Icon Energy Limited Annual Report 2017

ICON ENERGY TENEMENTS Basin/Area Permit/Area Tenement Area Permit Interest Operator Prospect Type CORE AREAS Cooper-Eromanga Basin ATP 594 1,230 km 2 100% Icon Energy Oil, Gas Cooper - Eromanga Basin, Nappamerri Trough ATP 855 1,679 km 2 100% Icon Energy Shale Gas, Basin Centred Gas OTHER AREAS Cooper - Eromanga Basin, Nappamerri Trough PRLs 33 – 49* 1,601 km 2 33.33% Beach Energy Oil Cooper-Eromanga Basin ATP 549 West** 449 km 2 33.33% Beach Energy Oil, Gas Cooper-Eromanga Basin ATP 794 - Regleigh Block 674 km 2 60% Icon Energy Oil - Springfield Block 1,505 km 2 60% Icon Energy Oil Gippsland Basin PEP 170 804 km 2 100% Icon Energy Oil, Gas Gippsland Basin PEP 172*** 1,312 km 2 100% Icon Energy Gas Gippsland Basin PEP 173*** 1,220 km 2 100% Icon Energy Gas Surat Basin ATP 626**** 757 km 2 100% Icon Energy Oil, Gas * Formerly PEL 218 (Post Permian Section) ** Permit expired on 30 April 2017 *** Permit to be granted **** Permit relinquished on 26 July 2017 TENEMENT LOCATIONS 4 ICON ENERGY ANNUAL REPORT 2017