Icon Energy Limited Annual Report 2022

Icon’s main focus remains on obtaining funding for its projects, with the immediate priority being ATP 855. Icon continues to pursue potential venturers to farmout its 100 percent working interest in ATP855. Throughout the past year Icon has conserved its cash while pursuing its capital raisings. The Non-executive Directors’ fees have remained the same since they determined to reduce their director’s fees by 20% effective 1 January 2018. No staff bonuses were paid and the Performance Rights Plan (bonus scheme) which lapsed in November 2017 was not renewed. I would like to thank Icon’s team for their dedicated efforts over the past year. I am hopeful that Icon’s planned new activity will be reflected in a better price for Icon’s quoted securities soon. S M Barry Chairman Seismic nodes long right side of track Icon Energy Annual Report 2022 3

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