Icon Energy Spuds Eolus-1 CBM Well

Icon Energy has spudded its Eolus-1 coalbed methane exploration well on ATP 626P in Queensland’s onshore Surat basin.

The well is expected to take about 14 days to reach a total depth of 1200 metres.

The Eolus 1 and Windom 1 wells are being drilled in conjunction with Goondi Energy (a wholly owned subsidiary of Stanwell Corporation) as part of a farmin agreement and the Stage 2 work program for 2012 in which Goondi has earned an up-front 50% farmin interest in the wells.

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.