Planet Gas receives 3 Sydney Basin exploration licenses
The Sydney Basin Near Long Reef, Collaroy, Australia (source: flickr/ MD111, creative commons)
Alexander Richter
30 Apr 2010
Planet Gas has received three Sydney Basin geothermal exploration licenses in Australia.
Released in Australia, “Planet Gas, which is engaged in the acquisition, exploration, development, production and operation of oil, gas and geothermal energy, has received three Sydney Basin geothermal exploration licenses.
The geothermal exploration licenses G8TA_O, G8TA_R and G8TA_S, cover approximately 5,077sqkm of prospective ground in the Camden, Richmond and Ourimbah areas, all within the Sydney Basin.
The company plans to target exploration in these areas for large scale Hot Sedimentary Aquifer (HSA) geothermal resources hosted by the Illawarra Coal Measures and the Shoalhaven Group. A three year technical work program will be initiated to test for the presence of a HSA geothermal aquifer system, its temperature, flow rates, connectivity and the potential for geothermal power generation, the company said.
Sharif Oussa, managing director of Planet Gas, said: “Planet Gas has developed a clear exploration strategy for these highly regarded Sydney Basin geothermal license areas we now look forward to putting that strategy into action, now that these licenses have been granted.”
Source: Trading Markets
