| New deal between Geodynamics and Origin |
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| Monday, 29 October 2007 | |
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A major new deal was announced on Monday 29th between Geodynamics and Origin Energy. Origin, which already holds 10% of GDY, will take a 30% stake in GDY’s South Australian tenements and a 30% stake in GDY’s new Lightning drill rig. This is a major development for GDY and more proof of the growing interest of the petroleum sector in geothermal energy. |
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| On the 3rd of November, Panax announced to its share holders that an Extraordinary General Meeting will be held on the 4th of December 2008 regarding the merger of Panax and Osiris Energy. |
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