Icon to Perform Drill Stem Tests at Lydia Well

Icon is currently coring Lydia-13 at a depth of 759 meters.

The Company expects that coring will be completed within the next day, following which wire line logging and drill stem tests will be carried out.

Lydia-13 is the last well in the four well drilling program in ATP626P for the current budget year ending June 30, 2011. Subject to board and joint venture partner approval, a following drilling program is expected to commence in the new budget year beginning July 1, 2011. This program would be located in the most promising areas found so far and not necessarily restricted to the farm-in area.