Icon Energy Limited

Icon Energy Limited (ASX:ICN) (OTCMKTS:ICNOF) advises that the Geoffrey-1 well in ATP 855 is drilling ahead in 12-1/4" hole at a depth of 2,338 metres in the Hutton Sandstone at 06:00 hours (AEST) on Monday 28 October 2013.

Icon Energy Limited (ASX:ICN) advises that the Keppel-1 well in ATP 855 (Icon 40%, Beach Energy Ltd (ASX:BPT) 42%, and Chevron Australia Exploration 1 Pty Ltd ("Chevron") 18% spudded on Monday 3 June.

Beach Energy Ltd (ASX:BPT) advises the following details in relation to its deep onshore gas exploration program, both in PEL 218 (Beach 70%, Chevron Australia Exploration 1 Pty Ltd ("Chevron") 30%(1)) and ATP 855 (Beach 42% and operator, Chevron 18%(1), Icon Energy Ltd 40% (ASX:ICN)).

Beach Energy Limited (ASX:BPT) advises the following details in relation to its unconventional exploration program, both in PEL 218 and ATP 855

Beach Energy Limited (ASX:BPT) will transfer up to 60% of its interests in PEL 218 (Beach 100%) and ATP 855 (Beach 60%) to Chevron. It is envisaged that Beach will potentially receive US$349 million over two stages for both permits over several years.

Beach Energy Limited ASX:BPT) and Icon Energy Limited (ASX:ICN) have agreed to leverage off Beach's PEL 218 success to date by initiating the unconventional exploration program in the ATP 855P permit with a vertical exploration well. The Joint Venture plan to commence the unconventional shale and basin centred gas exploration program in ATP 855P in July 2012.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises it has secured two Ensign Australia Pty Ltd ("Ensign") rigs, Ensign#65 and Ensign#16, to drill both horizontal and vertical wells targeting its unconventional gas play in the Nappamerri Trough of the Cooper Basin. From recent drilling results, it is clear that the target zone in PEL 218 (Beach 90%) goes beyond shale and incorporates other lithologies that are also gas saturated. Beach believes, that in addition to the substantial shale gas potential, it is now dealing with an unconventional basin centred gas play.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announces a strategic alliance with Adelaide Energy Ltd (ASX:ADE) through a potential investment of A$12.1 million via a placement of both shares and options in the company.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) and Icon Energy Limited (ASX:ICN) have resolved their dispute in relation to the prospective ATP 855P tenement, and have agreed to work together under a Farmin Agreement executed today.

Asian Activities Report for March 30, 2011 includes: DYESOL Limited (ASX:DYE) and Tata Steel (BOM:500470) will expand their joint photovoltaics development project in Britain; UGL Limited (ASX:UGL) has signed a property services agreement in the Kingdom of Saudi Arabia; Magma Metals Limited (ASX:MMW) updated on drilling operations at its Thunder Bay North platinum-palladium-copper-nickel project in Canada; Icon Energy Limited (ASX:ICN) signed a liquefied natural gas sales agreement in China.