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Icon Energy Limited ( (AU:ICN) ) has issued an announcement.
Icon Energy Limited is currently navigating regulatory processes to secure the renewal of its ATP 855 permit and the grant of Petroleum Lease PL-1144. The company is working towards forming a new joint venture to develop gas resources in the Great Keppel Gasfield, contingent on securing tenure. The ASX has stipulated that Icon must demonstrate sufficient operational and financial conditions to avoid delisting, with a critical deadline set for January 2026.
More about Icon Energy Limited
Icon Energy Limited operates in the energy sector, focusing on the exploration and development of conventional gas resources. The company holds a 100% interest in the Authority to Prospect ATP 855, located in the Cooper-Eromanga Basin in South West Queensland, which is a key area for its operations.
Average Trading Volume: 183,346
Technical Sentiment Signal: Sell
Current Market Cap: A$4.61M
For a thorough assessment of ICN stock, go to TipRanks’ Stock Analysis page.