| Panax Geothermal Announcement |
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| Monday, 18 August 2008 | |
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On Monday 18th Panax Geothermal Ltd announced that it has begun an MT geophysical survey of its Limestone Coast Geothermal Project area in South Australia, comprising 159 stations. The survey will help PAX identify hot permeable sandstone reservoirs in the Crayfish Group within three sub-basins of the western Otway Basin. |
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Newsflash
| Further progress news has come from Geodynamics Ltd. Savina 1 was drilling the Patchawarra Formation at 3244 m. Under-balanced drilling had increased the rate of penetration. At Habanero, the Turbine Hall and Visitor Centre have been completed, while work continues on the power plant. The closed-loop flow testing officially commenced, so the six-week flow-test should be completed late January. |
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