 km2
of new 3D seismic acquisition.Icon successfully plugged Halifax No.1 over the deep gas zones, leaving the shallow gas zones for
future testing. Redland No.1 was completely abandoned.
Following further research into our future program, a lot of effort has gone into carbon capture and
storage (CCS) and production of hydrogen. Therefore, the remaining wells remain suspended and
available for future use in a new Carbon Capture and Storage (CCS) program, with the aim of
becoming a Zero Carbon operating company.Negotiations with potential join venture parties are still being frustrated by the inability for foreign
parties to send technical representatives to Australia visit our office and to inspect ATP 855QR 30 June 2022
Discussions with potential co-venturers are continuing and interest has lifted with the
increased price of gas on the world markets.