G'day.. Has produced power...they drilled 6 wells....and can target 1mv capacity....at this stage......
Ptr has drilled 1well and will start the process to drill the producer...which will enable them to generate 5mv of power.. The two wells have the capacity without additional wells...ref ptr latest annoucement regarding temps and expected capacity...
This shows the ptr is slower but then again much more focused ... Resulting in....
1... More bang for their dollars spent.. 2....more capacity for their dollars... 3.... Better prospective area to drill with higher temps.. 4..... Has more equity in the projects.
For ptr share price to Roar....we need an electricity generate/supplier to spend millions......join and pay its back costs. And take a major interest....
Ptr was the snail but it could possibly surpass Gdy over the next 6 to 12mths depending on what deals can be pursued now that half the money is available.
An ptr survival is assured..
PTR Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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