The number that ultimately counts is Recoverable Reserves.We can probably say with 100% certainty that they will go up or down on initial estimates. It will take time and many wells before this number can be accurately estimated. So, yes there are always risks in calculating anything below ground that cant be seen or measured or weighed, but at this stage what ICN have does look very promising. In the end , no matter what you have , it is worthless if you cant sell it. I understand that ICN has been doing a lot of marketing behind the scenes and may come up with gas contracts sometime in the first half of 2009.
ICN Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held