G'day Rock. Very good to see the "quality" of that presentation...

G'day Rock. Very good to see the "quality" of that presentation and, maybe, that might have triggered off the buying surge yesterday. You don't know what might have been said over a cuppa or a beer when they were socializing. Very coincidental, otherwise, need to see if it is sustained next week, or, just a one off which would support the post-presentation "chat" theory.

Also glad to see a "Commercial Manager," on staff, as if we look at all the numbers being bandied around, we will need one to work through what is in 855 alone. The "guesses" re 855 are that ICN's 40% share is up to 8TCF and if they got nearly $30 billion for their Shantou GSA of 2.2TCF, then it makes a potential of around $100 billion of total sales just from 40% of 855!!!
So, a "Commercial Manager" will need to be very good.

But, the sceptics will immediately remind us that we might have a "Commercial Manager" BUT we still don't have a "PRODUCTION Manager." Horse before the cart, or continuing RJ's policy of selling before drilling??

Whether we like it or not and whatever RJ does or doesn't do, ICN is now in the spotlight AND the firing line.
Just a matter of what happens from now on and frankly, I think that the SP is in for a fluctuating ride, depending who want's to get a piece of the action and/or how much of that action.
Perfect storm for SH to just watch it happen, because, "something" will inevitably happen in coming weeks and months which will influence the SP either way. This is not going to be another 2011.

IF (and it is still not a given) Encounter comes up with the goods, with many sitting on the fence waiting for PROOF of BPT statements to date, we will see a significant change in the landscape of 218 and 855 and ICN will be VERY busy building defences to keep a hold on these very precious assets, in fact, the whole company.

Meanwhile, it would be great to see some pro-active statements coming out from the company to keep us in the loop (where is that Newsletter when we need it?).
But, let's enjoy the ride with the SP and hope that it is not just another temporary spike. I seem to think that it has some "weight" this time just with what is happening all around us. Best of luck all holders.