Geodynamics Reports Well Incident at Habanero 3 in Australia

Geodynamics, as operator of the Innamincka Joint Venture, has advised of a well incident at its Habanero 3 well site, located near Innamincka in remote South Australia.

Geodynamics Managing Director Gerry Grove-White said, "Importantly no one has been injured and the site has been secured to ensure the safety of personnel and the public."

At 8:30pm local time on April 24, 2009, a loud noise was heard and it was identified that water and steam were flowing to the surface at the Habanero 3 well head.

"Geodynamics is taking the matter extremely seriously and we have today mobilized an expert well control recovery team, comprising specialist engineers," Mr. Grove-White said.

Geodynamics is working with relevant authorities in response to this event and will provide further updates as they become available.

Participants in the Innamincka Joint Venture are:

  • Geodynamics (Operator) -- 70%
  • Origin Energy Geothermal Pty Ltd* -- 30%

* A wholly owned subsidiary of Origin Energy Limited


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