origin took over 5 mill $ worth... expecting news on wednesday regarding ho close to finishing well...plenty of good news to come and expecting some press very soon
GEODYNAMICS
L I M I T E D ABN 55 095 006 090
SUITE 6 LEVEL 1 19 LANG PARADE PO BOX 2046 MILTON QUEENSLAND 4064 AUSTRALIA
TEL +61 7 3721 7500 FAX +61 7 3721 7599 EMAIL [email protected]
ASX ANNOUNCEMENT 21 APRIL 2006
Habanero #2 Well Intervention Update
Geodynamics announces that the side track drilling with a turbine motor has
resumed and is now within 1,123ft (342m) of its target depth.
The previously announced lost drill cones were milled out over Easter
requiring two interventions with flat bottomed mills as well as a final successful
clean-up with a tri-cone drill bit.
At the time of writing, turbine drilling has reached a depth of 13,196ft
(4,023m), using a new, more aggressive impregnated drill bit.
A further update is scheduled for release on Wednesday 26 April 2006.
For further information please check our website (www.geodynamics.com.au)
or contact Dr Bertus de Graaf on 07 3721 7500.
Bertus de Graaf
Managing Director
origin took over 5 mill $ worth... expecting news on wednesday...
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