Ann: Announcement of Recoverable Prospective Resource in ATP855, page-4

Keep in mind that Icon's major objective is to prove up 2.2TCF of 2P Reserves to put that GSA in play.
This report is a preliminary to that and the next step is to frac and test these next 4 wells with the aim to take them to the stage already achieved with Halifax-1, the 2C Contingency Resource stage which will then be the essential platform to take them to the 2P "Reserves" stage which is the ultimate goal.
Then it will all depend on "doing the sums" to satisfy those criteria, must be discovered, recoverable, commercial.

But, this is just what the doctor ordered at this stage and the J/V can now proceed knowing that they at least have a chance of success by satisfying that major first step, enhanced by the fact that one well, Halifax-1, should it be repeated in these next 4, has already satisfied the second stage and all of them are in the same "basin centred" gas province!!!

One step at a time, but, so far so good!!!