Tuesday, June 07, 2011
Icon Energy Ltd.
Icon announced that Lydia-12 has been drilled to a depth of 900 meters. Using a 1.8 gm/cc density cutoff a cumulative total of 8.9 meters of coal was penetrated in the well. Three drill stem tests were run to evaluate coal flow potential. All intervals indicated low permeabilities.
The Atlas Drilling Rig #2 has now moved 11 kilometers south east to the Lydia-13 location, which was spudded at 11:00am on Monday, June 6.
Lydia-13 is the last well in the four well drilling program in ATP626P designed to establish sweet spots for gas content, coal thickness and permeability.
The joint venture determined to not proceed with Lydia-12, which has now been plugged and abandoned.
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