Rivero This is what ATP855 is all about in today's market and it could go to $16 per Gj.
But, let's be conservative as I don't want this to be seen as a ramp because it is too important.
One trillion cubic feet of gas at $12.00 per Gigajoule is worth $12 billion.
Icon’s gas surrounding the 6 wells that have been drilled is 1.57 Tcf at $12 is worth $19 billion.
Icon has prospective recoverable gas of "in excess of" but certified at 28TCF is worth $336 billion.
We are also seeing contracts done at $16 per Gj. And those above numbers at current Australian rates convert to $25 billion and
$473 Billion!!!
That's why that funding is so vital and what would that do to the SP???
Good luck to those who reckon that RJ can do it, the potential rewards are certainly worth the wait for mine!!!
I'm still nibbling away. I am nowhere near a Top 100 holder, just wish I was.
Still reckon that APT594 news must be getting close. Hoping for oil from the seismic survey and a J/V. Happy days again??
ICN Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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