Icon Energy Limited Annual Report 2016

Icon Energy has a strong focus on contractor management, contractor pre-qualification process and training which has contributed to no safety incidents being recorded this year. Icon Energy appreciates the efforts by its contractors, associates and employees, for their contribution in maintaining our excellent safety record. ENVIRONMENTAL MANAGEMENT Icon Energy is committed to ensuring that the impacts of Icon’s operations on the environment are minimal. As part of our planning, operations and rehabilitation activities, we continually monitor our environmental performance to strict criteria. Icon Energy is proud to report, that we have maintained our zero environmental incidents record. During operations in the Cooper-Eromanga Basin in ATP 855, an independent environmental audit was conducted. During the field inspection a total of six well sites and two accommodation camps were audited followed by 11 interviews with operational staff. Overall, the audit observed a high level of compliance with the Environmental Authority conditions. The audit report highlighted a number of good environmental practises and these included: − Attention to detail in the prevention of potential environmental impacts, for example, bunding of small generators − Use of temporary water storages rather than construction of additional ponds − Innovative sewage system at the mobile camp − Clean and tidy sites − Plastic lined flow back ponds − Sites well contained, clean and free of rubbish Environmental planning and research is conducted at the outset of each and every Icon Energy project. From pre-project to post-project, environmental management measures are employed, checked, maintained and recorded. At Icon Energy we operate with care and respect under our Environmental Authorities to ensure the natural environments in which we work are preserved for the future. We take the time to plan, assess, monitor and rehabilitate our projects responsibly. We respect the environment and acknowledge that our care and planning will foster ecosystems, maintain species and honour the livelihood of the people we work with and in the wider community. Wherever the opportunity arises, Icon Energy seeks to employ fellow stakeholders and the local community. In the Surat Basin, in ATP 626, landholder Jack Savill has completed most of Icon Energy’s civil works and is now finalising the second rehabilitation project in the permit. Jack Savill’s expertise and equipment was of enormous benefit to Icon. Icon Energy’s operational health and safety officers and operations staff complete all the necessary accreditation to ensure that all personnel are fully compliant with the oil and gas industry’s stringent health safety and environmental policies and procedures. WORKING TO BENEFIT ALL COMMUNITIES AND CULTURES Icon Energy’s community engagement is focused on maintaining long-term, collaborative and trusting relationships amongst the communities in which we operate. At Icon Energy we respect all cultures and people, seeking to foster their prosperity, quality of life and their relationship with the land and waters. Icon Energy is committed to upholding its strong relationships built over a decade with our fellow landholders in the Surat and Cooper-Eromanga Basins. Where we operate, we ensure that all landholders and traditional owners are consulted and their needs considered prior to conducting any activities. OPERATING SAFELY Icon Energy is committed to the safety of its staff, contractors and joint venture partners. Our safety strategies and culture are focused on maintaining a safe and incident free work place. Icon works with its joint venture partners to raise safety awareness and promote positive safety behaviour in the field. 13 ICON ENERGY ANNUAL REPORT 2016 SUSTAINABILITY REPORT