News

Issue No. 35 - June/July 2007

Largest land rig boosts hot rocks

Geodynamics investment in a $32 million onshore drill, expected to arrive in SA from the US in July, is Australia's largest and most expensive land rig and will be a welcomed boost to the company's hot rocks project. The 500-tonne will commence drilling at Geodynamics Habanero-3 well in the Cooper Basin. “The rig will revolutionise the potential scale and scope of onshore drilling in Australia,” says Geodynamics' CEO, Dr Adrian Williams. “Subject to a successful outcome of Haba...

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