Does anyone recall coming across a detailed discussion of the rationale for the HEWI concept anywhere? I spent quite some time on the weekend thinking about it and couldn't come up with any sort of intuitive understanding of why this might be a good idea - in fact every way I looked at it made it seem a really daft idea! The again, second year Thermodynamics was my worst subject so maybe I'm missing something blindingly obvious. Had a quick look on the site and couldn't see anything.
I'm hoping it's not just code for "we couldn't make the numbers work out if we drilled to 6000 metres" :-)
It seems especially odd when you put it in the context of GDY going so far out on a limb (well away from the transmission lines) in order to get to rocks a few 10s of degrees hotter. If there is a cogent argument for that surely there is a similar argument for PTR (who are closer to the lines) to get a few extra 10s of degrees by going deeper???
I recognise that an 8" bore past 4000 metres may be pushing the technology but the way I read the Petrathem dox it seems like they see having their reservoir in the insulaing layer as a plus, not a compromise.
Not a downramp (I continue to hold about as much in PTR as in GDY) - genuinely interested as this seems a large philosophical difference between the companies.
- Forums
- ASX - By Stock
- PTR
- more delays- as i read it...
PTR
petratherm ltd
Add to My Watchlist
0.00%
!
36.0¢

more delays- as i read it..., page-8
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
36.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $124.7M |
Open | High | Low | Value | Volume |
36.0¢ | 36.5¢ | 35.5¢ | $55.99K | 156.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 82688 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.5¢ | 23664 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 82688 | 0.360 |
1 | 23506 | 0.355 |
1 | 19005 | 0.350 |
1 | 40000 | 0.335 |
1 | 10000 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.365 | 23664 | 1 |
0.370 | 30700 | 3 |
0.375 | 47000 | 2 |
0.380 | 278 | 1 |
0.385 | 88355 | 2 |
Last trade - 15.59pm 15/07/2025 (20 minute delay) ? |
Featured News
PTR (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
Previous Video
Next Video
SPONSORED BY The Market Online