| Geodynamics' Fifth Hole |
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| Thursday, 23 October 2008 | |
| Geodynamics Ltd has announced the commencement of its fifth hole in the Cooper Basin. Savina-1 began on Saturday 18th and has grown to a 564 m depth and 24” diameter. Target depth is 4300 m. Meanwhile, construction work is progressing on the turbine hall for the 1 MW demonstration power plant that will provide Innaminka with free electricity. At Habanero GDY is continuing to work with Schlumberger to get the circulation pump back on site and operating. |
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