Petratherm Completes Paralana Fracture Stimulation for Geothermal Energy
Sydney, July 19, 2011 AEST (ABN Newswire) - Petratherm Ltd (
ASX:PTR) and joint venture partners Beach Energy (ASX:BPT) and TRUenergy have successfully completed the Paralana Fracture Stimulation being a part of the Paralana geothermal energy project. Temperatures of 167 degrees centigrade at 3,670 metres were encountered. The next stage of the project will be injecting high pressure water into the subsurface rocks, from which geothermal water can be extracted for electricity generation.
Clark Oil and Gas has completed seismic surveying in ATP840 in the Surat Basin Queensland. The new data has highlighted a number of conventional oil and gas traps plus the potential for large volumes of basin centred gas in the block. If successful this would be a significant new play in the basin, with very large potential. Work is continuing on the new data prior determining potential drilling locations.
C @ Limited (ASX:CEO) reported today they have high quality coking coal at their Ovorhangay project, These quality results along with the proximity of licences to the Chinese border and access to existing infrastructure make the economics of these assets very favourable.
Renaissance Uranium Limited (ASX:RNU) is pleased to announce that recently completed multi-element soil sampling at its 100%-owned Cutana Project in north eastern South Australia has resulted in the identification of seven further zones of strong anomalous gold geochemistry immediately southwest of the White Dam gold Mine.
Investorium.tv, Asia's corporate webcasting platform will be broadcasting an Energy Program on August 8th. Companies including Environmental Clean Technologies (ASX:ESI) and Oil Basins Limited (ASX:OBL) will be simultaneously presenting to a live audience in Sydney and Webcast over Investorium.tv from 4:45PM AEST.
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