ICN 0.00% 0.6¢ icon energy limited

half yearly accounts released., page-2

  1. 260 Posts.
    From the Director's Report in the recent ann:

    "prospective gas resources independently estimated for the 5.43 Tcf (PIIP) estimate is in the range of as little as 430 PJ to 2050 PJ. Icon believes this range to be conservative, as other modelling assumptions result in higher values. Icon's appraisal program over the next 9-10 months is designed to provide actual data to confirm these number estimates by moving the prospective resource categorisation to a proven gas reserve."

    The lowest of their estimate would put the almost inline with Sunshine Gas' 469 PJ of 2P. If they proved beyond that - wow.

    Come on ICN, let's get drilling!
 
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