Hmmm, I may have got the name wrong. Whoever or what ever they are called. They are into "Hot Rock" technology. They have been drilling in central Australia somewhere and if successfull, they were going to use Wasabi's Kalina process to convert heat energy into electricity. Of course there would have been a pay off for Wasabi if all went well. Clearly the drilling program was disappointing and hence the spudding of holes. Sorry about the confusion.
For what it's worth, I feel that Wasabi's SP will rise with the inevitable rise in oil. Perhaps only a few cents. That will be my time to get out.
gkp.
WAS Price at posting:
1.5¢ Sentiment: None Disclosure: Held
