[HeadUp]

well the text itself is too choppy, if you can find a better pic of that logo, thats a good idea

if not, and this pic you posted is all you have to work with, try using the blur and smear tools to push it in,

or get rid of it, use a new pic and use one of your own fonts to create a logo-- rasterize the text layer by right clicking on it and selecting that option, then use the lasso tool to move the latters closer together to look more like an icon

also see if you can add some blood to the pic somewhere, or low-opacity pagan symbols for effect rock: good luck

ps. i thought the satyricon one rocked, that dude looked scary as hell