secret service, page-10

Jake, i know ICON have no income flow from oil or gas unlike SXY,DLS,BPT, so at the present share prices of the respective companies are SXY,DLS, BPT under valued,on par or over valued and at 27cents is ICON fully valued.

Would ICON be better off to try and t/o a small producing oil company in the Cooper the likes of COE or ACN preferably COE who have 70mil in the bank.

SXY( correct me if i'm wrong) were VIC PETRoLEUM who had no oil production till they took over STU had a name and board change and instead of wallowing doing nothing are now flying.

The problem with ICN we have 2 gsa's, hopefully gas in the ground that BPT will find with the first well but after that we do not have the cash flow to continue to get the PJ to the surface to satisfy the GSA's. In my opinion management have gone down the wrong path.Cheers.