Australian geothermal energy company, Geodynamics Limited, in conjunction with joint venture partner Origin Energy, has announced plans to commence drilling at Habanero 4, a geothermal project located in outback South Australia.
Drilling is expected to commence in the first quarter of 2012, and will be to a target depth of approximately 4,170 m, in order to access the existing fracture zone.
Drilling will be undertaken through a gated process whereby success at various stages of the well will be required in order to proceed to the next stage.
Habanero 4 is the first step in an appraisal program that the joint venture has adopted, which, subject to success at the various stages, including the drilling of Habanero 4, as well as other Habanero sites, has the objective of demonstrating a commercial reserve at the Habanero site.
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