Sparty
06-23-2009, 01:20 AM
Geothermal company Petratherm will begin drilling early this week at the Paralana project in South Australia's northern Flinders Ranges.
A $7 million funding agreement was signed last week between Petratherm, Beach Petroleum and TRUenergy geothermal.
Managing director Terry Kallis says the drilling rig has now been erected after being shipped from Dubai.
"It took something like 75 odd truck semitrailer loads to take it to the Paralana site, since that time it's been erected and tested and a lot of the plant and the camp has been assembled around it in preparation for drilling," he said.
Read about PTR in our "Company Spotlight" http://www.hotrockenergy.com/geothermal-stocks.html
http://www.hotrockenergy.com/images/hewi-ptr.gif
PTRs "Heat Within Insulator Model" that allows for shallower, easier, drilling as the heat exchanger is established in the softer insulator rocks above the very hard, hot granites below. ( a saucepan sitting on top of natures nuclear reactor)
A $7 million funding agreement was signed last week between Petratherm, Beach Petroleum and TRUenergy geothermal.
Managing director Terry Kallis says the drilling rig has now been erected after being shipped from Dubai.
"It took something like 75 odd truck semitrailer loads to take it to the Paralana site, since that time it's been erected and tested and a lot of the plant and the camp has been assembled around it in preparation for drilling," he said.
Read about PTR in our "Company Spotlight" http://www.hotrockenergy.com/geothermal-stocks.html
http://www.hotrockenergy.com/images/hewi-ptr.gif
PTRs "Heat Within Insulator Model" that allows for shallower, easier, drilling as the heat exchanger is established in the softer insulator rocks above the very hard, hot granites below. ( a saucepan sitting on top of natures nuclear reactor)