Petratherm?s Paralana geothermal project will start Australia?s first delivery of commercial geothermal power in 2012. After successfully completing an initial test at its Pralana-2 well, a major test is now scheduled for June, using higher volumes of water at higher pressure will be injected. The test will help to determine the company?s ability to get a commercial flow rate going between the injector and the eventual Paralana-3 production well. ?This is not a race and the sector has had its detractors but we are now within a very real and measurable 18-month horizon of achieving maiden production,? Terry Kallis, Petratherm?s managing director, told Australia Associated Press during the South Australian Resources and Energy Investment Conference in Adelaide.
PTR Price at posting:
10.5¢ Sentiment: None Disclosure: Held
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