QUEENSLAND, Australia, Feb. 4, 2009 (GLOBE NEWSWIRE) -- Mr. Raymond James, Managing Director of Icon Energy Limited (ASX:ICN) discusses the high demand for gas and their $36 million dollar deal with Stanwell corporation.
The interview concludes with Mr. James overview of why investors should consider Icon Energy Limited as a long-term opportunity. He states, "The reason that Icon is an attractive investment today is because of its coal seam gas resource. We've estimated that this could be as high as 5.5 trillion cubic feet of gas in place. We have various estimates, but an independent expert has indicated that this resource should be at least 2 trillion cubic feet recoverable."
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Icon Energy Limited:
Icon Energy is proud to be at the forefront of the efforts to meet the energy needs of Australia and globally. The company aims to be a safe, world class gas and oil producer. It is committed to using techniques and processes that minimize green house gas emissions, with a minimum of long-term environmental damage. We believe the shareholder wealth is inextricably linked with a concern for the society at large, for the environment in which we operate, and through the application of ethical business practices. For more information please visit http://www.iconenergy.com/.
Cautionary Statement:
Excluding historical information enclosed in this document and other documents released by the company's representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they use words such as "anticipates", "believes", 'estimates", "plans", "expects", "intends", "projects", "should", "will" and words of similar meaning. These statements involve a number of risks and uncertainties that could cause actual results to materially differ from the potential results discussed in the "forward-looking statements". Some risk factors are known and some are not. Amongst the known factors that could cause actual results and outcomes to differ materially from those contained in such "forward-looking statements" can be identified from the reports filed by the company with Securities and Exchange Commission. Consequently, Market Headquarters cautions you to place undue reliance on any forward looking statements in this announcement. Market Headquarters assumes no obligation to update any "forward looking" statements that it may make.