Australia:

Geodynamics Announces Sale of Cooper Basin Operating Base to Beach Energy for $1.5 Million (OilVoice - press release)

Geodynamics retains ownership and responsibility for all geothermal permits including the 1 MWe Habanero Pilot Plant.

Geodynamics Limited has announced that it has entered into an agreement for the sale of the Habanero logistics and operational support base located near Innamincka, South Australia, to Beach Energy Limited, for a total consideration of $1.5 million.

Under the sales agreement, Beach Energy will acquire camp accommodation, operating support facilities for drilling and associated equipment suited to its current field activities. Geodynamics retains ownership and responsibility for all geothermal permits associated with its Innamincka granite resource and ownership and responsibility for geothermal wells, brine pipelines and geothermal facilities including the 1 MWe Habanero Pilot Plant.

Read More.....