re: oil strike!! more to come... Very nice action on ICN today. Was surprised they did not release update to ASX. Usually, ICN have put out the announcements before horizon. Not today. Horizon released it late around 3:30pm and a very innocuous looking one at that unless you read it carefully.
"..7 inch casing set...at depthof 7,950 feet. This puts the 219 feet gross/74 feet net pay in three zones.....behind pipe for later completion as a..."
wait for it,
"PRODUCER."
But still nothing from ICN. Instincts tell me that perhaps they will announce multi-update Bayou and maybe Stitch (which of course horizon not a partner of). Maybe I'm reading too much into it. Maybe their fax machine broken??? But that wouldn't explain the price movement today, would it. Looks like tomorrow is the day for news. Pol
As usual do your own research.
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