Geodynamics Ltd releases second quarterly report of 2014
Steam flow at Habanero 3 March 2008 (source: Geodynamics)
Francisco Rojas
25 Jul 2014
Geodynamics Ltd. has just released a quarterly report highlighting the operations in Copper Basin, the exploration project in the Solomon Islands and the Takara geothermal project among others.
Activities for the quarter were concentrated on progression of key agreements with Beach Energy regarding the Habanero Project and progression of the Pacific Islands projects.
• Signing of an Exclusivity Agreement with Beach Energy Limited, for the right to negotiate a farm-in to Geodynamics geothermal exploration tenements in the Cooper Basin.
• Receipt of development consent from the Solomon Islands Department of Environment in relation to exploration activities for the Savo Island Geothermal Power Project.
• Commencement of Environmental and Social Impact Assessment and community engagement program for Takara Geothermal Power Project in Vanuatu.
The Company’s cash position at the end of the quarter stood at USD $ 33.8 million.
To read the full report in PDF, please follow the link below:
Source: Geodynamics Website
