There is always a chance of any exploration well not going as planned.
but, I f I had the cash, I would buy more ICN shares, not just because of Halifax-1 but ICNs holdings in the Gippsland basin also.
APT855 has always been held buy all Gas exploration companies , is the sweet spot of the Nappamerri trough in the cooper basin. It was a most prized tenement for all, and ICN won it.
Doing my own research , I believe Halifax-1 will be a combination of the Moonba 191 well and Moonta-1 gas flows. In other words a commercial well.
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There is always a chance of any exploration well not going as...
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