Interesting announcement. If they have a discovery then the upside for ICN is more than the 10-15 cents management have suggested because it would open up and validate a number of additional prospects. If the well is dry, then it is really not much skin off ICN's nose as they still have the main prize which is the large CBM resource.
A good oil discovery would be nice though.
Occam
pel 218 spud announcement from ade, page-2
Add ICN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.608M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| ICN (ASX) Chart |
Day chart unavailable