Hot Dry Rocks Pty Ltd

Geodynamics rig arrives at Habanero #3

Monday, 23 July 2007
Geodynamics announced that their new Le Tourneau “Lightning Rig” has arrived on the site of Habanero #3 and has been largely assembled. GDY expect to begin drilling in early August!

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Panax Geothermal Ltd declared its proposed acquisition of Osiris Energy Ltd unconditional. Originally, the merger was conditional upon PAX raising a minimum of $20 million for development funding. The proposed merger remains subject to approval by the PAX shareholders.

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November 24, 2008

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