Ann: Half Yearly Report and Accounts, page-9

given BH said ( and the only thing that we have been told that they said) was that they had completed metallurgical studies, I would assume that this was for a high temperature application.

The stated reason for the company embarking on saddle Hills, according to the CEO releases was to develop a repeatable product, namely, a bottoming cycle to go onto a gas turbine… so I would assume that that is what they have been working on.
Given at this product would be a truly zero emission source of electricity using waste heat I would expect it to be in that area.

However, Baker Hughes are also a major shareholder in Greenfire energy, a major geothermal developer.

It would be nice to use some progress in that area.

But I suspected those ideas are a long way behind their efforts to raise finance for KDP with saddle, Hills and the carbon capture projects