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20.5¢ strike energy limited

RockistThanks for the input.Most of us have the requisite...

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Al99

2,629 Posts.

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11/05/22

15:37

Post #: 61345425
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Originally posted by Rockist: ↑

Yes, it depends on the temperature and flow-rate of hot water and steam coming out of a well, and how many wells you can economically drill in the area available. In volcano-hosted, high temperature, hydrothermal systems you can get a lot of energy out of a small number of wells in a small area, so the drilling cost per MWe is relatively low. This project will require a large number of wells over a large area for a relatively high cost per MWe, and you will need to pump the water out with even higher cost.

I can see a series of tiny local power plants of less than 0.5 MWe located around one or two wells, equivalent to a few paddocks of solar panels, but I can't see how this inferred resource report can ever lead to a profitable project of significant scale.

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Rockist

Thanks for the input.

Most of us have the requisite upstream experience, but the geothermal knowledge is a bit light.

Keep up the commentary and ignore the noise.

Cheers, AL

STX Price at posting: 29.0¢ Sentiment: Hold Disclosure: Held
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