PEP 173

In December 2011, the Department of State Development Business and Innovation (DSDBI) offered to grant Icon Energy PEP 173. In accordance with the conditions of grant for PEP 173, Icon Energy was also required to complete an Indigenous Land Use Agreement with the Gunaikurnai Land and Waters Aboriginal Corporation Registered Native Title Body Corporate (ILUA) which was executed in August 2013.

Government Moratorium on Hydraulic Fracturing in Victoria
Following its review of the Parliamentary Inquiry into Unconventional Gas in Victoria, the Victorian Government announced on 30 August 2016 a permanent ban on the exploration and development of all onshore unconventional gas in Victoria, including hydraulic fracturing (“fracking”) and coal seam gas.

The Victorian Government will also legislate to extend the current moratorium on the exploration and development of conventional onshore gas until 30 June 2020.