west coast geothermal to become significant

Thats the headline in todays Launceston Examiner.

Sorry, no link to the Examiner- there is a link to a page but you have to subscribe to get the full article.

After describing the recent approval of the Special Exploration Licence, the article quotes Tony HR-

"We see ourselves as very fierce contenders to produce electricity for the state grid and we will move very fast......

We are really raring to go- we have targets generated already.........

Everybody knows that the mines down there are quite warm at depth, for instance Rosebury has to use refrigeration......

.....all fundamental data look really positive...

Unlike most prospective geothermal tenements on mainland Australia, the area covered by the new licence are close to roads and powerlines, minimising additional infrastructure costs....

Shareholders in Allegiance are likely to be offered a priority allocation of shares in GET (Geothermal Energy Tasmania) when a prospectus is released...."

Im in, I think this will really take off.

The state relies on hydro electric power and the dams are low due to drought- even though rains have been better this year it takes many years to fill the dams.

Basslink cable links Tasmania to Victoria and power can go both ways.