One-Page Deal Sheet
Beach Energy and Icon Energy To Jointly Develop Australia Shale
Icon Energy Ltd. Beach Energy Limited
Announced Date
July 17,2012
Transaction Type
JV
Asset/Basin:
{"Cooper Basin","Nappamerri Trough"}
TargetZones:
{"Nappamerri Trough"
Transaction Details: Subscribe to see
Beach Energy Limited and Icon Energy Limited have agreed to leverage off Beach’s PEL 218 success to date by initiating the unconventional exploration program in the ATP 855P permit with a vertical exploration well. The Joint Venture plan to commence the unconventional shale and basin centred gas exploration program in ATP 855P in July 2012.
Over the past twelve months, Beach has delivered excellent results from its Cooper Basin Nappamerri Trough unconventional exploration program in PEL 218.
Beach are in a position as operator to bring its experience to ATP 855P, with Beach recommending, and…
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