| Flow Test Commenced |
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| Monday, 17 March 2008 | |
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Flow test commenced 14th March 2008
On the 17th of March 2008, Geodynamics announced that Habanero 3 well was first opened under controlled flowing conditions on Friday 14 March 2008. The well is sustaining production of 18 kg/second at a flowing pressure of 27.5 MPa (3,990 psi) through a 12.5mm fixed choke. Current flowing temperature is 208 °C. The flow is directed to a steam separator designed for up to 25 kg/second input. In one short experiment lasting 3 minutes the variable choke was opened to 100% and production of 40 kg/second was sustained over that period. |
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The Australian Financial Review wrapped up the year on Friday 28th 2007 with an article entitled “Future is Geothermal”, in which it reviewed the current crop of listed companies, farm-in-ees and prospects for the future. The conclusions were succinctly summarised in the article’s title. |