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Thursday, February 22, 2007

 

Company ready to drill for hot rocks

‘An Australian company has announced ambitious plans to prove that potentially planet-saving hot rocks are not just a load of hot air.

Geodynamics Limited says it has secured a $32 million drilling rig from Texas and is on track to spud Australia’s first commercial-scale hot rock well by the middle of this year.

The well, to be sunk four kilometres underground in South Australia’s Cooper Basin, could be in commercial production by 2010 if all goes according to plan, the company says.’




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