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Re: GRK - Green Rock Energy

Lucky_Country said:
TEY has got the prime tennaments in SA and VIC.
Torrens Energy gets its name from Torrens Lkae in SA.
TEY is the leader in geothermal with regards too tennament holdings but GRK can also do well
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Seems they all claim some form of leadership. Though off GRK topic a little bit read today about Petratherm and Beach Petroleum, someone had mentioned Beach petroleum before. So many choices, made a bunch on GRK maybe time to invest across the sector as I truly believe in it.
 
Re: GRK - Green Rock Energy

I sold out of Green Rock the other day @.155. Maybe this was too early to sell. Stock is on fire. Up 25% today. How far will this one go?. Was hovering around .09 for quite a while but now has exploded.
 
Re: GRK - Green Rock Energy

Seems GRK was up 23.33% today....no news out but the graph from what I can tell is look nice....

Is anyone still holding ? ...
 
Re: GRK - Green Rock Energy

i am holding a small bit i picked up a few weeks ago - i think it may be going up on speculation of a bhp move after bhp announced it is looking into alternative energy.

Only reason i bought into it (along with TEY and EDE) is that i see a bright future for these up-coming alternative energy projects.

Here is to hoping they succeed!
 
Re: GRK - Green Rock Energy

I am surprised to say the least. I was a true believer but only believed upto 15.5c when I sold out (having bought 8.9c). Bought in again briefly for a smaller gain to sell at .18c, never thought for a minute it would go over .20c. Just goes to show.
 
Re: GRK - Green Rock Energy

Long time reader - first time poster and I've been interested and now hold GRK for some time. While I think their competitors in TEY are the pick of these sub $1 alt.energy stocks, GRK certainly look to be building to match them within the next year - or at least that's what I believe...2008 will be a very big year for GRK - definitely a long term pick...I'm rapt with how far they've come thus far.
 
Re: GRK - Green Rock Energy

Hawkeye said:
Long time reader - first time poster and I've been interested and now hold GRK for some time. While I think their competitors in TEY are the pick of these sub $1 alt.energy stocks, GRK certainly look to be building to match them within the next year - or at least that's what I believe...2008 will be a very big year for GRK - definitely a long term pick...I'm rapt with how far they've come thus far.
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Hawkeye, my opinion is that the majority of these geothermal, or even the rest of the renewable energy stocks, are only at the early exploration stage.

TEY does look good with their about 50M shares/40M mktcap, but then that would increase easily when they start issuing more shares to raise funds, which these new explorers definitely need to fund their work.
 
Re: GRK - Green Rock Energy

I do agree that the renewable energy sector will definitely be a good long term investment, but things change quickly...i note the uranium sector being such a hot item before June suddenly turned cold.

GRK seems to be having its little own consolidation at the moment..
 
Re: GRK - Green Rock Energy

2 Jul 2007 10:56
Ideal Stress Regime for Olympic Dam Geothermal Project

Green Rock Energy (ASX:GRK), a leading geothermal energy company, today announced that studies by the CSIRO of data from the Company’s Blanche No. 1 well supports the Company’s view that its geothermal leases at Olympic Dam are influenced by an ideal stress regime for a geothermal heat exchange reservoir.

The study by the CSIRO of the in-situ stresses using drill core and drill log data from the hot granites drilled in Blanche No. 1 (which was drilled to 1.93km depth, by the Company, alongside the Olympic Dam mine) indicates that the two principal horizontal stress directions from the hot granites are greater in magnitude than the principal vertical stress direction.

According to the CSIRO study : “the vertical stress being the minimum stress implies that hydraulic fracture orientation and fluid flow in a stimulated zone are most likely to be in a subhorizontal direction. This is an ideal situation for generating an optimal heat exchange reservoir that would allow a maximum distance between injection and production wells.”

Water pumped through fractures that open in a sub-horizontal direction will optimise the recovery of heat from the granites. Water circulated between injection and production wells essentially would be traveling horizontally through the granites as it gathers the heat trapped in the granites.

A sub-horizontal pathway through the granites means that the heat exchange process would be maximised. If the pathways had not been sub-horizontal, the water traveling through the fractures connecting the wells would pass from hot rocks to cooler rocks at shallower depths, reducing the effectiveness of the underground heat exchange process.

Green Rock Energy’s next step will be to measure the actual size and orientation of these principal stress directions in its forthcoming mini-hydrofrac to be carried out this year in its Blanche No. 1 well under contract with the CSIRO. This should substantially reduce both the
risks and costs of the deep fracture stimulation program by providing the Company with data to engineer the drilling of the deep wells and to optimise the design of the fracture stimulation program connecting those wells. The Company is in the process of securing a suitable drilling rig for this purpose.

About Green Rock Energy

Green Rock Energy is undertaking the evaluation of an engineered geothermal system (EGS) at its Olympic Dam Project, located within 10 kms of BHP Billiton’s Olympic Dam copper and uranium mine, in preparation for the construction of a series of EGS reservoirs to provide the heat energy to power a base load power plant in excess of 400MWe. In Hungary the Company
is working on developing geothermal power from hot geothermal water trapped in sedimentary rocks.

What are everyones thoughts on this? Its now back trading at 19-20c so the market received it fairly well it seems. I like the fact that BHP and CSIRO are cooperating with them and hopefully they manage to source a good drilling rig soon.
 
Re: GRK - Green Rock Energy

interesting article about grk in the age yesterday, being located nxt to bhp's olympic dam, and interest in hungry.

with production to be many years away, what it the does anyone have any ideas where the short term price targets will be for this stock. just curious as to what short term events would drive this stock. tey was i stock i was going to go into, had probs with etrade on the day i wanted to go in, missed it at high 40's and went into it at 51 cents, before selling it as it had low volume to see it skyrocket before all the hype in the media, damm. looks like tey has come down back to earth though.

thinking about getting into this speccie, but have funds tied up in blue chips, more recently small caps. no money left to pay with so prob wont, but think this could be nice one to trade with such a small market cap any movement would be quite large. anyway will have a think about this one, if i offload one of my small caps might go into it.
 
Re: GRK - Green Rock Energy

Announcment

"External expert assessment confirms the enormous potential of the Olympic Dam Geothermal Energy Project. Estimated net power capacity of up to 7.6MWe per well"

Up 40% on this news
 
Re: GRK - Green Rock Energy

Hi I'm pretty inexperienced, any ideas on what effects the new announcement will have.
Announcement refers to changes in GEL licences and modest placement.
Hoping it is BHP as they are part of the new Emmissions Alliance, maybe they are going to put their money into GRK.
Any thoughts?:confused:
 
Re: GRK - Green Rock Energy

GRK has started to steady off at 13c the past few days, any opinions whether they will go up in the near distant future of if the will go below 10c again?
I am currently holding a large amount of GRK shares purchased at 8.5c.
Should I keep or sell?
thanks ppl
 
Re: GRK - Green Rock Energy

Struth - been a while since anyone posted about GRK! As I noted in an earlier post - 2008 is a big year for some of these Geothermals

http://http://www.abc.net.au/stateline/wa/content/2006/s1923316.htm

read this...then read this...

http://http://www.mediastatements.wa.gov.au/media/Media.nsf/0c079b992e7e607a48256a5a0016e16b/109d39c119cfef97c82573a900223b5b?OpenDocument

With W.A just having given the 'Green' Light (pardon the pun) to Geothermal - GRK repsonded by creeping up on what was an horrific day on the stock market for most...Adrian Larking has been looking into WA for some time now...12c today
 
Re: GRK - Green Rock Energy

Not much of a mention for GRK lately. This is a stock that I suggested should benefit from a Rudd Government. An announcement today states that hydraulic fracture testing at the Olympic dam site is about to commence. The Blanche No1 well was drilled to a depth of 1935 metres and will be hadraulically fractured at various depths to the bottom of the well. This will determine the pressure required th fracture the hot rock.
The results of the testing program will be used to design the initial injection and production wells at greater depths in the hot granites and a major fraction stimulation via permeable fractures generated at depth. Given success this well pair will be used to feed geothermal energy to a pilot electricity generating plant. I suggest Peter Garrett will be watching progress here and so should investors prepared to take a risk. DYOR.
 
Re: GRK - Green Rock Energy

nioka said:
Not much of a mention for GRK lately. This is a stock that I suggested should benefit from a Rudd Government. An announcement today states that hydraulic fracture testing at the Olympic dam site is about to commence. The Blanche No1 well was drilled to a depth of 1935 metres and will be hadraulically fractured at various depths to the bottom of the well. This will determine the pressure required th fracture the hot rock.
The results of the testing program will be used to design the initial injection and production wells at greater depths in the hot granites and a major fraction stimulation via permeable fractures generated at depth. Given success this well pair will be used to feed geothermal energy to a pilot electricity generating plant. I suggest Peter Garrett will be watching progress here and so should investors prepared to take a risk. DYOR.
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Nice call Nioka. Have a look at today's announcement - applying to receive a $7m grant from the Federal government's Goethermal Drilling Program. Big bucks when you consider they currently have $1.5m in the bank. Ann also mentioned that they are:
- recruiting, searching for a farm-in/JV and completing a 'proof-of-concept' for Olympic Dam; and
- hoping to progress West Aussie licences to exploration stage.

It is, or is hoped to be, a 'major growth phase' for Green Rock.

Acorn Capital believe them anyway. They took up 15m (or 8% of issued shares of 180m) @ 10cps. Who are Acorn Capital - they are a specialist investment manager focused solely on the microcap sector of the Australian share market. Australian Unity seem to think they know their ****e - they have launched the 'Acorn Capital Wholsesale Microcap Trust' to capitalise on Acorn's skill in picking undervalued listed microcaps of which GRK could be a prima facie example. Here is a link to the PDS:
www.australianunityinvestments.com....n_Microcap_Trust_Wholesale_Short_Form_PDS.pdf

It was trading mid teens last year pre 'ye olde death, doom and gloom' credit crunch so is a re-rating on the cards? Mkt cap (180m shares at 10 cps) is 18m so it could be so.

** Major Risk - hot granites is still an 'unproven' technology so buyer beware. But if it is a goer and can power the mega billion dollar Olympic Dam expansion then it will translate into some good returns IMO **
 
Re: GRK - Green Rock Energy

Hey I missed the anniversary (yesterday) since last chat about GRK, are we still waiting on a Rudd govt endorsement on alternative energy Zzzz..

Has anyone done any sort of correlation between the interest in alternative energy vs the price of oil? I think there might be a coorelation. Maybe I should ask that on another thread...
Good night for now.
...Zzzzz
 
Re: GRK - Green Rock Energy

Yes. Green Rock Energy has secured a $7m dollar government carbon emmisions grant .

also

If elected to government, the opposition (Tony Abbott) would spend $3.2 billion of taxpayers' money over four years on incentive payments to industry to reduce emissions.

"Our policy will be simpler, cheaper and more effective than the government's," Mr Abbott said.
 
Re: GRK - Green Rock Energy

Any participants in the current capital raising?
Could be interesting times with the ETS back in Parliament in a couple of months time.
 
Re: GRK - Green Rock Energy

Been a couple of years since I looked at this one.
I thought it would be a ripper.
Anyone give me a brief rundown on what has happened??
The company website doesnt relly give me any insight.
What happened in SA??
 
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