Geodynamics
Geodynamics Limited is a company exploring Hot Dry Rock Geothermal
Energy.
Geodynamics is
the only public company in Australia that is fully focused on HDR
geothermal energy.
Stage One of the
Company's Business Plan is now in
full progress. Habanero #1 well was spudded on 15 February 2003 and
completed on 14 October 2003. It was drilled to a depth of 4,421
metres making it one of the deepest wells ever drilled onshore
Australia. The Hydraulic Stimulation Program (fracturing of
granites
underground) commenced following the completion of Habanero #1 in
October 2003 and was completed on 23 December 2003 with a stimulated
zone achieved four times larger than expected.
Wednesday
25th October 2005
Cooper Basin HFR geothermal
project
- underground reservoir further enlarged and enhanced
Geodynamics is pleased to announce that the hydraulic stimulation
through Habanero 1 (as referred to in the last ASX announcement in
September, 2005) has resulted in a 52% enlargement of the Bottom Zone
reservoir and a further significant improvement of the already high
permeability in this zone. To facilitate the conduct of a circulation
test through the Bottom Zone reservoir, it has been decided to drill a
new sidetrack as the current connection between Habanero 2 and the
reservoir is essentially blocked off.
http://www.geodynamics.com.au
