right to revise my prediction., page-3

Hi peterhag,
In my back of the envelope calcs I have taken into account the probability of ongoing reserve additions, however, this appears to be from an area and horizon where no additions were expected so this is good news from that perspective. Proving up reserves over a large area always involves a few steps forward and the odd step back so we will have to see a continuation of the progress so far.
Any proven recoverable reserves in excess of 2tcf will certainly make ICN a billion dollar company, ie a sp over $2.The added value comes from being able to sell the gas or being taken over.
This is why I am confident of $1 by year end but there is some big upside on that depending on what happens.
We also tend to forget that there is also an ongoing exploration program for conventional gas and oil.
Occam