29 October 2014 ASX Company Announcements Office Icon Energy Ltd Corporate Update Attached is a copy of an Icon Energy Ltd Corporate Update to be released today. Yours faithfully Ross Mallett Company Secretary Icon…
Corporate Update 29 October 2014 Richard Holliday Commercial Manager
Corporate snapshot Capital Structure ASX Ticker ICN Shares on issue 615,774,351 Share price (October 29th) A0.13 Market capitilisation A80.1 million Cash (September 30th) A21.11 million (no debt)
Achievements 2013-2014 Net profit: A1.57million R&D payment received: A7.49million Share Placement Funds: A18.8million R&D exploration expenditure: A23.04million Cash balance: A21.11million with no debt 2 Prospective…
Eastern Australian gas markets Strong predicted growth in Eastern Australian gas and Asian LNG demand Gladstone based export LNG projects have transformed the east coast gas market Projected gas supply is tight and demand strong…
LNG demand in the Asia Pacific market to grow by 150Mtpa Significant investment through to 2017 will see around 85 mtpa1 of LNG capacity on line across Australia Darwin LNG Ichthys Exporting to Asia 12 mtpa Pacific markets where…
ATP 855 Cooper Basin Queensland Icon Energy holds 35.1% interest in ATP 855 (1,674sqkm) located in the Nappamerri Trough in the Cooper Basin Discovered continuous basin centered gas play Drilled six deep unconventional tight…
Drilling Etty-1 ATP 855 Ensign 965 drill floor depth monitor Ensign 965 drilling rig Etty-1 well head 10
Summary of ATP 855 Drilling Results Completed six well drilling program all with significant gas shows Well Halifax-1 Keppel-1 Hervey-1 Etty-1 Redland-1 Geoffrey-1 TD 4,267m 3,898m 4,269m 3,807m 3,804m 4,125m Gas Shows Yes Yes Yes…
Hervey-1 Hydraulic Stimulations Hydraulic stimulation program will focus on decline rates and establishing estimated ultimate recovery (EUR) from future wells Hervey-1 Stimulated over five stages, flow test commenced in October…
Hydraulic Stimulation APPENDIX 5 zones stimulated in Hervey-1 ; 4 zones in Etty-1 13
Hydraulic Stimulation Redland-1 APPENDIX 3 zones stimulated in Redland-1; 1 zone in Geoffrey-1 14
Condor Energy Services Hydraulic Stimulation ATP 855 Condor Hydraulic Stimulation Pump Condor Hydraulic Stimulation Spread Condor Energy Services Field Operators Condor Blender Condor Energy Services personnel has over 100…
Resource Bookings ATP 855 Gross Unconventional Recoverable Prospective Raw Natural Gas Resource ATP 855 Gross Unconventional Low Estimate Best Estimate High Estimate Prospective Raw Natural Gas (P90) (P50) (P10) (Tcf)1 Gross…
ATP 594 Western flank Cooper Basin Area 1,538sqkm located 140km west of Quilpie Icon Energy operator 100% interest in ATP 594 APPENDIX Adjacent to a resource rich location within the Cooper- Eromanga Basin Undertaking…
ATP 626 Surat Basin Area 741sqkm located 45km north of Goondiwindi Icon Energy operator 100% interest in ATP 626 APPENDIX Undertaking extensive geological review of potential sub surface oil and gas targets 100%…
Investment highlights ATP 855 potential World class tenement and multi Tcf resource Extensive infrastructure in ATP 855 including raw and sales gas pipelines to east coast and Gladstone LNG facilities Quality partners (Beach…
4 Miami Key Richard Holliday P +61 438105460 richard.hollidayiconenergy.com Broadbeach QLD 4218 Commercial Manager www.iconenergy.com
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