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Cooper Basin Gas play breaking up from basing pattern, page-35

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gassed

21,733 Posts.

2143

10/08/16

14:40

Post #: 18486733
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Originally posted by gassed ↑

Eclectic_nish. With "nothing" appearing to be happening we tend to forget was has happened. The market cap is currently $17.32million.
These are things that are in place now.

What is in Icon’s favour?
1. Cash of $16.5 million
2. Building owned worth $10-12 million
3. Gas resource of 1.57TCF 2C contingent resource at 100%
4. Total possible gas 28TCF (Prospective recoverable resource)
5. Oil prospects that are short term in nature. Hence quick cash flow. (Next move with APT594 and a chance with tenders that have closed)
6. Gas contract in place with China
7. Gas the preferred fuel to generate electricity if new cars turn electric in next 10-15 years.
9. Renewable expensive and not good for base load as seen in South Australia. (Gas has a very long lifetime still ahead).
10. Issued capital only 600 million shares with very stable Top 20 holding over 41%.

And to think that "nothing" was happening behind the scenes would be a huge mistake. APT855 is a massive asset and significant news from that source would not surprise. BPT have new CEO and appear to have oil as its main interest going forward.
Also, what else could Icon do with that cash??

I wouldn't be taking my eye of this space for too long.

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The BOT is back!!! Which way will it go this time?

ICN Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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