GRK green rock energy limited

funding the initial well and plant, page-3

  1. 733 Posts.
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    I think it is too early to have accurate numbers on capex and opex. There isn't enough data.
    What I am hoping for is the development to play out on the following basis.
    1) In the next few months the CSIRO mini-fracture stimulation happens. If they can show that the granites fracture and the water flows then this is significant.
    2) get a government grant from the feds
    3) Bring in a partner in the same vein that petratherm bought in Beach petroleum. Who could it be? have no idea but a few possibilities srping to mind
    MOL - Hungarian equivalent of Woodside, they are GRK partner in Hungary.
    Enex
    BHP - End user for OD
    Major energy producers (excl Woodside& Origin - GDY holders)
    Major CSM companies looking to diversify out of QLD and NSW. slim chance but a maybe.
    Offshore energy producers ex Europe ( the new directors contacts)

    Unlikely to be electricity companies - they are into coal and aren't likely to do it in their own nest by supporting a competing energy technology.

    The company can't afford to do it themselves. On the 26th march a open briefing came out which stated,

    "corporatefile.com.au What progress have you made in attracting a partner to the Olympic Dam project?

    MD Adrian Larking We are seeking a major company to farm into the project. It is a slow process but it is important to have the right company interested in generating electricity from clean renewable energy to support the Project. The Olympic Dam Project has the combined favourable factors of hot rocks and the immediate market for the supply of electricity. If the fracture stimulation program is successful, this project could support a power plant with in excess of 400MWe of capacity. This will make Green Rock a world scale generator of clean renewable energy."

    Tawny, don't worry about 100/200% dilutions. Any dilution will be at the project levels.
    hopethis helps.
    omg
 
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