Ann: High Heat Flow Returned, Port Augusta Projec, page-8

re: Ann: High Heat Flow Returned, Port August... Its all very speculative.

"The survey has been a great success, with key geological formations identified – a thick sequence of flat-lying insulating sedimentary cover overlying interpreted heat producing basement, demonstrating that a viable EGS geothermal play could exist at 3,500-4,500m depth."

"Could exist"? They don't seem to know the temperatures and they don't have any sort of derived geothermal resource like the others do. This is all based on speculation.

Beerme - I notice you mentioned a geothermal resource of 708,000 PJ - where did you see that?

On the plus side they have AGL as a partner, they are close to infrastructure, they have some insulated rocks about 4 km below the surface (that may or may not be hot enough for an EGS) and they have a relatively close NEM connection that will cost them between $10 million for the first 50 MW.

The reason their market cap is still low IMHO is because they are still a long way behind the others such as GDY, PAX and PTR.

Not trying to down ramp, just doing my own research.