Pennies being traded the moment, but nice to see some green.
Whilst we wait I encourage everyone to have a look at https://gsq-horizon.s3-ap-southeast-2.amazonaws.com/QDEX/88826/cr_88826_1.pdf ("Queensland Geology 14, An assessment of the geothermal energy potential of northern and eastern Queensland, Coastal Geothermal Energy Initiative, B Talebi, S N Sargent and L K O’Connor, 2014")Excellent estimated temperatures, more than suitable for a binary cycle. Hopefully accessible at shallower depths than 5km, but there are plenty of Geothermal plants at 5km depths - so it might be a little more expensive, but still viable.
"The equivalent gross electric-power-generation potential of the inferred resource areas identified through the CGEI (the Millungera, Surat, Nambour-Maryborough, and Hillsborough basins) has been estimated using volumetric approach under stated assumptions. The estimates show power-generation potential of 430–1980 MWe, which is equivalent to an annual electricity generation potential of 3440–15 650 GWh (Table 6-2). This potential is sufficient to meet the state’s electricity peak demand forecast over the next decade."
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