The drilling does seem a bit delayed (6 days was allowed in total).
What about the other hole the outlet one for the steam ??
The heat exchanger is at the top the surface with effectively a closed system for the geothermal (from the diagrams)
Comparisons have been done with comparing the economics of wind energy - poitn is that Geo Energy is constant, not so with wind unless u have suitable storage (costs go up).
PTR has an off take agreement for the trial site. Once done then the markets in Spain and potentially China are IMMEDIATELY ready to take the technology on. This way PTR have diversified themselves from Oz (just in case) but are proving the technology in Oz. Win Win
PTR Price at posting:
28.1¢ Sentiment: None Disclosure: Held
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