Cashley, they have many irons in the fire. JV's with NSE, OBL (FMG 'rated'), Hydro Pacific and so on. On to somethin here mate. Notice that trade action improved today. 0.002 almost wiped. As explained by GRK;
Listed on the ASX in 2005, Green Rock (GRK) is a geothermal and hydrocarbons explorer and developer with geothermal interests in Western Australia, South Australia and Hungary and hydrocarbons interests in Western Australia. Its key projects are:
? A 15% interest in EP417 in the Canning Basin with a right to earn up to 20% through a farm-in agreement with New Standard Energy (NSE) together with an Area of Mutual Interest Agreement for other potential opportunities including the Seven Lakes Special Prospecting Area awarded to NSE
? The beneficial right to a 20% JV interest in the Backreef Area in the Canning Basin operated by Oil Basins Limited (OBL)
? A 50% interest in SPA 33 (the Coolcalalaya Project) in the southern Carnarvon Basin in WA
? An alliance with leading Australian renewable power developer Pacific Hydro for conventional geothermal power generation in GRK’s permits in the Mid West of WA and GRK’s and Pacific Hydro’s licences in the Great Artesian Basin in SA
? A joint venture with MOL in Hungary for geothermal power generation (GRK 50%)
GRK Price at posting:
0.2¢ Sentiment: LT Buy Disclosure: Held
