Ann: Spanish Projects Update , page-3

PETRATHERM LIMITED
ABN 17 106 806 884
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Spanish Projects Update
Tenerife Volcanic Geothermal Project
MT Survey completed and JV discussions advance
Petratherm Espaa has three Geothermal Exploration Licenses (GELs) on Tenerife, the largest of seven islands in this Spanish archipelago off the west coast of North Africa. Petratherm Espaa has completed an extensive magneto-telluric (MT) survey across the volcanic island of Tenerife in Spains Canary Islands to pinpoint potential locations for a deep test well site.
International specialist Geosystems is now undertaking 3D inversion modeling of the data recorded earlier this year. The information will be interpreted by Sinclair Knight Mertz geothermal division to ascertain potential sites for drill testing.
The Company is currently in advanced discussions with an interested potential joint venture party to part fund the subsequent planned deep drilling program.
Conventional volcanic based geothermal power
The Canary Islands, known for their volcanism, are considered excellent sites for exploiting conventional geothermal technology. Conventional geothermal projects are commercially established in many parts of the world accounting for more than 10,000 MW of installed power generation capacity, more than three times South Australias peak demand.
Typical temperatures encountered are around 250C to 300C at relatively shallow depths of 2 or 3 kilometres, resulting in wells producing high output ranging between 7 MW and 15 MW.
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