doubt a speeding ticket had news out on the 27th & 30th of...

doubt a speeding ticket had news out on the 27th & 30th of april, only 147mil shares on issue so can move up very quick, at .10 GRK market cap is only $14.7mil which is pretty small they have cash of $1.8mil in bank, in a good position to move higher, see waht monday brings I guess

recent news:

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ASX ANNOUNCEMENT
Company Announcements Office
Australian Stock Exchange
By e-Lodgement
27 April 2007
(ASX Code: GRK)
INTERNATIONAL GEOTHERMAL EXPERT JOINS GREEN ROCK ENERGY BOARD
Green Rock Energy Limited (ASX:GRK) has appointed international geothermal energy expert,
Dr Jörg Baumgärtner, to its Board of Directors, as a non-executive director, effective 25 April
2007. He is one of the world-leading experts on the development and production of geothermal
energy from Enhanced Geothermal Systems (EGS) or Hot Dry Rocks.
Dr Baumgärtner, who is based in Germany, is the CEO of BESTEC GmbH and BESTEC Drilling
GmbH; companies actively involved in European deep geothermal projects, including the Landau
geothermal power plant in the Rhine Graben, Germany, where an Ormat organic rankine cycle
power plant is currently being installed following the recent successful drilling of the geothermal
wells.
Dr Baumgärtner is also a member of both the Management and Supervisory boards of the Soultz
Geothermal Project in Soultz-sous-Forêts / Kutzenhausen, France. The Soultz Geothermal
Project is the foremost Enhanced Geothermal System project in Europe with contributions from
French, German and British participants. He has been closely involved in the management of all
aspects of this project including the drilling, fracture stimulation and chemical stimulation of the
hot granites at depths down to 5 kilometres. His experience extends to the use of micro-seismic
technologies and use of chemical tracers to monitor the development of the fracture network in
the granites for development of a sub-surface circulation system.
Prior to this Dr Baumgärtner was a researcher at the German Continental Deep Drilling Program
at the Institute of Geophysics at the Ruhr University in Bochum, Germany and carried out post
doctorate research at Stanford University in Palo Alto, California and at Dowell Schlumberger Inc.
in Tulsa, Oklahoma, USA. He has consulted to a variety of international projects specialising in
stress measurements, borehole analysis and stimulation of deep boreholes. His experience
includes consulting in respect to tunnelling and coal in Germany, hydro-power in Switzerland and
Israel, power plant safety in USA and participation in international deep drilling projects in
Iceland, France, Indonesia, Switzerland, Soviet Union, USA and Cyprus.
Green Rock Energy’s Managing Director, Adrian Larking said: “Jörg’s extensive knowledge and
experience will be invaluable in assisting the Company with designing and implementing the work
programs for our Geothermal Energy Projects at Olympic Dam and Hungary. We welcome Jörg
to the Board.”



Company Announcements Office
Australian Stock Exchange
By e-Lodgement
30 April 2007
(ASX Code: GRK)
Quarterly Activities Report
for the period ending 31 March 2007
HIGHLIGHTS
· Short term production testing carried out at Ortaháza, Hungarian geothermal project
· Hot temperatures confirmed beneath Olympic Dam mine
· $3.7 million successfully raised by rights offer to shareholders
· Dr Jörg Baumgärtner, a management board member of the European Soultz hot dry rock
project, and leading international expert on geothermal energy, appointed Non-Executive
Director
ACTIVITIES
During the quarter, Green Rock continued to develop its strategy to identify and develop low
emission, base load, renewable geothermal energy resources. The Company has progressed its
activities in Hungary and Olympic Dam.
Hungary
Short term production testing of geothermal water was undertaken at the Ortaháza project in
Hungary where Green Rock holds a 32% interest in a joint venture to develop geothermal
energy. Two wells, Ortaháza 3 and Ortaháza 5, were re-entered for testing. The Ortaháza No 5
well was also deepened by 200 metres in the reservoir section to prepare the well for production
testing after suspending Ortaháza No 3 well due to stuck drill string.
Testing of Ortaháza 5 well produced good temperatures and chemistry of the geothermal water
and yielded water flow rates useable for direct heat sales but below what is needed for commercial production of electricity. The testing also proved that acid stimulation can be used in
future projects to increase the attainable flow rates in similar fractured carbonate reservoirs.
Preliminary indications are that the flow rate was insufficient for electricity production under
current conditions but the Company is continuing with its evaluation of the test results to decide if
any further work can be improved. In the meantime the joint venture has decided to retain its
funds, including the refund of expenditures it expects from the World Bank Geofund geological
risk insurance, for the next project rather than proceed to the testing of the previously planned
injection well Ortaháza 3.
Green Rock will claim a refund of a substantial proportion of the $2.2 million expended by it on
this project in preparing and carrying out the production testing. This refund is expected to be
paid by the end of September this year from the Geofund geological risk insurance which was
provided to the Project by the World Bank group.
The Joint Venture is now in the process of technical evaluation of other prospects in Hungary to
select the location for the next project where higher geothermal water flow rates can be
expected.
Australia
With the agreement and co-operation of BHP Billiton, Green Rock measured the temperature in
several deep mineral holes drilled during the quarter by BHP Billiton to around 2,300 metres
depth at the Olympic Dam mine, only a few kilometres away from Green Rock’s Blanche No 1
well. Temperatures and the geothermal gradient were marginally higher than Blanche No 1 well
confirming the heat anomaly of the Olympic Dam area.
Having drilled Blanche No 1 to nearly two kilometres Green Rock has proven the granites are
hot. The drilling by BHP Billiton confirms the heat anomaly should also extend over the wider
geothermal leases also held by Green Rock.
The Company is now at the next step which is to establish the water circulation system capable
of producing enough geothermal energy to power an electricity generation plant. Since the end of
the quarter Green Rock has entered into a contract with Australia’s premier scientific and
industrial research organisation, the CSIRO, to carry out the mini-fracture stimulation of the
granite at various depths in its Blanche No.1 well. This is now scheduled for around September
this year when the designated high pressure pump becomes available.
The mini-fracture stimulation program will involve pumping water into the hot granites already
drilled in Blanche No 1 to generate fractures in the hot granite at various depths. The data
obtained will provide details about the geological stress conditions which will be used to design
the two deeper production and injection wells and the associated fracture stimulation program to
establish a water circulation system between the two wells to recover heat from the hot granites.
It will be the first mini-fracture stimulation program for geothermal energy carried out anywhere in
Australia. This innovative approach to geothermal exploration in Australia has the potential to
significantly lower costs and risks for Green Rock by providing key input information which will be
used for the optimal design and conduct of the subsequent deeper drilling and fracture
stimulation program. This will enable more accurate design and costing of the deep wells and
fracture stimulation program than has been possible for others who have had to drill to much
greater depths before intersecting the top of their targeted hot reservoir rocks.

CORPORATE ACTIVITIES
New Non-Executive Director – Dr Jörg Baumgärtner
Green Rock is fortunate to have Dr Jörg Baumgärtner join the Board as a non-executive director
effective from 25th April, 2007. Dr Baumgärtner, who is based in Germany, is one of the leading
experts in the World on developing and producing geothermal energy from Enhanced
Geothermal Systems (EGS) or Hot Dry Rocks.
Dr Baumgärtner is CEO of BESTEC GmbH, a geothermics and drilling company actively involved
in several European geothermal projects. BESTEC is currently finalizing the surface installations
for the Landau geothermal power plant in the Rhine Graben, Germany, which includes the
installation of an Ormat organic Rankine cycle power plant to be used for electricity generation.
Dr Baumgärtner is a member of the management board of the GEIE Exploitation Minière de la
Chaleur in Soultz sous Forệts, France. This company is running the Soultz Enhanced
Geothermal System project which is the foremost EGS project in Europe with contributions from
French, German and British participants. Dr Baumgärtner has been closely involved in the
management of all aspects of this project including the drilling, hydro-fracture stimulation and
chemical stimulation of the hot granites at depths down to 5 kilometres. This is very similar to the
work program for Green Rock’s Olympic Dam Project. His experience from the European Soultz
sous Forệts project in France extends to the use of micro-seismic technologies and use of
chemical tracers to monitor the development of the fracture network in the granites for
development of a sub-surface circulation system. This experience will be very useful for Green
Rock’s Olympic Dam project.
Dr Baumgärtner replaces Mr Hugh Warner who resigned from the Board effective 16 February
2007.
Equity Raising
Green Rock raised $3.7 million during the quarter via a renounceable rights issue to
shareholders. This was in addition to the sum of $0.3 million raised in December by placement
to professional investors. The funds will be used for production testing of the Ortaháza
Geothermal Project in Hungary, ongoing evaluation of the Olympic Dam Geothermal Project,
evaluation and due diligence of additional geothermal projects in Hungary and elsewhere and for
general working capital. Both the rights issue and the placement held included one free
attaching new option for every two new shares issued, exercisable at ten (10) cents on or before
18 April 2008.
Industry Round Table for the Geothermal Industry
In March, Adrian Larking, Green Rock’s Managing Director, participated in an Industry Round
Table for the Australian Geothermal Energy Sector at Parliament House, Canberra. The Round
Table was convened by the two Commonwealth senior Ministers, the Hon. Ian MacFarlane,
Minister for Industry, Tourism and Resources and the Hon. Malcolm Turnbull, Minister for the
Environment and Water Resources. The Ministers stressed their desire to see geothermal energy
as a low emission technology contribute substantially to Australia’s energy production. They
stressed that the Government’s particular attraction to geothermal energy is predicated on its
ability to generate base load electricity unlike other types renewable energy. This Roundtable
was followed by a workshop in Parliament House with input from geothermal proponents and key
Commonwealth science organisations, CSIRO and Geoscience Australia, to provide the
Government with ways to assist the industry go forward to develop Australia’s vast geothermal
energy potential. The Company will continue to participate in this process.

This process has the potential to improve regulation of the geothermal industry and access to
government incentives for the geothermal industry and to remove roadblocks to the development
of geothermal energy in Australia. Success with this can help to pave the way for the geothermal
industry to achieve its enormous potential to contribute substantially to Australia’s generation of
base load electricity.
Adrian Larking
Managing Director
For further information contact Adrian Larking on:
Phone: +61 (0)8 9482 0482
Mobile: +61 (0)4 1792 7767
Email: [email protected]