ICN 13.6% 1.9¢ icon energy limited

rig contract

  1. 3,626 Posts.
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    I have never seen a company take so long to hire a simple land rig. They have been in discussions for many many months. If ICN is argueing about every little issue and they dont realise that the current market is very much in favor of the rig companies, then sooner or later the rig companies will not want to do business with ICN. ICN need to look at the bigger picture and get some wells drilled.
    Hopefully ICN is trying to get the contract signed this week so they can show up at the meeting on Friday with at least some news. If not, then they really deserve to be crucified.Watch for the usual leak and movement in sp before its announced.
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