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PETRATHERM LTD - ASX: PTR
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Description
Petratherm is committed to the exploration and development of emission free, geothermal energy projects that are commercially sustainable. Petratherm Limited is a leading explorer and developer of geothermal energy based in Adelaide. The Company was listed on the Australian Stock Exchange in 2004 (ASX Code: PTR) and is actively involved in projects in Australia, Spain and China.
Paralana, South Australia
Petratherm's flagship Paralana geothermal energy project site is adjacent to the Mt Painter region of South Australia's northern Flinders Ranges. Last year, Petratherm and our joint venture partners completed the first of two deep wells required to begin creating a low-impact, fully operational geothermal energy pilot plant in 2011. The project was recently awarded a $62.8 million Federal grant.
East Gippsland, Victoria
The Company has been awarded a geothermal exploration permit (GEP) in Victoria's East Gippsland Basin to develop a Hot Sedimentary Aquifer (HSA) geothermal project. Preliminary economic analysis indicates that the project is capable of producing commercially viable, large scale base load, power generation.
Renmark, South Australia
In February 2007 the Company acquired two geothermal exploration licences (GELs), located 26 kilometres northwest of Renmark in South Australia's Riverland Region. The tenements cover the highly prospective Renmark Trough and are ideally situated in very close proximity to two major transmission lines capable of carrying in excess of 220 MW of power.
Canary Islands, Spain
Petratherm has secured a geothermal exploration licence on Tenerife - the largest of the seven volcanic islands comprising the Canary Islands’ archipelago off the northwest coast of Africa.
Mainland Spain, Spain
Petratherm is set to become the first company to formally develop geothermal energy projects in Spain. It is undertaking geothermal projects in the key large electricity consuming markets of Madrid and Barcelona.
China, Asia
Petratherm is the only Australian geothermal developer formally endorsed by the Chinese and Australian governments through the Asia-Pacific Partnership. This involves Petratherm helping China - the world's fastest growing market for electricity - rapidly progress its highly promising geothermal energy opportunities.
Mine For
geothermal
Location of operation(s)
Victoria, South Australia, Spain, China
Address
Level 1, 129 Greenhill Rd
UNLEY, SA, AUSTRALIA
Phone
(08) 8274 5000
Website
Last Updated
04/03/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.