Icon Energy's Halifax 1 to Begin Hydraulic Stimulation on Dec 22

Icon Energy has said that Halifax 1, its shale gas well, is scheduled to commence hydraulic stimulation on December 22, 2012.

The well was drilled to a total depth of 4,267 metres and the company said that the well has exceeded expectations on all indicators and in company’s view the results from other gas wells drilled in the Nappamerri Trough to date.

A 15 stage stimulation of Halifax 1 across multiple zones will be guided by the ongoing stimulation results from the Moonta 1 and Streaky 1 wells in PEL 218, which is wholly owned by Beach Energy.

Meanwhile, Icon and China’s Shantou SinoEnergy Co Ltd have agreed to extend the completion date for conditions precedent in the Gas Sales Agreement signed by both parties in March 2011.

“The successful extension of the Shantou SinoEnergy Gas Sales Agreement allows Icon Energy to fully investigate a number of gas supply options in Australia,” a stsement by icon said.