Icon Energy Limited has signed a drilling contract with Ensign International Energy Services for the Ensign Rig 960. The Ensign Rig 960 will drill two wells, Eolus1 and Windom1 in ATP626P in Queensland and the first well is expected to spud in early May 2012.

'With the addition of the two wells in ATP626P this brings the total number of wells to be drilled over the next few months to five. This is the first time in our history that Icon Energy has been involved in such a concentrated exploration program across three tenements in two states, Queensland and Victoria', said Mr James.

The first drilling operations will be conducted in ATP626P, in which Goondi Energy (a wholly owned subsidiary of Stanwell Corporation) has farmed into and these two wells are part of the farmin agreement and the Stage 2 work program for 2012.

Tags: Icon Energy