Icon Energy Corp 2019 AR2
The report details Icon Energy's activities for the 2018-2019 fiscal year, focusing on its oil and gas tenements in the Cooper-Eromanga and Gippsland Basins. A significant highlight was the discovery of a large gas resource in ATP 855, although the company faced challenges in securing farm-out agreements, leading to a substantial asset impairment of $28.2 million. The company underwent a major staff restructure and board retirements to conserve cash. Notably, Icon Energy maintained a record of zero safety and environmental incidents throughout the reporting period.
Company: Icon Energy Corp
Sector: Transport & logistics
Country: Greece
Year: 2019
Type: AR2
Pages: 68
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Icon Energy Corp
Annual Report
The report details Icon Energy's activities for the 2018-2019 fiscal year, focusing on its oil and gas tenements in the Cooper-Eromanga and Gippsland Basins. A significant highlight was the discovery of a large gas resource in ATP 855, although the company faced challenges in securing farm-out agreements, leading to a substantial asset impairment of $28.2 million. The company underwent a major staff restructure and board retirements to conserve cash. Notably, Icon Energy maintained a record of zero safety and environmental incidents throughout the reporting period.
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Document Details
Report Year
2019
Reporting Period
Jul 1, 2018 - Jun 30, 2019
Fiscal Year
2019
Published
Sep 30, 2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities