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mooomooo

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  1. In reply to: hwill on Monday 24/11/08 04:58pm Obama gives nuclear a fairly affirmative mention here http://au.youtube.com/watch?v=hvG2XptIEJk&....wordpress.com/
  2. In reply to: golfnvester on Tuesday 05/02/08 10:11am It's not really news, but a recent (last weekend) mention, and inclusion in the portfolio of the SMH column, Diary of a Day trader may have pushed things along a little. May simply have been enough to reassure some people that there is nothing dramatically the matter.
  3. mooomooo

    AYN

    QUOTE (woteva @ Sunday 23/12/07 10:03am) woteva, I'm not disputing whether or not you'll make money buying MMN now - though, a quick glance at 5yr charts will show that sliver has gone from $5 to $14 (US) while MMN has gone from $0.10 to around $0.21, it's a pretty poor show when buying physical would have given you a better return than MMN management have given shareholders (never mind the volatility). I also believe silver is on the way up, but I think gambling on an outfit with a record of taking advantage of shareholders sux. And my point was that, I think it sux for more reasons than that you might just lose some money. Best of luck to you!
  4. mooomooo

    AYN

    QUOTE (woteva @ Saturday 22/12/07 04:00pm) woteva, maybe you should buy some BQT as well? - unwanted and run by management that have really earned disrespect. Even if you do manage not to get burned, aren't you a little dissatisfied with the thought of not having somewhere more 'worthy' to put your money? There are lots better of opportunities out there.
  5. mooomooo

    AYN

    QUOTE (david17 @ Saturday 22/12/07 04:05pm) to be fair! 13-Dec-2005 SPP announcement said, QUOTE Commence commissioning the silver extraction electrowinning plant in the first quarter of 2006, moving to sustained silver production in the second quarter of 2006. Annualised production could range between 2 and 3.5 million ozs silver depending on performance of the above plant and the silver price.
  6. In reply to: nugmit on Tuesday 18/12/07 03:47pm Ta very much for sharing that Nugmit
  7. mooomooo

    RYG

    Out with the old, in with the new. Not looking bad for a down day. People hoping the name change will increase interest? I hope so too. Maybe 18cents will soon be a thing of the past. QUOTE The company wishes to advise that as from today, its name will change from Uranoz Limited to Panax Geothermal Ltd (new ASX code: PAX). With effect from Tuesday 18 December 2007, all ASX trade in the Company’s shares will now be conducted using the new code of “PAXâ€ÂÂÂÂÂ. The rationale for the name change has previously been explained. In summary, following the acquisition of geothermal assets in South Australia, India and Kyrgyzstan, the Company is in the process of becoming a pure geothermal exploration and development Company. The process of divesting the Company’s uranium exploration assets in South Australia and Western Australia has been initiated. Apart from the above mentioned uranium assets, the remaining assets of the ‘new’ Panax Geothermal are: • The Limestone Coast geothermal project in South Australia (100%); • Rights to earn interests in the Puga and Krishna-Godavari projects in India; • Rights to earn interest in Kyrgyzstan geothermal exploration tenements; • Cash of approximately $10 million; and • Issued shares numbering approximately 110 million
  8. Yet another nice news story . . . http://www.nature.com/news/2007/071212/full/450934a.html QUOTE Promise boiling over Geothermal power is one of the hottest prospects in the burgeoning clean-energy market. But, as Kurt Kleiner reports, it's not close enough to home for many uses. Kurt Kleiner Iceland is famously rich in geothermal energy. The country sits on a geological hot spot that provides enough power to generate one-quarter of its electricity and heat 90% of its homes. Now, the Icelandic bank Glitnir has decided that the time is ripe to take advantage of geothermal opportunities elsewhere. In September, the bank opened an office in New York to pursue what it boldly predicts will be $40 billion worth of geothermal investment in the United States over the next 20 or so years. Glitnir's move is one of a growing number of signs that geothermal energy is ready to become a more significant player in world energy production. “If you're a utility, your first choice of renewable energy is geothermal,†says Thomas King, managing director of the US Renewables Group investment fund in New York. “It's the cream of the crop.†King's bullishness reflects a growing belief among energy analysts that although the technology hasn't received as much attention as wave or solar power, geothermal companies have outstanding long-term potential. Robert Wilder, chief executive of Californian clean-energy consultancy WilderShares, points to Ormat Technologies, a maker of geothermal plants based in Reno, Nevada, as a sign of the trend: its share price has risen from about $16 a share in April 2005 to $50 this week. Nevertheless, with just 9 gigawatts or so of installed capacity, geothermal energy accounts for only about 0.2% of all electricity produced around the world. In theory, geothermal heat can be found anywhere in the world if you dig deep enough. But in practice, it has only been worth harnessing in regions where water is found in combination with hot, porous rock close to the surface. For instance, just north of San Francisco, a geothermal field called The Geysers generates 760 megawatts of electric power. The plants there take advantage of a large, naturally occurring underground steam reservoir that can be tapped by drilling relatively shallow wells. The Geysers are examples of 'dry-steam' power plants: the steam that comes out of the reservoir contains little or no liquid water, and can therefore be routed directly to a turbine to create electricity. However, most plants are of the 'flash-steam' variety. These plants use water that has been heated to about 180 °C, but remains liquid because it is highly pressurized underground. The water is then pumped to the surface. Because the pressure there is lower, most of the water 'flashes' into steam, which can be used to operate a turbine. When the water is around 100–180 °C, 'binary' plants are used. These make use of hot water to heat a working fluid, such as isobutane, which has a lower boiling point than water does. The vaporized working fluid is then used to drive the turbine. Deep pockets Even in favourable geological locations, geothermal power has a high capital cost, mainly because it costs a lot to dig the wells. Balancing that are its low fuel costs. Overall, conventional geothermal plants in the United States deliver electricity for between 5 cents and 8 cents per kilowatt-hour: not much more than the average of 4 cents per kilowatt-hour for electricity from a coal-fired power plant. In Australia, a firm called Geodynamics is trying to develop a new technique that can take advantage of geothermal energy in the absence of a ready-formed reservoir of water. “We believe that our area is probably the best location in the world to make this approach economically viable,†says Doone Wyborn, a founder and executive director of Geodynamics in Queensland. The firm plans to use the Cooper Basin, a geological feature of the Australian interior, in which rocks with a temperature of about 270 °C are available quite close to the surface. Geodynamics aims to drill two wells to a depth of 4.3 kilometres, and to fracture the hot granite in the rocks by pumping down cold water. Once the rock is permeable enough, the system will act as a heat exchanger  water will be pumped down one well, migrate through the rock to the other well, from which it will be extracted and used to generate electricity. The company plans to have a 50-megawatt power plant in operation by 2010. It estimates the potential capacity of the Cooper Basin at 10,000 megawatts of power, which could be realized by drilling hundreds of wells. The Geodynamics project is an example of a technology called 'hot-dry-rock' or 'hot-fractured-rock' geothermal. A report by the Massachusetts Institute of Technology (MIT) in Cambridge published in January concluded that this type of 'enhanced' geothermal power generation could greatly enhance our ability to tap geothermal energy. “I feel it's been an ignored option,†says Jefferson Tester, the chemical engineer at MIT who headed the panel that wrote the report, The Future of Geothermal Energy. “But I'm very optimistic about the possibility if a lot of things come into place.†Eventually, geothermal energy could be available almost everywhere, the report contends. Deep drilling from any location will eventually hit hot rock. In the United States alone, the report says, the amount of energy available by drilling up to 10 kilometres below the surface is a stunning 13 yottajoules (1024 joules), or 130,000 times the annual energy consumption of the entire country. Only a fraction of that is economical to exploit. Even so, the report concluded, in the United States alone, enhanced geothermal electrical capacity could reach 100 gigawatts in the next 50 years  enough to fill about 10% of the country's electricity needs. An important benefit of such systems is their flexibility, Tester says. They could prove to be economical from a very large scale, all the way down to a relatively small, 1-megawatt plant that also provides direct heating to buildings. As in Iceland, this combined heat-and-power approach greatly enhances the economics of geothermal power. But it requires building communities that can make use of the heat. Powerful exchanges Another geothermal option is the use of heat pumps. These use a vapour-compression cycle  the same principle that makes a refrigerator work  to transfer heat from below the ground in the winter, and to transfer excess heat out from buildings in the summer. Tester says that geothermal power will make economic sense even without special incentives or restrictions on carbon emissions. As governments move to restrict greenhouse-gas emissions, geothermal power is set to look even better. King adds that the standards for renewable energy being set by individual states have kicked off a flurry of interest in geothermal power. “It's clean, it's close to zero emissions, and it's baseload power that runs 24 hours a day, 7 days a week. And a well-managed reservoir can keep going practically forever,†he says.
  9. From the BBC http://news.bbc.co.uk/2/hi/science/nature/7140983.stm QUOTE A greener way to recover methane Oil reservoirs could have an environmental make-over with the help of bacteria. A report in Nature has shown how crude oil in deposits around the world are naturally broken down by microbes to methane. Scientists say that increasing microbe activity would produce a more energy-efficient method of methane recovery. It is likely field tests will start by 2009. The ability to recover methane directly from deeply buried oil reserves means energy-intensive and thermal polluting processes are removed. . . . story continues . . .
  10. mooomooo

    MEO

    50mil shares at $1.25 QUOTE Previous fund raising activities provided the Company with sufficient capital to meet the dry hole costs of the two back-to-back appraisal wells in the current drilling campaign. Funds raised will be applied to the following planned activities: • Initiation of LNG and methanol project studies including site selection to secure a casting basin site in SE Asia for the potential construction of the methanol plant and LNG tank substructures, pre-FEED, finalization of Basis of Design documentation and Capex reviews of the projects; • Production testing of the gas bearing zones in the wells (refer ASX Releases December 5, 2007 and December 10, 2007); • Acquisition of approximately 800 sq km of new 3D seismic to extend the existing 500 sq km 3D seismic coverage over the whole of the Epenarra and Heron structures in NT/P68. Acquisition is planned for March 2008; • Acquisition of new 3D and 2D seismic in the recently acquired Northwest Shelf permits; • Contingency for drilling cost over-runs and general working capital.
  11. mooomooo

    MEO

    In reply to: gasbag on Tuesday 11/12/07 05:40am Gasbag, even though we only just raised $18mil?
  12. In reply to: triage on Wednesday 28/11/07 12:53pm Yep, One more small step on the road to becoming and, importantly, being recognised as an industry, rather than a collection of science experiments. Fingers crossed for the hole too. Deja vu, but this time we are gunna make it, we have Origin more committed than before +, as you point out, both sides of the Fed Govt likely to demonstrate a sense of environmental responsibility.
  13. Lobbyists don thermals for geothermal energy bunch Cameron England, November 28, 2007 12:00am, Herald Sun A NEW lobby group representing the geothermal energy industry has been established. The Australian Geothermal Energy Association will meet for the first time in December to determine the key policy issues it will take to the federal and state governments. Petratherm managing director Terry Kallis said the industry had developed greatly in the past few years, and the 29 firms which made up the sector needed a separate voice to other renewable energy producers. "At the AGM we'll pick the top three or four issues common to the industry and start working through those," Mr Kallis said. He said the new Federal Labor Government's goal to increase renewable energy use to 20 per cent by 2020 was a boon to the industry. "The geothermal industry has the potential to be the lowest-cost renewable in that market and it's bigger than what was being proposed by the former government. "In that time frame Labor policy is clearly no nuclear power stations, so there isn't any other form that I'm aware of that would provide base load apart from geothermal . . . it gives us a huge opportunity." Mr Kallis said he expected strong investment in the sector to continue. "What you're seeing now is Victoria's legislation has opened up, you're seeing a second round happening in Queensland . . . the Northern Territory's preparing its legislation, the same with Western Australia, so you'll see more around the country." Mr Kallis said Geoscience Australia, the federal geoscience information organisation, had been given a significant amount of money to look at providing information on Australia's subterranean heat flow, which would be provided to developers. Former Renewable Energy Generators Australia chief executive Susan Jeanes is AGEA's interim secretary, and Geodynamics managing director Gerry Grove-White is interim chairman.
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