PTR has confirmed they are trying to secure the Lightning Rig for future use. Several third-parties are also pursuing the rig, and GRK has declared it's intentions to pursue the rig. GDY are currently having a board meeting to establish final time-lines, confirm how many wells they wish to drill, and discuss who, if anyone, should have next access to the only suitable rig in Australia.
Both PTR and GRK have confirmed there are no rigs in Australia suitable for their projects.
We may be reaching a widely-publicised bottleneck that will see GDY having a virtual monopoly on Geothermal activity over the next year or so.
GDY have an extremely valuable and crucial asset the other companies are lining up for. What is going to happen to our SP? Exciting times, that's for sure.
geothermal monopoly
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