RNE 33.3% 0.2¢ renu energy limited

A cost question. Jalokia 1 hole was spudded 3 months ago it...

  1. 164 Posts.
    lightbulb Created with Sketch. 11
    A cost question.
    Jalokia 1 hole was spudded 3 months ago it still has a kilometer to go . Drilling at depth is very slow and expensive I would not be surprised if it takes 2 months to finish it. That is a mighty expensive hole.
    My question is is geothermal energy viable at current hole costs or are operators going to need to get more efficient drilling methods?
    Cheers
 
watchlist Created with Sketch. Add RNE (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.001(33.3%)
Mkt cap ! $3.454M
Open High Low Value Volume
0.2¢ 0.2¢ 0.1¢ $1.094K 893.5K

Buyers (Bids)

No. Vol. Price($)
111 202041723 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 39643849 12
View Market Depth
Last trade - 16.10pm 04/11/2024 (20 minute delay) ?
RNE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.