I'll be as generous as I can with the geothermal part of the release... It's nice to have high aims, and 10 MW is a nice-sized power plant, 100 MW even nicer, and 300 MW is the nicest.. but... I think that the probability of finding sufficient temperature and flow-rate in the Millungera Basin to support these aims is very low. Permeability is the key character required here and I just don't see enough of it anywhere in Australia.
Binary geothermal power plants of this scale today are found in the active extensional basin-and-range provinces of the western USA and western Turkey - not in the solid, old, stable Australian continent.
I think GRV has been misled by the GSQ report. They have failed to realise it was written at a time when deep, basement EGS was in fashion, and using a series of assumptions about how the heat-in-place would be accessed. Its results cannot therefore be applied to complete different styles of geothermal resource, such as a shallow sedimentary aquifer or open fault systems which GRV would be targeting.
- Forums
- ASX - By Stock
- Ann: Development Roadmap for Queensland Projects
I'll be as generous as I can with the geothermal part of the...
-
- 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 GRV (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
-0.002(8.33%) |
Mkt cap ! $10.09M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.2¢ | $533 | 21.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 43478 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 141833 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 43478 | 0.023 |
3 | 64597 | 0.022 |
2 | 186000 | 0.021 |
1 | 100 | 0.020 |
1 | 55000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 141833 | 2 |
0.029 | 199043 | 3 |
0.030 | 206056 | 1 |
0.034 | 500000 | 1 |
0.035 | 2445501 | 3 |
Last trade - 10.24am 09/09/2024 (20 minute delay) ? |
Featured News
GRV (ASX) Chart |