warming up to the potential

Warming up to the potential

CAMERON ENGLAND

May 02, 2007 02:15am

TORRENS Energy (TEY TEYO) has had encouraging early results from a geothermal project near Port Augusta.

The company said yesterday modelling on one of its projects predicted heat of 230C, 5km deep.
Torrens Energy chief executive Chris Matthews said the temperature readings were well within the range required for commercial power generation.

"The results have significantly advanced our plans to prove the exploration potential of the company's South Australian land holdings and to define geothermal resources for power generation in Australia," Mr Matthews said.

The results are based on temperature logs of a 754m deep petroleum well drilled in 1981, which recorded a down hole temperature of 57C.

Shallow diamond drilling to a depth of 500m is expected to start in September in a bid to confirm the results.

Torrens shares closed at 51c, down 2c.

http://www.news.com.au/adelaidenow/story/0,22606,21655756-913,00.html