As I understand it, the engineering of the wells which...

As I understand it, the engineering of the wells which incorporates the diametres, strength and gauge of required casing, the locations in respect to the interpreted local geology and faults, the engineering of the sub-surface pumps is all related. Somehow. I am no geophysicist nor a well engineer, but I am satisfied that with the Geothermex studies, the CSIRO studies and the up-coming frac testing then the company will have done everything possible to best engineer the wells before they actually start spending fortunes drilling the wells.
Where they get the money from - I don't know. I suspect there will eventually be a partner in the project in the same vein as Beach petroleum at Petratherms Paralana project and Origin at Geodynamics project. I strongly believe that the Fed Government will at some stage provide assistance with a REDI grant as they have done so with other industry hopefuls.
I do know that BHPB is looking at the whole energy requirement for any OD expansion and hopefully GRK's success can get them in the door.
In any event, renewable base load zero carbon emmission electricity will continue to be a source of investor interest for years and years.
As the industry develops and the sector gets out of the nursery then the rewards for patient capital in these days could be spectacular - ( Think about it, if you sum the market caps of all the geothermal hopefuls on the ASX, it still represents one micro-cap company ).
Every step these guys take is a step forward.
I am glad they have secured the rig and scheduled the work. I also hear that Boart Longyear is looking to bring two major rigs of the type required to drill these massive holes into the country in Feb 2008. Good.

As for the Hungarian assets, it can't be far from getting another well up and running there.

On a general note, the equity market looks really sloppy, banks in the US don't have enough capital and there are squillions of unmarketable loans out there with no home. The Credit Crunch is getting worse and worse by the day. China raised the price of fuel 10% on Friday. The USDollar keeps getting belted and energy and gold seem to be the safe places to be.
The oil price is an inverse proxy to the US dollar. ( Why hold paper assets like treasuries when the currency is being junked and the money centre banks are losing capital. Best be safe and hoard physical assets like oil and gas, base and precious metals.)
Long bow but energy assets are important things to hold.
Thanks for your time, I had to get this ramble out of my head.
cheers
omg