| GDY announce drilling commencement of Habenero 3 |
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| Wednesday, 15 August 2007 | |
| The announcement that the entire Australian geothermal industry, and many parts of the rest of the rest of the world, has been waiting on for two year came from Geodynamics Limited on Wednesday 15th with a brief statement: “Geodynamics is pleased to advise that the drilling of Habanero 3 has commenced and the Company is drilling ahead.” |
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| The Australian newspaper has sung the praises of geothermal energy in a number of articles. One article tipped that geothermal will be the first green energy solution ‘past the post’ and noted the importance of policies such as carbon trading and renewable energy targets. The financial pages plugged the shares of the ten ASX listed geothermal companies and quoted a supportive Federal Energy Minister. |