Icon Energy Limited (ASX:ICN) is an Australia-based oil and gas exploration company focused on the exploration, acquisition, development, and potential production of conventional gas resources in eastern Australia; it holds a 100% interest in and operates the 1,671 square kilometre ATP 855 tenement (pending conversion to PL-1144) in the Nappamerri Trough of the Cooper-Eromanga Basin, Queensland, targeting naturally fractured reservoirs in the Keppel Gasfield; the company previously identified unconventional tight, shale, and basin-centered gas resources leading to eight Potential Commercial Areas (PCAs 172-179), though current efforts emphasize conventional gas excluding hydraulic fracturing. Incorporated in New South Wales on 5 January 1993 as Icon Oil NL and listed on the ASX in 1997, Icon Energy maintains headquarters in Varsity Lakes, Gold Coast, Queensland. Recent developments include a successful Supreme Court of Queensland appeal overturning the Department of Resources' initial refusal to process ATP 855's renewal application (expired 31 October 2022), with the renewal under ongoing assessment; lodgement of PL-1144 application over the full ATP 855 area on 30 August 2024 in compliance with amended Regional Planning Interests Regulations; issuance of a Notice of Proposed Grant for PL-1144 on 6 February 2025, advancing through standard approvals with an Initial Development Plan outlining four annual development wells, 3D seismic surveys, and gas production targeted within two years of grant; a $900,000 three-tranche funding arrangement with related party Paradise Marine Pty Ltd (James Superannuation Fund), featuring debt conversions and share subscriptions at $0.006 per share approved at the 2024 AGM; ongoing ASX trading suspension pending joint venture partners and financing for development drilling, with reinstatement targeted before 9 January 2026; and board changes including Raymond James as Chairman since October 2023, Jeffrey Marvin as Managing Director since October 2023, and Peter Wilson as non-executive Director since September 2023.