Beach Ends Hydraulic Stimulation Program at Queensland's Redland-1 Well

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

Condor Energy Services has now moved the hydraulic stimulation equipment to the Geoffrey-1 well location and the hydraulic stimulation program of the Patchawarra and Epsilon Formations commenced Nov. 12.

As the stimulation and testing program in ATP 855 progresses and stabilized flow rates have been established from the wells 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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