brisbane agm

The presentation given by Gerry was great. I got the impression the greatest challenges moving forward involve developing and proving multi fracture stimulation/drilling. I guess this is the next major (technical) milestone after the closed circulation test (estimated to take around six months).

Gerry made it clear he wasn't impressed with the pump failures, in terms of lack of diligence shown by the supplier. The closed circulation test should resume in the coming days, though a pump redesign is required for longer term operation (as covered in released pdf).

In terms of infrastructure, it seems to be a problem common to most renewable energy providers. Obviously more pronounced for GDY (being much farther out). It's not clear what the best way forward is on this front. The company is hopeful carbon trading will be introduced by the government, which would significantly enhance their competitive edge in the energy market.