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Tuesday, 03 June 2008

Geelong has potential to be a world leader in geothermal energy production

In the Geeolong Advertiser, on the 3rd of June, a story read that Geelong could top an international list of cities on geothermalgoldmines. Greenearth Energy has announced an independent consultant's reportranked the greater Melbourne area as the number one in the world forhot energy below its surface. Geothermal energy consultancy Hot Dry Rocks conducted the report,taking data from a 100km radius of 40 international cities that werepart of the C40 climate change leadership group.
 
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An announcement from Petratherm Ltd has told us that Weatherford Drilling has a 2000HP ‘Lightning Rig’ on track to spud Paralana 2 in May 2009. Also, the Paralana passive seismic array has been installed and is now taking readings of background seismicity. PTR has also lodged an application for funding from the GDP.
 

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