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Geodynamics increases flow rates at Cooper Basin geothermal well  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 22/11/2012

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(MENAFN - ProactiveInvestors - Australia) Geodynamics (ASX: GDY) has achieved higher flow rates and flowing pressure with the second open flow test at its Habanero-4 geothermal well in the Cooper Basin.

The test achieved an average production rate of 38 kilograms per second (kg/s) at a flowing pressure of over 4,200 psi after local stimulation was completed.

The local stimulation saw 1,900 cubic metres of water pumped into the well over a two day period.

Major stimulation has now commenced to extend and enhance the known fracture zone. This is expected to be completed in early December.

Geodynamics has a 70% stake and is the operator, with Origin Energy (ASX: ORG) a 30% stake.

 






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