| Geodynmics signs rig agreement with Westpac |
|
|
|
| Wednesday, 01 August 2007 | |
|
Geodynamics Limited announced that it has signed an agreement with Westpac Bank that “allows for the sale and lease back of its $32m Lightning Drill Rig.” This agreement give GDY the flexibility to free up capital should it be required, and builds a relationship with Westpac that could prove valuable for capital intensive future stages of development. |
| < Prev | Next > |
|---|
Login
Newsflash
| Graeme Beardsmore, Technical Director of Hot Dry Rocks, attended a PESA seminar in Melbourne to hear about temperature modelling, petroleum-industry-style. He was astonished by the evident lack of rigour still prevailing in the petroleum industry when it comes to thermal matters and commented that that industry’s disrespect of thermal modeling is scandalous and potentially damaging if it leaks into this sector! |
Latest News
Copyright © 2005 - 2008 Hot Dry Rocks Pty Ltd