I like this bit on the Open Briefing.cheersomg5 MD Adrian...

I like this bit on the Open Briefing.
cheers
omg


5 MD Adrian Larking

There are six companies currently listed on the ASX that are solely focused on geothermal energy.
They are Geodynamics, Petratherm, Torrens Energy, Geothermal Resources and Green Rock Energy.

Relative to our peers, Green Rock Energy’s comparative advantages include:

• Close proximity to infrastructure, transmission lines and major water supply
• Location which allows for incremental development
• Experienced Board and Advisory team to deliver

Green Rock Energy selects project sites that have the attributes necessary for commercial development. Greenfield geothermal power plants must be constructed in sync with the drilling of the geothermal wells. This commercial imperative to develop geothermal power plants incrementally, and what that requires, is the fundamental driver of Green Rock Energy’s project selection.

Because of the large capital costs associated with both power plants and drilling, it would be like playing commercial Russian roulette to build a power plant without having completed the drilling to provide the energy source, yet it is uneconomic to have large sums of capital tied up in non-producing wells awaiting the construction of the power plant.

It is therefore necessary to develop a geothermal power plant incrementally – in say 20MWe to 40MWe stages.
This however, cannot occur economically if the project is not within a short distance from the energy user or a high voltage power grid.

Green Rock Energy’s comparative advantage is that both our Olympic Dam and Hungarian projects have the necessary location which will enable incremental development and posses other attributes that are essential for commercial development.

The Olympic Dam Project is close to major infrastructure, engineering services, township transport and hospital facilities with Roxby Downs only 20km away. It also has proximity to a major water supply, which is essential for engineered or EGS geothermal projects, in the form of the Olympic Dam mine’s waste dewatering water currently pumped to evaporation ponds. Similar to our Hungarian Project, we know the required temperature is available.

Last but not least, Green Rock Energy has the necessary team, with both conventional and engineered or EGS geothermal experience, to take the projects forward.

ends

Gotta like this little company. street smart with commercial acumen. Buy and hold. Don't stick em in the bottom drawer, put them in the safe!
cheers
omg