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Don't think the market has caught onto this yet jake.A shale...

  1. The Sparkler
    1,857 Posts.
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    10/12/10
    13:06
    Post #: 7595307
    Don't think the market has caught onto this yet jake.

    A shale thickness of 200m is very big (in itself) and will substantially increase reserve estimates for the Nappamerri Trough imo.

    Market value of BPT has increased by approx $60mill as a result.

    Thats equivalent to a rise of 13cps for ICN.

    ICN now entering into serious take over territory imo.

    Cheers,
    The Sparkler
    ICN Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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