From their announcement on Sep 2, "Icon Energy Ltd Raises Funds...

From their announcement on Sep 2, "Icon Energy Ltd Raises Funds for Pilot Production Test":

"The money raised in this placement will be used to fund the drilling of new coal bed methane (CBM) wells in ATP 626P as detailed in “Stage 2” of our exploration program announced on 25th August 2008. Stage 1 of that program is on track with funding in place from the previous placement.

These new wells begin the pilot program to test the commerciality of the gas resource in Lydia No.1 drilled last year. This part of Stage 2 is to establish production flow rates for gas, permeability, and gas content measurements. De-watering is also part of the testing process. This program should result in an improved resource classification to the 1P, 2P, and 3P status."