bargain buy, page-11

Thanks for the explanation Jukes. It seems to me that they don't have a lot of control over the geological parameters (though they can do a bit of optimization there is some guesswork involved), but I am interested now to see how they can control the other parameters. Drilling cost is a huge one and I am still convinced that the cost of these holes is reflecting that a lot of them are government subsidized, and also that there are only one or two rigs in the country capable of doing the work - a state sponsored monopoly in some respects. Other costs like plant and finance also big factors. What can they do here? Has generation technology improved, Kalina worth a look? Can the government help out with finance, perhaps lend its sovereign credit rating or similar?