| Geodynamics' Drill Rig arrives |
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| Monday, 02 July 2007 | |
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Geodynamics Limited is pleased to announce that its Le Tourneau ‘Lightning Rig’ arrived in Brisbane over the weekend as planned. The rig has been fully unloaded from the ship and the first trucks are already enroute to the Company’s hot rock geothermal energy project near Innamincka in the Cooper Basin. The Company intends to immediately assemble the rig upon arrival and complete the commissioning process. Geodynamics remains on track to begin drilling Habanero 3 around the end of the month. |
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| A proposal from Pacific Hydro to the Federal Government was reported in the Australian Financial Review. Amongst other things, PacHydro promoted the connection of remote geothermal energy projects to the national electricity market. |