Page 12 - Icon Energy 2014 Annual Report

REVIEW OF OPERATIONS
12 ICON ENERGY LIMITED 2014 Annual Report ABN 61 058 454 569
Members of the Condor Energy team operating in ATP 855 in the Cooper Basin, Queensland
The estimates of contingent resources must be read in conjunction with the explanatory and cautionary statements on page 5 of this
Annual Report.
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*Contingent resources are those quantities of wet gas (produced gas minus carbon dioxide) that are potentially recoverable from known accumulations but which are not considered to
be commercially recoverable due to the need for additional delineation drilling, further validation of deliverability and Original Hydrocarbon in Place (OHIP), and confirmation of prices and
development costs.This is based on a statistical aggregation method using Monte Carlo simulation estimates for each formation. Announced to the ASX on 26 August 2013
Summary of ATP 855 Drilling Results
Well
TD
Gas Shows
Stimulation stages
1C Contingent
resources (gross)*
2C Contingent
resources (gross)*
3C Contingent
resources (gross)*
Max. flow rate
Comments
Halifax-1
4,267m
Yes
14
Etty-1
3,807m
Yes
Geoffrey-1
4,125m
Yes
Hervey-1
4,269m
Yes
Redland-1
3,804m
Yes
Keppel-1
3,898m
Yes
N/A
318BCF
4.2MMscf/d
TBA TBA TBA TBA TBA
629BCF TBA TBA TBA TBA TBA
1,115BCF TBA TBA TBA TBA TBA
Target interval
gas saturated
supported
by mud gas
readings
Highest gas
flow rate from
unconventional
shale gas well
in the Cooper
Basin
Hydraulic stimulation commenced in September 2014
Target interval
gas saturated
supported
by mud gas
readings
Target interval
gas saturated
supported
by mud gas
readings
Target interval
gas saturated
supported
by mud gas
readings
Flowed gas
to surface
unstimulated
Flowed gas
to surface
unstimulated
2
2
2