Geodynamics in $87M write-off

GEODYNAMICS has decided to write off the expense of wells drilled at Savina and Jolokia to the tune of $87 million as it seeks to focus on the Innamincka Deeps joint venture program with Origin Energy at Habanero.

Geodynamics in $87M write-off Geodynamics in $87M write-off Geodynamics in $87M write-off Geodynamics in $87M write-off Geodynamics in $87M write-off

The decision to walk away from the historical wells is the result of a strategic review carried out by the company following the appointment of Geoff Ward to the managing director's chair in January.

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