ICN 0.00% 0.6¢ icon energy limited

If all goes well with the drilling/testing, it will be...

  1. 260 Posts.
    If all goes well with the drilling/testing, it will be interesting to see how the market responds considering the Stanwell Agreement.

    I'm still not sure if this agreement (from a market sentiment perspective) will handicap ICN due to so much resource being committed to Stanwell, or if value is seen in the guaranteed revenue stream of sales that comes with Stage Two of the deal (which in the future may turn out to be a prudent and wise move, who knows?).

    The proof will be in the results. If Stage One goes well, Stanwell will certainly move into Stage Two, so I guess if the market doesn't favour the agreement, then we can hope for a surplus of gas that ICN can call their own.

    I do hope I'm wrong, and we have ride similar (or better) than BOW. There still seems to be plenty of heat in this sector.

 
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