Australia:

Geodynamics Limited : Habanero 4 Drilling Progress (News Release - 4-traders)

Geodynamics Limited operator of the Innamincka Deeps Joint Venture, is pleased to advise that it has cased and cemented the 406mm (16") section.

Since the last update, the Joint Venture experienced a delay in operations, due to the need to repair and replace items of surface equipment damaged during routine equipment testing, prior to casing and cementing the 406mm (16") section. The Joint Venture is currently preparing to drill ahead in the 311mm (12 ¼") section.

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