Following the successful stimulation and flow testing of Geoffrey-1, the well was recently shut in for extended pressure build up.

Geoffery-1 reached a peak flow rate of 1.1 million standard cubic feet of gas and the Joint Venture has obtained all the required data from this well.

Icon Energy Managing Director Mr James said, the shut in of Geoffrey-1 is a prudent decision and by taking this action we have remained within our exploration budget.