11
September
2007

NEW IDDP CONTRACT SIGNED

An IDDP press release – in Icelandic and in English – was announced today.

Drilling of the first deep IDDP hole will take place in the Krafla high-temperature hydrothermal system in NE-Iceland late next year. Drilling of the 2nd IDDP well and the 3d IDDP well are planned for 2009 and 2010 – within the at Hengill- and the Reykjanes high-temperature hydrothermal systems in SW-Iceland, to some extent depending on the result of the 1st IDDP well.