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Icon Energy www.iconenergy.com/

Icon Energy (ASX: ICN) is an oil and gas explorer operating in the Cooper-Eromanga and Surat-Bowen Basins of Queensland, Australia.

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Icon Energy spuds second Surat Basin coal seam gas well

Icon Energy (ASX: ICN) has spudded its second coal seam gas well – Eolus-1 – in the Surat Basin, Queensland, targeting the Walloon Coal Measures.

The earlier Windom-1 well had intersected a thicker than expected coal seam with low permeability.

The 2 wells are part of the second stage work program of Stanwell Corporation’s farm-in to exploration permit ATP 626P.

Stanwell had originally farmed in to earn a 50% stake in the Lydia block in ATP 626P.

However, a 4 well drilling program found the coal seams in the area had lower permeability than needed to proceed to a second pilot project.

The farm-in was then expanded to cover the entire permit and the focus of exploration turned to prospects south of Lydia.

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