Australia:

Habanero 4 Drilling Progress (Press Release - 4-traders)

Geodynamics Limited, operator of the Innamincka Deeps Joint Venture, is pleased to report that drilling continues in the 311mm (12 ¼") section and is currently at a depth of 3,570 m.

Drilling progress remains in line with pre-drill plans. Average daily rates have slowed as the drill has entered the Patchawarra and Tirrawarra Formations which consist of hard, recrystallised sandstones, siltstones and interbedded coal seams of Early Permian age.

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