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...
more delays- as i read it..., page-8
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PTR (ASX) to my watchlist
|
|||||
Last
2.8¢ |
Change
0.001(3.70%) |
Mkt cap ! $6.336M |
Open | High | Low | Value | Volume |
2.6¢ | 2.8¢ | 2.6¢ | $957 | 34.68K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11326 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 279122 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11326 | 0.027 |
1 | 39723 | 0.024 |
1 | 125463 | 0.023 |
1 | 45490 | 0.022 |
1 | 3782 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 279122 | 2 |
0.029 | 295114 | 2 |
0.030 | 150000 | 1 |
0.039 | 20070 | 1 |
0.040 | 63 | 1 |
Last trade - 10.37am 11/07/2024 (20 minute delay) ? |
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
CXO
Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered
PTR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online