  We present results of optical spectroscopic and photometric observation of
the pre-main sequence stars associated with the cometary shaped dark cloud
Lynds 1622, and 12CO and 13CO observations of the cloud. We determined the
effective temperatures and luminosities of 14 pre-main sequence stars
associated with the cloud from their positions in the Hertzsprung--Russell
diagram, as well as constructed their spectral energy distributions using
optical, 2MASS and Spitzer IRAC and MIPS data. We derived physical parameters
of L1622 from the molecular observations. Our results are not compatible with
the assumption that L1622 lies on the near side of the Orion-Eridanus loop, but
suggest that L1622 is as distant as Orion B. At a distance of 400 pc the mass
of the cloud, derived from our CO data, is 1100 solar masses, its star
formation efficiency is 1.8%, and the average age of its low-mass pre-main
sequence star population is about 1 million years.
