adelaide advertiser article, page-3

forgot somethings... second half.

Petratherm’s Managing Director, Mr Terry Kallis, said
drilling of the deep well was planned to commence in the second half of calendar 2008
Petratherm and joint venture partner, Beach Petroleum Limited, are on track to have the Paralana project deliver first geothermal-based electricity supplies from early 2010.
Initial drilling and testwork by Petratherm has already proven up Paralana’s heat profile. The aim is to establish the heat exchanger for the project where fluid is heated at depth as it circulates between an injection and production well, to produce heat at surface for eventual use in driving turbines.
The signing of the Letter of Intent follows the recent completion by Petratherm and Beach of a major seismic study and other surveys on where best to locate the 4km deep heat exchanger well, and the long-term development of Paralana’s geothermal field. The Company’s initial commercialisation phase involves the deployment of a 7.5 MW power station at Paralana, at a nominal cost of around $50 million.