Petratherm Ltd Quarterly Report (4-traders - press release)
Petratherm Ltd of South Australia, has released its latest report. Quarter one highlights:
- Paralana: Focus was on unlocking the $13 million Emerging Renewables Program grant by meeting the conditions precedent to restart the Paralana Geothermal Project in 2014.
- Spain - Tenerife: In discussions on joint venture arrangements with a major Spanish energy company for the Tenerife geothermal project. A 3D magneto-telluric (MT) survey has defined a geothermal target on the southern slopes of Teide Volcano, Tenerife, in an area suitable for development.
