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Geothermal Resources Ltd. provides resource estimates for Frome project

As Geothermal Resources Limited announced, the company has conducted temperature gradient drilling at its Frome project in Australia and is providing details on the outcome in a recent release.

As Geothermal Resources Limited announced, the company has conducted temperature gradient drilling at its Frome project in Australia and is providing details on the outcome in a recent release.

According to the announcement, “this drilling has confirmed several important points :

Using parameters an Inferred Resource estimate for the thermal energy in place for the defined resource area is 84,000 PJ. The Inferred Resource status reflects the uncertainty concerning how much of this in place thermal energy will ultimately prove to be recoverable. If a conservative heat recovery factor of 20% is applied [based on Tester et al. (2006) then the potentially recoverable thermal energy based on the above Inferred Resource estimate is 16,800 PJ.

Source: Company announcement via The Sydney Morning Herald

Alexander Richter
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