Hydraulic Stimulation Program Commences at Redland-1 Well in Queensland

Icon Energy Limited reported Wednesday that the ATP 855 Joint Venture has completed the Hydraulic Stimulation program at the Etty-1 well in the Cooper Eromanga Basin in Queensland, Australia.

The flow testing of the Etty-1 well will be conducted over the coming weeks and more information will be announced upon a stabilized flow rate from the well.

Condor Energy Services has now moved the hydraulic stimulation equipment to the Redland-1 well location and the hydraulic stimulation program commenced Oct. 28.

As the stimulation and testing program in ATP 855 progresses over the coming weeks, we will provide timely updates to the market.

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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