Icon Energy - ASX code ICN
Icon Energy Limited
(Icon) is an Australia-based company engaged in the exploration,
appraisal and development of oil and gas properties.
The company principally conducts its
exploration activities in the Cooper/Eromanga and Surat basins in
Australia. It also operates in the petroleum sector.
As of June 30, 2010,
the list of mining tenements held by the Company included ATP 549P,
ATP 594P, ATP 794P, ATP 849P, ATP 855P, PEL 218, ATP 560, EPG 49 and
ATP 794P is held by Victoria Petroleum Limited.
ATP 794P covers an area of 14,957 square kilometers and is located
in the Southwest Queensland portion of the Cooper/Eromanga Basin.
As of June 30, 2010, the Company held a 75% interest in Brightspot,
and a 60% interest in Regleigh and Springfield.
As of June 30, 2010, four stratigraphic wells were drilled as part
of a six well program outside the Lydia Pilot Area.
During the fiscal year ended June 30, 2010 Stanwell Corporation
acquired 50% working interest in ATP 626P.
Icon Energy Limited was formerly
known as Icon Oil NL and changed its name to Icon Energy Limited in
November 2000. Icon Energy Limited was founded in 1993 and is
headquartered in Gold Coast, Australia.
4 Miami Key
Gold Coast, QLD 4218
Australia - Map
Phone: 61 7 5554 7111
Fax: 61 7 5554 7100
Raymond Swinbum James Managing Director, Chief Geophysicist,
Director of Exploration and Executive Director 717.00K
Dr. Kevin Jih Chief Financial Officer and Exec. Director
Mr. Ross Edwin Mallett J.D., Bbus, Fcis, FCPA, Legal Counsel
and Company Sec. 345.00K
Richard Holliday Commercial Manger 300.00K
According to Microaxis, the company has return on total asset (ROA) of
(13.88) % which means that it has lost $13.88 on every $100 spent on
asset. This is
way below average. Similarly, it shows return on equity (ROE) of
13.0 % meaning that it generated $13.0 on every $100 dollars invested by
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