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The eligibility criteria for applications for drilling subsidies under the Geothermal Drilling Program (GDP) has been altered following a request from AGEA. Formerly, an eligible well had to be spudded by 30 June 2009. Now, ‘drilling activities’ must commence by 30 June 2009. Such activities can include site preparation and well design, with a rig secured. For those companies unsuccessful in Round 1 (or those companies that didn’t apply), Round 2 applications will officially open in late April 2009, due on 19 June 2009. Start planning now! |
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