Icon Energy Limited is an Australia-based oil and gas exploration company. The principal activities of the Company include the exploration, appraisal and development of oil and gas properties. The Company has a diverse portfolio of prime acreage in the Cooper/Eromanga, Surat and Gippsland Basins. The Company's tenements include ATP 855, PRL's 33-49, ATP 594, PEP 170, PEP 172, and PEP 173. ATP 855 is located in the Cooper Basin, southwestern Queensland, onshore Australia, and is composed of eight prospective commercial areas (PCAs) covering a surface area of about 1,679 square kilometers. It has about 33.33% interest in the post-Permian section of the remaining PRLs 35, 37, 38, 41, 43, 44, 45, 48 and 49 in South Australia. PEP 170 is located in Gippsland Basin that covers about 804 square kilometers. PEP 172 is located in Gippsland Basin that covers about 1312 square kilometers. PEP 173 is located in Gippsland Basin that covers about 1220 square kilometers.