| Abstract |
In 2004, a lean new Australian company was established to independently focus on the development and commercialisation of new drilling technology for the geothermal, petroleum & scientific industries. It began with assets including know-how, intellectual property, documentation and some equipment retained from pioneering work undertaken in the parent company between 1992 and 2002. It has produced a new commercial product, the Genie 185, a drilling liquid powered impact drill, the first in a range of new, high performance tools which offer higher Rates Of Penetration and simpler, lighter drill strings for hard formation drilling. |