Ann: Geothermal Acquisition Progresses to Completion, page-3

...only problem (if you want to call it that...) is that we've not hit water yet in any of the holes!!!...but we know where to find it. The Permian "fairway" is there to accomodate any fluids, be they gas or water. And under the gas, you have water and it will be pretty hot.

AND it will cost us nothing to get to it...because were already drilling for the gas...

AND we dont need a market for it, we will use it ourselves...

This is where we have a massive head start over any pure geothermal player.

Im not sure people grasp the potential windfall represented by this deal. You just need to look at the numbers in the deal though - $24 M in shares plus more shares down the track. The sellers know whats in it for STX, and they want to keep a piece of the action.