Friday, 6 November 2009

Planet granted hot-rock licences

Adelaide Advertiser
Wednesday 4/11/2009 Page: 61

Planet Gas has been granted 14 geothermal exploration licences north of Port Augusta, as part of its new geothermal energy strategy. The company acquired unlisted Queensland-based geothermal firm Gradient Energy in September, gaining geothermal exploration rights over an area of 18,300 sq/km, spread over South Australia, Queensland and New South Wales. The 14 licences granted yesterday cover 6589sq/km around the Leigh Creek coal mine.

"The project lies at the head of the national electricity market powerlines that connect the Leigh Creek to Adelaide and Port Augusta," the company said. "The proposed development route for new powerlines connecting the geothermal projects of the Cooper Basin and the Paralana area to BHP Billiton's Olympic Dam mine pass through the tenement area. "The project is located within the South Australian heat flow anomaly - a highly prospective region for geothermal resources."