geo news from climate spectator

Geodynamics closer to validating Innamincka project

* Published 7:48 PM, 16 Jul 2010
* Updated 7:49 PM, 16 Jul 2010
* TagsCleanTech, South Australia

* ""
* Bookmark this

AAP

High-profile geothermal hopeful Geodynamics says it's moving closer to creating an operating heat exchanger and validating the geological model of its joint venture Innamincka project in South Australia.

Operations have started at Jolokia 1, a joint venture with Origin Energy in the Cooper Basin, to complete the well, fracture the granite and create a geothermal reservoir, Geodynamics said in a statement.

Rig 100 has re-entered Jolokia 1 and successfully drilled through the cement plug set in September 2008, the well has been cleaned and Geodynamics is undertaking scheduled logging to check the condition of the well.

A simulation program is expected to start in late July and run through August.

Geodynamics will then return to Habanero for the drilling of two more wells and the commissioning of the one megawatt Pilot Plant, with the aim of being in a position to make the final investment decision regarding development of the 25 megawatt Commercial Demonstration Plant.

At 1056 AEST, Geodynamics shares were trading 4.5 cents, or 9.09 per cent, higher at 54 cents.
Shares in Origin Energy were up 16 cents at $15.67.