a possible way forward

glad to see the recent modest placement behind us. Shares have strengthen somewhat and as mentioned before on the board the trend is looking good.
I thought I would throw in to the pot a few ideas of how this company might evolve over the next year or so.
One - get the mini frac done this year and design the two wells for 08.
Two - work out the target and get going for the next Hungarian project
Three - obtain final approvals for the Spencer Gulf Geothermal Licences and start that ball rolling
Four - chase the government for REDI grants. With McFarlane (ex Fed Minister for Environment) on board, the doors to power will be wide open.
Five - Find a major partner for the development of OD project - watch this space.
Six - Sign up BHP
Money Now $2.3M
In the next month or so the World Bank will refund about $1.4M
In April 08 $4M comes in from exercise of options.

With a bit of luck the company may be able to keep 100% of the project and not sell down. They can either dilute at the OD project level or at the corporate level. It is a balancing act. I don't know how it will pan out but I am confident that the board will do the right thing .
Build and test the two wells in 08 and in 09 start development of a plant.
Produce electricity by end of 09. After proof on concept achieved mcap 100M Build a plant and start the electrons running down the wires and the mcap will be much higher.
+50 cents in 12 months.
lots of risks on the way, sure a speccy but with the current mcap of <$20M the risks are on the upside not the downside.
cheers
omg