geothermal comparisons, page-11

Hi Tawnyport
I see GRK as less risk than PTR and GDY for a few reasons.

1 - HDR is in its infancy and at this stage is high risk. GRK has a conventional project in hungary which is lower risk and looking like being a success in a much shorter time frame than any of the Australian developements. They chose to take the money from the world bank and find a better target. Had the insurance not been in place then I am sure they would have proceeded with the project and either used extra wells or horizontal wells to acheive the required rates.

2 - Being slightly behind is an advantage as they can learn from others mistakes. GDY has made many costly mistakes. .

3 - It has by far the best project. Location and resource is far more important than no of prospects.A small percentage of their land has the potential for a 500mw power plant.

4 - European focus where prices are much higher and renewable energies are strongly supported.

There are more
Cheers