This is from Icon's quarterly report in which ADE has a 20 per...

This is from Icon's quarterly report in which ADE has a 20 per cent interest:

Queensland Petroleum Exploration ATP855P
No activity has been undertaken in relation to this tenement during this quarter. The (independent) US Energy Information Administration's (EIA's) World Shale Gas Resources report(EIA Report) published on 5 April 2011 has significantly raised the potential gas in place in the
ATP855P tenement.

The EIA Report's Initial Assessment of 14 Regions Outside the United States places the Shale Gas resource potential in the Cooper Basin as a whole at 342TCF (trillion cubic feet) of gas (Risked GIP), with the recoverable equivalent at some 85TCF. Using the EIA's assessment, Icon Energy's internal estimates conservatively place the potential recoverable amount from ATP855P at some 20TCF.

A copy of the relevant section of the EIA Report is attached to this Quarterly Activities Report from
page 14. Assuming the EIA Report is corroborated through drilling operations (expected to commence in the second half of 2011), it is anticipated that the potential of ATP855P alone will be significantly more than sufficient to underpin the necessary feedstock for the production of LNG contracted for supply to Shantou SinoEnergy under the terms of the LNG Sales Agreement (executed with Shantou
SinoEnergy on 29 March 2011).