31 Jan 2006quarterly activities report● Neutral
Quarterly cash report for December 2005 quarter: cash at end of quarter $149k, helped by $280k raised in a share placement. Planned spending next quarter is only $15k.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Jan 2006quarterly activities report● Neutral
December 2005 quarter operations report: 10m shares placed at 2.8c raised $280k. First Bayou Choctaw well (19% interest, carried) delayed to February 2006. Icon is negotiating a new farm-in for Stitch No.1 in ATP 626P after the earlier farmout expired.