Icon Energy Updates on Halifax 1 Well Drilling (Australia)

Icon Energy provided an update in relation to the drilling of the Halifax1 well in ATP 855P, located in the Cooper Basin, Queensland.

We have been advised that the Halifax-1 well has reached a drilled depth of 3,860 meters. Since last advice to the market on 11 September the well has drilled a further 534 meters and has penetrated the Patchawarra formation. A 24-metre core was cut in the Epsilon Formation in the early hours of Saturday 15th September. An ongoing evaluation of the core is continuing.

Halifax 1 will evaluate the basin-centred shale gas potential in the REM and Patchawarra Formation intervals within the Queensland portion of the Nappamerri Trough with a planned total depth of 4130 meters.

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LNG World News Staff, September 18, 2012