Icon Energy Ltd is offering a farm-in opportunity in exploration permit ATP 855-P, located in the Cooper-Eromanga Basin.Â  Icon Energy holds 100% interest in the permit and is looking for a partner to assist in the forward appraisal and development programme.  Icon has reported that it is in discussion with a number of companies regarding the opportunity, that are interested in the appraisal and development phase of the permit.  In January 2019 Icon reported that it was preparing for the next phase of work on the permit, which is hoped to include additional exploration, as well as appraisal of the existing discoveries.Â  The plan for the activity is to demonstrate the commerciality of the resource within ATP 855-P.  Icon reports that for the next stage either a farm-in partner will be required, or additional finance. Â Icon was awarded full interest in the permit at its grant.Â  It saw a number of companies enter the permit, including Chevron. All prior companies divested their interest, with Icon regaining full interest and operatorship in April 2017.  Over the permitâs validity, the joint venture undertook a significant shale gas exploration programme.Â  A number of successful wells were drilled, to evaluating the basin-centred gas potential of the Permian stratigraphy that includes the Toolachee, Daralingie, Roseneath, Epsilon, Murteree (REM) and Patchawarra formations. Several of the wells were fracture stimulated and flowed gas during testing operations.Â  Beach Energy, operator at the time of the drilling and testing programme, reported that results from Stage 1 of the programme had been encouraging, with a large gas resource confirmed.  ATP 855-P, which covers an area of 1,674 sq km, was awarded on 5 October 2010.Â  Icon Energy Ltd holds 1005 interest in the permit and is looking to farm-out interest to acquire a joint venture partner.
Icon Energy Ltd is offering a farm-in opportunity in exploration permit ATP 855-P, located in the Cooper-Eromanga Basin.  Icon Energy holds 100% interest in the permit and is looking for a partner to assist in the forward appraisal and development programme. 