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-   -   Petratherm gets $7m drilling grant (http://www.alternative-energy.com.au/forum/showthread.php?t=362)

Sparty 06-15-2009 08:17 AM

Petratherm gets $7m drilling grant
 
PTR is one of my favourite hot rockers..... You can read about them on www.HotRockEnergy.com

Paralana Joint Venture Update
$7 million Drilling Grant Funding Agreement Signed

Petratherm and its joint venture partners, Beach Petroleum and TRUenergy Geothermal are pleased to announce the recent signing of the Grant Funding Agreement relating to the $7 million Geothermal Drilling Program.

The grant was awarded to the Paralana Joint Venture Project by the Commonwealth Government Department of Resources, Energy and Tourism.
The $7 million grant has been awarded to the project for drilling the two deep wells involved in the HEWI proof of concept work (refer diagram below) soon to commence at the Paralana geothermal site in the northern Flinders Ranges.

http://www.hotrockenergy.com/images/hewi-ptr.gif


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