australian-shares.com
dialogix social media monitoring
  #1  
Old 04-16-2014, 06:51 AM
Sparty Sparty is offline
Administrator
 
Join Date: Mar 2009
Posts: 1,101
Default Green Rock Energy told no oil payload no drilling

A geothermal drilling project in Western Australia's Mid West region has come to an early end- apparently because one of the partners decided that there was not enough hydrocarbons to make the drilling program worthwhile.
Aspiring geothermal developers Green Rock Energy has partnered with oil and gas exploration and production company AWE for the Mid West Geothermal Energy Project, which was announced in March, 2013.


According to Green Rock and Pacific Hydro, the region could have enough geothermal resources to host a 25MW demonstration plant, and over time "the potential of hundreds of megawatts of generation". The Mid West region, a booming mining province, has been cited as a potential hot spot for renewable technologies such as geothermal and solar.

But the geothermal program has foundered, and may lose more than $12 million in proposed government funding support, according to Green Rock, because AWE had withdrawn because the region did "not provide the hydrocarbon value it requires to continue with the project." ....read more

More about Geothermal energy - with an Australian focus here Hot Rock Energy
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT. The time now is 01:38 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.