olympic dam project, page-24

The relatively low flow rate is the reason that the first Hungary project was not successful, even though the temperature was 146 degrees C. They may can go back and frac it for better flow rates or sell the water for direct heating. The JV are now planning for their next project which they think will be more successful. I think that GRK is gaining valuable experience from these Hungary projects and also have recruited a geothermal expert to the company.