Very large Inferred Geothermal Resource for Green Rocks North Perth Basin Permits in power hungry region
Highlights
Very large geothermal resources at Green Rocks North Perth Basin Permits identified by independent estimate.
Stored heat totalling over 1 million PJt (petajoules thermal) estimated in seven of Green Rocks North Perth Basin Permits within a region of rapid power demand growth.
The Indicated Geothermal Resource (based on temperature data recorded in existing wells within the target reservoir) is 26,000 PJt, easily sufficient to support a target of 100MW of power generation capacity.
Green Rock planning to define drilling targets in the first half of 2011.
GRK Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held