Icon Energy Limited Annual Report 2017

ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2017 Country of Date of Parent entity: Incorporation Incorporation 30 June 2017 30 June 2016 Icon Energy Limited Australia Subsidiaries of Icon Energy Limited: Jakabar Pty Ltd Australia 18 Dec 1992 100 100 Icon Drilling Pty Ltd Australia 18 Nov 1994 100 100 Icon Gas Productions Pty Ltd Australia 16 Dec 2008 100 100 Icon Oil US (LLC) USA 5 Jan 1993 100 100 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTE 19 - SEGMENT INFORMATION NOTE 18 - CONTROLLED ENTITIES The consolidated entity operates in the oil exploration and petroleum sector, predominantly within Queensland. The majority of its exploration activities are conducted in the Cooper/Eromanga and Surat Basins in Australia. Icon's Board of Directors reviews internal management reports on at least a monthly basis. % Owned NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2017 FINANCIAL REPORT 53 ICON ENERGY ANNUAL REPORT 2017