Greenearth Energy’s resource estimates
Australian Greenearth Energy Ltd. announced recently the results of initial studies in two of their tenements. For Geothermal Exploration Permits GEP10 (about 8,400 sq. km) and GEP13.
Australian Greenearth Energy Ltd. announced recently the results of initial studies in two of their tenements. For Geothermal Exploration Permits GEP10 (about 8,400 sq. km) and GEP13. Both located in Victoria close to Melbourne in Australia. The work was completed on behalf of the company by consultants Hot Dry Rocks Pty Ltd.
For GEP10 the company estimates cut-off temperatures of 125 degrees Celsius for the Hot Sedimentary Aquifer (HSA) reservoir and 150 degrees Celsius for the EGS reservoir and believes both values to be appropriate for currently available organic ranking cycle (ORC) technology. The area has been explored for both HSA electricity generation, direct use applications and EGS electricity generation. While no estimates for the recoverable thermal energy or net generating potential of its Inferred Geothermal Resources have been made, the company expects the generating potential to be in the “hundreds of MWs”.
For GEP13, also in the state of Victoria, the company announced early results of inferred resource work on January 5, 2009. The resource described in the announcement only covers 0.5% of the permit area, but provides a minimum potential for a 10 MW electricity generation capacity if only about 3% of the stored heat would be recovered for over 30 years. The resource is also close to existing infrastructure making transmission and supply to neighbouring townships and industries accessible.
Source: Company Statements