„Execution: risks of delays, or notreceiving permits at all“
Here, the resistance in the region isincreasingly playing a role, it is becoming stronger. Especially inHaßloch, where Vulcan is planning several projects, a citizens'initiative has been set up there (BIGG Geinsheim), quiteprofessionally, with a Facebook page and website. Vulcan will have avery hard time there.
„Technical: confirm they will beupdating their assumptions once they start drilling (!)“
Just how great the drilling risk iscould now be seen in Graben-Neudorf. Deutsche Erdwärme lost 1000meters of drilling during the first drilling, needed 8 months insteadof 3 months and now had to admit that the last 900 meters werecemented incorrectly. The reservoir cannot even be tested, whetherthis can be repaired will be seen.
"Deutsche Erdwärme GmbH has topostpone the tests to determine the yield at the geothermal powerplant in Graben-Neudorf."
"According to a companyspokesman, it is currently unclear how long the delay will be."
https://bnn.de/karlsruhe/karlsruher-norden/graben-neudorf/mangelhafte-zementierung-geothermie-tests-in-graben-neudorf-verzoegern-sich
How many new wells does Vulcan need,maybe 30 if you include multiple wells? The risk of failure shouldnot be underestimated here.
Ann: Zero Carbon Lithium Project Phase 1 DFS Results, page-62
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$4.93 |
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