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Ann: Icon Announces Contingent Resources in Lydia, page-2

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  1. 56,683 Posts.
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    re: Ann: Icon Announces Contingent Resources ... Icon receives maiden resource certification at Lydia
    12:54, Friday, 21 August 2009

    Sydney - Friday - August 21: (RWE Aust Business News) - Icon
    Energy (ASX:ICN) has a maiden resource certification for CSG resources
    within the Lydia pilot, an area representing 13 per cent of ATP 626,
    Queensland.
    The CSG resource is 260 PJ with all three wells now flowing gas
    and water.
    Icon has called for tenders for its new drilling program which
    will consist of a further 11 wells.
    A cultural heritage indigenous management agreement has been
    signed and one third of the proposed 303km seismic lines have been
    cleared by the traditional owners.
    The seismic is an important component of selecting future well
    sites and increasing certified reserves.

    FYI.
 
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