News

KUTh Energy updates on Tasmanian and Vanuatu project

Erakor Island Resort, Efate, Vanuatu (source: flickr/PhillipC creative commons)
Alexander Richter 2 Aug 2010

Australian KUTh Energy aggressively moves its Vanuatu project forward, while continuing its flagship project in Tasmania, as well as newly granted exploration licenses in North Queensland.

In its quarterly update in early July, Australian geothermal developer KUTh Energy provided details on the status of its projects in Tasmania/ Australia and in Vanuatu, as well as granted exploration licenses in Queensland.

In the release the company talks about the individual projects in detail.

The Tasmanian project is still the flagship project of the company, while it has concentrated on aggressively moving its Vanuatu project forward.

In Tasmania, the company’s attention focussed on the consolidation of results from recent geophysical
programs and the ongoing refinement of drill targeting at  its twin Charlton-Lemont and Nicholas-Fingal
resources (see resource statements released 14 July 2009 & 9 March 2010).  This work was underpinned
by the completion of infill gravity survey data acquisition at the company’s Naturally Fractured Hot Rock
play at Charlton-Lemont resource.

New work is underway on the appraisal of recently granted exploration permits EPG 9 (Georgetown) and
EPG  7  (Jackin  Creek)  in  North  Queensland.    One-dimensional  heat  flow  modelling  of  existing  deep
boreholes  at  EPG  7  has  produced  encouraging  indications  of  local  thermal  anomalies  with  values  in
excess  of  100mWm-2 predicted  at  several  sites.    Additional  work  in  progress  on  the  Queensland
tenements  includes  the  appraisal  of  available  geological  and  geophysical  data  and  planning  for  a
reconaissance spring sampling program on EPG 9.

Vanuatu  progress  continues  to  be  impressive.    Following  the  release  of  results  from  the  recently
completed magnetotelluric survey (release dated 19 May 2010) the company has spent time in Vanuatu
closely  engaged  with  the  Government  and  local  energy  regulator  to  establish  the  path  for  future
development.   We also updated the market in June concerning the appointment of Mr Jim Randle who
will play a key role in taking the Vanuatu project through its next development phase. ”

Source: company release via e-mail