Also on Tuesday 11th, private company Osiris Energy released a statement to announce it has been awarded GEL-223 in the Penola Trough, South Australia. Osiris originally applied for the licence in December 2005, but Origin Energy submitted an overlapping application.

Origin withdrew its application on the understanding that Origin will be offered the option to participate in any capital raisings undertaken by Osiris. According to Osiris’ statement, “the area offers the potential for a fast track development of a geothermal energy resource identified on existing available geoscience data.”