i can't understand market reaction., page-8

All we got on pge 42 in the Fin Review today - so small I can just type it in!: "HOPEFULL ACCORD" - "csg explorer Icon E firmed up an accord to sell 40m tonnes of LNG over 20yrs to Shantou SinoEnergy, but the company has yet to prove any gas reserves". Thats it! I think we are a bit like ERA who is buying in uranium from the open market to meet its commitments - it seems the market is considering that the risk associated with the liabilities ICN has signed up to is greater than the probability of finding bankable reserves to meet the supply by the due date. someone posted about the "big boys shorts" that will have something to do with it too. It will only fly again when the drilling results come back with positive results. All credit to RJ for pulling this off. He is obviously sure he can squeeze enough gas out of that coal to deliver.