Drilling Continues at Etty-1 Well in ATP 855 in Cooper-Eromanga Basin

Icon Energy Limited revealed Wednesday that the Etty-1 well in ATP 855 in the Cooper-Eromanga Basin in Queensland, Australia has reached a depth of 8,743 feet (2,665 meters) in the Nappamerri Group. Intermediate 9.625 inch casing is being run in the hole to a prognosed depth of 8,727 feet (2,660 meters) and the rig will then prepare to drill ahead in 8.5 hole.

Etty-1 is specifically targeting the shale and basin-centred gas potential of the Permian Formations from the top Toolachee to top Patchawarra and is programmed to reach a total depth of 12,467 feet (3,800 meters). The well will be cased and suspended for fracture stimulation and production testing to assess the deliverability potential of the unconventional gas play.

Joint Venture Interests in ATP 855

  • Icon Energy Limited: 35.1 percent
  • Beach Energy Limited: 46.9 percent (Operator)
  • Chevron Australia Exploration 1 Pty Ltd: 18 percent

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