Icon gets green light

Written on the 2 December 2010

AUGUST 2010

ICON Energy has received the green light to drill on its EPG 49 and EPG 51 tenements on the eastern side of the Queensland and South Australian border.

Queensland Minister for Mines and Energy Stephen Robertson, granted geothermal exploration permits effective from August 1.

Icon CEO Ray James says the tenements are beneath ATP 855P and is also pending drilling approval permits. Icon won the permits by competitive tender to drill deep shale gas.

Icon Energy is the operator for the new geothermal exploration permits and has 100 per cent working interests in both permits.

It will include geological and geophysical studies, gravity surveys, seismic acquisition and the drilling of wells during the first five year periods of the permits. The term of the exploration geothermal permits is for five years until July 31, 2015.

Icon is in due diligence with China’s Shenzhen Sino Industrial Development Company for a potential $32 billion export deal.


Latest News

FLYING START TO 2017 PASSENGER NUMBERS FOR GOLD COAST AIRPORT

RECORD numbers of travellers used the Gold Coast Airport (GCA) in January this year, continuing a five-year trend ...

SUNCORP SAYS IT'S 'COVERED' AGAINST FINANCIAL COST OF CYCLONE DEBBIE

INSURER Suncorp (ASX: SUN) says it is "well protected" against the financial impact of Cyclone Debbie th...

ADELAIDE DIGITAL MARKETING GURUS CHANGING THE FACE OF ONLINE RETAILING

Frank Grasso, CEO of Adelaide based Dynamic Creative, believes his company's new software will revolutionise Adwo...

WHY A JUNIOR MINER DECIDED TO JOIN THE RANKS OF THE HOT POT STOCKS

USUALLY, when a relatively unknown explorer experiences a sharp spike in its share price, it means they've fou...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter