My thoughts are that sometime, one day, a company needs to make money and this seems to be a long way off - same for the other geothermals. The basic idea seems simple enough but the reality is very different. The Paralana well has had problems/costs from the beginning and these seem to be ongoing - is it viable? One positive is that Beach Energy are hanging in there. I bought PTR for the Spanish concessions and am still hoping these may be commercial in the near future. I'm also holding GDY as the resource is there and one day the techniques will be developed. NB This is not a share stategy that I would recommend to anyone else (hold and hope)
PTR Price at posting:
13.8¢ Sentiment: Hold Disclosure: Held
