I suppose my argument is, if BPT are going to takeover Icon,...

I suppose my argument is, if BPT are going to takeover Icon, they would be trying to do so before flow rates from fraccing are released. Otherwise they will be chasing an (upwardly) moving target. Given the time to fraccing, and the time BPT have had to takeover Icon already, and have not done so, I think the chances are low.

However, if fraccing in 218 produces good results, I would see a cashed up international as the most likely to make a pre-emptive (i.e. before 855 is actually drilled and fracced) takeover bid for Icon in 2012, rather than a cash strapped and very busy BPT.

Just my opinion.

Regardless, upcoming fraccing of 218 can only be a good thing for Icon's shareprice.