GRK 0.00% 0.2¢ green rock energy limited

very large inferred geothermal resource, page-4

  1. 53,839 Posts.
    lightbulb Created with Sketch. 33
    Happy to take 2.6/ as a long term buy, given all of the recent grants etc. They need a partner/JV which if found, will re-rate the company. Further funding updates are due by the end of Nov. The below will add to GRK's business case for a potential drill in the first half of 2011.

    Sydney - Thursday - October 28: (RWE Aust Business News) - Green
    Rock (ASX:GRK) has had its North Perth Basin permits measured for the
    geothermal resources.
    An independent estimate has shown a very large inferred resource
    with stored heat totalling over 1m petajoules thermal in seven of the
    permits.
    The resource, based on temperature data in existing wells in the
    target reservoir, is 26,000 PJ, sufficient to support a target of 100MW
    in power generation capacity.
    Green Rock plans to define drilling targets in H111.
 
watchlist Created with Sketch. Add GRK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.