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KUTh Energy activities update |
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Thursday, 26 April 2007 |
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Australia’s southernmost geothermal aspirant, Hobart based KUTh
Energy, released an update of its activities in Tasmania.
Kuth has a single 12,000+ km²
tenement in eastern Tasmania (now THAT’s a tenement!), granted in 2006. The
tenement includes thermally anomalous granites, interpreted to extend from the surface
to greater than 5 km depth; a cover sequence thicker than 5 km in places, including
economic coal measures; boreholes with heat flows up to 159 mW/m² (that’s higher than
both Habanero and Paralana!) and high thermal gradients; the Tamar (electrical)
Conductivity Zone, a large, deep anomaly which may be a brine filled shear zone—
perhaps a natural hydrothermal geothermal system!
As well as all that, KUTh has applied for tenements in other states; has raised $0.5m in
seed capital, leading to an IPO later this year; is currently assembling a Board; is
currently seeking existing drill holes >300 m deep for new heat flow measurements; and
is planning an MT survey later in the year.
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