WHAT A RELIEFASX ANNOUNCEMENT 22 MAY 2009Habanero 3 Well...

WHAT A RELIEF


ASX ANNOUNCEMENT 22 MAY 2009
Habanero 3 Well Incident – Update
Geodynamics as operator of the Innamincka Joint Venture is pleased to announce that
Habanero 3 has been brought under control and flow from the well has been stopped (day
28 after the incident.)
A synopsis of the well control activities is as follows:
 Efforts to control the well with weighted mud were successful and the flow of steam and
water has now stopped.
 The well has been secured with two cement plugs in the well bore.
An investigation into the causes of the incident and future implications for Habanero 3 is in
progress. A program of work has been developed to carry out the investigation and will
require the removal of the well head and damaged sections of the well casing for
metallurgical and structural integrity analyses. The investigation will take at least six weeks.
Pending the outcomes of the investigation, drilling activities are in abeyance.
Geodynamics wishes to thank both Origin Energy and Santos for the help and support that
each party provided during the well control incident.
The Company will continue to provide updates to the market as material circumstances
change.