Icon Energy Limited Annual Report 2016

ICON ENERGY TENEMENTS Basin/Area Permit/Area Tenement Area Permit Interest Operator Prospect Type Cooper-Eromanga Basin ATP 594 1,230 km 2 100% Icon Energy Icon Energy Cooper Basin Nappamerri Trough ATP 855 1,679 km 2 35.1% Beach Energy Beach Energy Cooper Basin Nappamerri Trough PRLs 33 – 49* 1,601 km 2 33.33% Beach Energy Beach Energy Cooper-Eromanga Basin ATP 549 West 449 km 2 33.33% Beach Energy Beach Energy Cooper-Eromanga Basin ATP 794 - Regleigh Block 674 km 2 60% Icon Energy Icon Energy - Springfield Block 1,505 km 2 60% Icon Energy Icon Energy Gippsland Basin PEP 170 804 km 2 100% Icon Energy Icon Energy Gippsland Basin PEP 172** 1,312 km 2 100% Icon Energy Icon Energy Gippsland Basin PEP 173** 1,220 km 2 100% Icon Energy Icon Energy Surat Basin ATP 626 757 km 2 100% Icon Energy Icon Energy * Formerly PEL 218 (Post Permian Section) ** Permit to be granted 4 ICON ENERGY ANNUAL REPORT 2016 TENEMENT LOCATIONS