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GRE release update on flow tests |
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Friday, 16 March 2007 |
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Things went very quiet for a couple of weeks. Some might say “too quiet.” Then on
Friday 16th, Green Rock Energy released an update on flow tests from their Ortahaza
Project in Hungary.
Bottom-hole temperature at Ortaháza No 5 was confirmed at 146°C.
Flow was enhanced through acidification of the carbonate reservoir and is considered
suitable for supply of energy for direct heat but insufficient for commercial electricity
power production.
This means that GRK’s World Bank insurance policy kicks in and
they should get back most of the money they spent on the testing.
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