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ICON ENERGY LIMITED

National briefs

A meeting of federal and state transport ministers in South Australia on Friday agreed to set up a national maritime regulator for domestic commercial vessels. The ministers also agreed to set up a land-use planning regime to prevent inappropriate developments around airports.

New Beach capital boosts possibilities

Beach Energy’s $335 million capital raising is more than just for organic growth opportunities, Merrill Lynch says.

Bank has the good oil on Woodside

It’s well into February and the 2012 predictions are still rolling in, with Commonwealth Bank the latest to try soothsaying for the oil and gas sector.

Businesses abandon Labor ship

In an ominous sign for Labor, businesses in Queensland are ready to take a chance on a change of party in government.

Senex in cross-hairs of AGL Energy

Shale gas explorer Senex might have foreign players sniffing around but real interest has arisen closer to home.

Beach locks in rigs for shale gas drilling

Beach Energy, one of the local pioneers in Australia’s emerging shale gas sector, has signed contracts for two drilling rigs for its shale gas appraisal drilling program in the Cooper Basin in 2012.

Icon Energy (ICN)

Oil and gas junior Icon Energy was issued with a speeding ticket on Friday after its shares rose by more than 25 per cent, to 24¢ from 19¢.

Icon takes new sales partner

Icon Energy says its proposed liquefied natural gas sales project with Shenzhen SinoGas took an important step forward with the introduction of a new Chinese state-owned joint venture company to the scheme, ShanTou SinoEnergy.

Icon granted key petroleum tenement

Icon Energy has been formally granted a key petroleum tenement, ATP 855P, which is within the rich Nappamerri Trough on the Queensland-South Australia border.

Icon Energy nets acreage

Icon Energy has been successful in bidding for key onshore acreage in the Gippsland Basin.

Oil struggles to break through the $US80 barrier

Crude oil prices have struggled to break out of a narrow trading band over the past 12 months, oscillating between $US70 and $US80 a barrel.

Coal seam gas yet to deliver

Some investors feel conned by the hype surrounding smaller coal seam gas companies and their share prices.

Tide changes for tiddlers in tiny end of market

Small-cap funds have struggled after strong performances across the board last year.

Company briefs

Engineering group Clough appointed Roger Rees as deputy chairman and Nigel Harvey as a director.

$32bn worth of gas to find

Gold Coast coal seam gas minnow Icon Energy has signed an unlikely $32 billion liquefied natural gas supply deal with China despite not holding any commercial gas reserves of its own.

Brief: Icon Energy

Icon Energy reports the Lydia No 9 well has reached target depth of 850.6m.

Brief: Icon Energy

Corporate news snapshot for Icon Energy

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