China - Complete China generative program, establish JV in Q3 2009. The company is continuing talks with potential local joint venture partners, local governments, and the national government over sites identified in Jiangsu and Fujian Provinces. Petratherm’s Exploration Manager for China Dr. Wenlong Zang, presented today at the inaugural South Australian Resources Chinese Investment Congress. (17 July 2009)
Dont u think the Paralana is the company defining activity ? Thats what attracted me. IMO all PTR have stitched up tenements and potential customers but all is awaiting the succes of the demo pant at Paralana IMO
"Flagship Paralana Project, clear commercial and competitive advantages with a willing potential customer at “off grid” prices and a realistic, long term and unique path to commercialization and two quality, complementary JV partners"
and
"Well Testing and Stimulation Program to follow after well completion (Paralan ie, mid Sep say ??) • Paralana 3 drilling – six to nine months after completion Paralana 2 - first half 2010 • First power to Heathgate Resources’ Beverley Uranium Mine – late 2010"
Already have a customer !
"�� Stage 2 ‐7.5 MW pilot plant –add’nl$45M to $50M �� Stage 3 ‐30 MW demo. plant –add’nl$125M to $150M �� Total 30 MW Project estimate* around $170M to $200M (*total current cost estimates and includes all transmission/substation costs – excluding HEWI) �� ParalanaProject cost per MW of installed capacity is around $6.2M for a30 MW base‐load project operating 24/7 –"
Madrid/Spain
�� " Three 2000m wells have been drilled, defining an area of at least 50km2, around 80oC fluid at 200 m3/hr at ~ 1500‐2000m depth. �� GeomadridPre‐feasibility Study indicates –doublets Producing 8MWt with an annual production in excess of 45,000MWh (thermal). Full feasibility underway �� Strong government support for renewablesand energy efficiency (particularly buildings) at all levels of government. �� Dalkiaundertaking due diligence for potential JV for Geo‐Madrid project �� Potential for multiple projects from the geothermal resource. �� Geomadridis only the first application.
�� Expected to be an economic project with attractive returns"
It all hinges around the demonstrated success of Paralana proof of concept !
PTR Price at posting:
27.6¢ Sentiment: None Disclosure: Held
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