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KUTh Energy activities update PDF Print E-mail
Thursday, 26 April 2007
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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Newsflash

A proposal from Pacific Hydro to the Federal Government was reported in the Australian Financial Review. Amongst other things, PacHydro promoted the connection of remote geothermal energy projects to the national electricity market.