I'm at the geothermal conference down at Melbourne right now, and every company, without exception, has said their projects are the best (can we blame them?). No harm in it, but it can divert focus from the major potential.
Pushing Paralana is legitimate, especially as the risk is effectively carried by the two JV partners. Pushing Paralana as the best project in Australia is, of course, complete unjustified tripe. HEWI is just shallow, low-temp HDR plus increased stimulation knowledge, nothing else.
To be honest I just meant to quickly check HC, have had too much red to properly articulate any thoughts, but will get back to you with a legitimate argument concerning the merits of Madrid by next Sunday when I arrive back in Sydney. For what it's worth, this is the only project that light up management's eyes.
PTR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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