Australia:
Geodynamics Reports on the Company's Activities During the December 2012 Quarter (News Release)
- Successfully conducted open flow testing at Habanero 4. The first open flow test achieved the planned maximum of 35 kg/s at a flowing pressure of 27.7 MPa (4,020 psi). Following a local stimulation the second flow test achieved increased flow of 38 kg/s at 29 MPa (4,200 psi).
- During the quarter the major stimulation at Habanero 4 was completed. Over a period of 14 days commencing 17 November over 24,000 micro seismic events were detected.
- A two stage earn-in and joint operating agreement was entered into with Kentor Energy Pty Ltd, a subsidiary of Kentor Gold Ltd, to acquire up to a 70% interest in a conventional geothermal project on the island of Savo in the Solomon Islands.
