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Petratherm announce MoU with Heathgate Resources PDF Print E-mail
Tuesday, 31 October 2006
Petratherm Limited announced they have signed a Memorandum of Understanding with Heathgate Resources, the owner of the Beverley Uranium Mine, relating to the supply of electricity to the mine from Petratherm’s Paralana Project. 

Only an hour or two later, Petratherm announced that they are also the preferred hot rock company to assess the prospectivity of China for non-volcanic geothermal energy under the AP6 agreement. Not surprisingly, PTR’s share price jumped from 29c to 37c!
 
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Newsflash

The Australian published an article promting the Rud Government to give the Geothermal and other green energies a "hefty kick along" warning that Australia might end up having to pay to import technologies that we let slip.