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Icon Energy Limited ( (AU:ICN) ) has shared an update.
Icon Energy Limited reported a cash balance of $431,414 at the end of the quarter, with no payments made to related parties and directors’ fees remaining suspended. The company did not conduct any exploration activities during the quarter but received a notification for the proposed grant of a Petroleum Lease PL-1144. Icon Energy is awaiting final documentation from the Department of Resources to begin negotiations with potential joint venture partners, which could impact its operations and market positioning.
More about Icon Energy Limited
Icon Energy Limited is a company involved in the exploration and development of conventional gas resources, primarily operating in the Cooper-Eromanga Basin, Nappamerri Trough. The company holds a 100% interest in the ATP 855 / PL-1144 area, focusing on conventional gas extraction.
Average Trading Volume: 183,346
Technical Sentiment Signal: Sell
Current Market Cap: A$4.61M
Find detailed analytics on ICN stock on TipRanks’ Stock Analysis page.