Packers Plus and Geodynamics successfully complete Habanero-4 geothermal well in Australia

KUALA LUMPUR, Malaysia, Aug. 20, 2013 /PRNewswire — Packers Plus Energy Services Inc. in partnership with Geodynamics Limited (ASX:GDY) has successfully completed a vertical geothermal well as part of Geodynamics Innamincka Deeps Project in the Cooper Basin of South Australia.

“The success of this job has enabled Geodynamics to commission their 1MWe Habanero Pilot Plant producing Australia’s first Enhanced Geothermal Systems (EGS) generated power,” said Mark Rivenbark, Packers Plus Director, Eastern Hemisphere. Geodynamics announced on July 22, 2013 that the company had commissioned the 1MWe Habanero Pilot Plant and successfully concluded planned step rate testing and an extended turbine test run.

Packers Plus worked closely with Geodynamics to design specialized Inferno™ completions equipment capable of withstanding 300°C (600°F) and 69 MPa (10,000 psi) pressure. This equipment was instrumental to the EGS process, which involves stimulating existing fractures in low-permeability, high-temperature rock to allow water to flow through and be superheated. Geoff Ward, CEO of Geodynamics stated, “the willingness of Packers Plus to design and test their equipment to the limit has made them a strategic partner for Geodynamics.”

“Packers Plus had successfully completed the Jolokia 1 geothermal well for Geodynamics in 2010, and we built on that expertise to deliver both the equipment and on-site services to ensure success with the Habanero 4 well,” said Cameron Radtke, Packers Plus Technical Services Manager, Eastern Hemisphere.

This latest operational success with Geodynamics establishes Packers Plus as a leader in completion equipment innovation for challenging environments and applications. This opens new markets in not only geothermal, but steam assisted gravity drainage (SAGD) for heavy oil production.

About Packers Plus

Packers Plus is the innovator of open hole multi-stage fracture stimulation systems and is an industry leader in designing and manufacturing innovative solutions for a variety of completion challenges. Packers Plus has run over 11,650 completion systems accounting for over 146,200 fracture stages since the company started operations in 2000.

Today, Packers Plus has employees in 37 offices in the United States, Canada, and across the globe. With international offices servicing Africa, Asia, Europe, the Middle East, China, and Latin America, Packers Plus has experience in key markets throughout the world.

About Geodynamics

Geodynamics is the leading Australian geothermal exploration and development company. Geodynamics possesses some of the best geothermal resources in the world and is rapidly developing technology to exploit the resource. Geothermal energy has the potential to be a critical element of Australia’s future power generation and Geodynamics is at the forefront of development.

For further information:

Mark Rivenbark
Director, Eastern Hemisphere
Packers Plus Energy Services Inc.
Phone: +971-4-328-9998
Cell: +971-50-552-7183

Lynette Lefsrud
Director, Marketing, Research and Communications
Packers Plus Energy Services Inc.
Phone: +1-403-263-7587
Cell: +1-403-616-6079

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