Ann: Port Augusta Seismic Confirms Geothermal Pot, page-2

re: Ann: Port Augusta Seismic Confirms Geothe... Summary,

Executive Director John Canaris commented: “Our interpretation of the seismic data shows that the principal geological elements required for a geothermal play, namely heat producing basement and insulating cover, are present at Port Augusta”.
“This fact, coupled with the outstanding heat flow values demonstrates that Port Augusta has the technical attributes required for viable geothermal temperatures at economic depths”.
“With connection to a ‘RET ready market’ via the National Grid assured, the Port Augusta Project also addresses the key commercial aspects required for successful geothermal development”.
Further drilling is scheduled for the Project in 2009.
For more information please contact:
John Canaris
Executive Director
Torrens Energy Limited