DRILLING

Geodynamics gets more cash backing to drill

GEODYNAMICS and Origin Energy will spud the Habanero-4 geothermal well in the first quarter next year, with the Innamincka joint venture to get more money from the government to cover costs.

James McGrath

Geodynamics gets more cash backing to drill

The JV already has a $90 million grant from the renewable energy demonstration program, and a further assessment of funding arrangements taken out by the government means Geodynamics can draw down funds...

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