WAS wasabi energy limited
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ger announcement 7/12/09

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    07/12/09
    17:23
    Post #: 6013631
    From the announcement:

    "Greenearth Energy's Geelong Geothermal Power Project is planning to deploy proven Organic Rankine Cycle (ORC) plant technology. Greenearth Energy's ASX Announcement dated 13 October 2009, highlighted the number, nature and size of geothermal plants currently operating worldwide that successfully utilise either Organic Rankine Cycle (ORC) or Kalina Cycle Plant (KC) technology."

    It seems odd that they won't be using the Kalina Cycle given:
    a) It is supposed to be better
    b) WAS is a major share holder

    A bit disappointed. Can anyone explain why?
    WAS Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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