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KEN, KUTH ENERGY LIMITED
juke
post Posted: May 20 2010, 12:31 AM
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In Reply To: mme's post @ May 19 2010, 11:03 AM

You are so right. A 50% increase in SP without any announcement (at the time). Was it due to the impending meeting this evening (Wed) between McKim and Rudd, presumably public knowledge, or insider trading before the Vanuatu MT survey results were announced? Is either sufficient to justify such an increment? Funding becomes increasingly important with time and any hint of good news on this front would have a dramatic effect on SP. On what basis could Rudd favour KEN when all companies are supposed to be treated equally? Perhaps some special grants or loans could be made on a Commonwealth to State level before redistribution.

I really do appreciate them regularly publishing their data such as the MT maps. Then readers can make some of their own interpretations and develop confidence. The possibility of hydrothermal convection producing hot clays is fascinating.

Mme, if you do hear of any info on the McKim-Rudd meeting please let us know here.

Juke

 
Duster
post Posted: May 19 2010, 11:20 AM
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In Reply To: mme's post @ May 19 2010, 11:03 AM

Hi mme,

QUOTE
I believe the gist of the conversation is about the renewable energy funding recently announced


May explain why a few of the renewable energy stocks are up today. PAX up 10% as well.

Duster.



--------------------
Patience is the key to success.
 
mme
post Posted: May 19 2010, 11:03 AM
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In Reply To: juke's post @ May 10 2010, 11:10 PM

Look at the share price rise today!! News pending. Nick McKIM Greens leader in Tasmania is speaking with Prime Minister RUDD tonight in Burnie. I believe the gist of the conversation is about the renewable energy funding recently announced. biggrin.gif

 
juke
post Posted: May 10 2010, 11:10 PM
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In Reply To: mme's post @ Dec 14 2009, 11:07 AM

Mme,

You have been holding a lonely vigil here. Kuth have done a really stirling job in systematic analysis and shallow drilling of prospective areas. It has all been done on a shoe string and they have great results that thoroughly deserve the next stage of deep drilling in the Tasmanian Midlands. I was quite peeved on their behalf when they missed out on a GDP grant. They were told that the Committee didn't think they could raise the matching cash! Surely that is for the company to decide? There is no doubt that they need further cash but David McD has various ideas. For one, the Tas gov't should come to the party to enhance the clean green state image by balancing its hydro power with geothermal energy. With a cool climate in Tas the direct heating spin offs could be of great value. The big question is how to lever the 'new' Bartlett government into making a substantial commitment? A cash grant of $7M plus an interest free loan of say $10M would be a major fillip to the project. It would provide the first deep well, complete preliminary testing, pressure stimulation, and triple the share price to enable a significant fund raising.

How to begin to roll the ball from here?

Juke



 
mme
post Posted: Dec 14 2009, 11:07 AM
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Took advantage of the downturn on this one due to no Federal funding on this occasion. Bought in at 10.5 and 11 cents! biggrin.gif

 
mme
post Posted: Nov 9 2009, 09:20 AM
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Know we have a lot of plays in this area but for a long term play this imo is looking good! Today's presentation illustrates why I particularly like this one! biggrin.gif

 

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mme
post Posted: Oct 16 2009, 09:38 AM
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In Reply To: mme's post @ Apr 29 2008, 08:56 AM

Nice announcement this morning regarding MOU in Vanuatu with geothermal prospects. KEN imo is severely overlooked in this area and is slowly progressing towards some serious geothermal plays both here (Tasmania) and overseas. Beauty about their projects unlike some others they aren't that far away from important infrastructure which alleviates the costs associated with others!! biggrin.gif


Said 'Thanks' for this post: Financial Chatter  
 
mme
post Posted: Apr 29 2008, 08:56 AM
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Made our TV news last night.
Presentation is out this morning and well worth a read IMO. Early stages when I make comparisons with GDY, I think this is a better play and the presentation highlights some of the distinct advantages of KEN's prospects to that of GDY's. Do the research as I think this will be a ripper IMO. Page 18 of the presentation illustrates where they're at with drilling and future drilling. Good management, close to infrastructure and huge potential with what appears a quicker time line than others in the market IMO. Holding so as usual please DYOR. biggrin.gif

P.S. I held GDY on various occasions. Not holding now.

 
mme
post Posted: Apr 28 2008, 09:06 AM
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Nice one to start of Tassie Geothermal prospects. Holding.

KUTh Energy is pleased to announce that it has received the first batch of equilibrated surface
heat flow values from drilling on its Tasmanian geothermal tenement, SEL26/2005.
HIGHLIGHTS
· Surface heat flow values of between 92 and 96 milliWatts per square metre (mW/m2)
returned from the first 4 drill holes of KUTh’s drilling programme;
· These values fall within the top 17% of heat flow values recorded for Australia in the
Global Heat Flow Database and are within the range commonly reported from the
Cooper Basin;
· The reported values are the first to come from KUTh’s tenement-wide drilling
programme. To date, 16 holes have been completed and the programme is on-going.
As equilibrium is reached in the more recent drill holes, temperature and conductivity
measurements will be made and this will allow the calculation and reporting of further
surface heat flow values.
The reported holes were left to equilibrate for at least 3 months from the end of drilling to the time of down-hole thermal measurement.
Measurements and the calculation of surface heat flows were undertaken by Hot Dry Rocks Pty Ltd (HDRPL), KUTh’s geothermal consultant on the programme.
HDRPL report that this range of surface heat flows recorded from KUTh’s tenement in eastern
Tasmania lie in the top 17% of values for all of Australia found in the Global Heat Flow
Database and are within the range of values commonly reported from the Cooper Basin.
“KUTh’s model for geothermal energy from eastern Tasmania has been confirmed and
enhanced,” KUTh’s Chief Operating Officer, Malcolm Ward said today.
“We have outcropping known hot granites to the north and east of the project area and
geophysical evidence that granites continue south and west under between two and six km of
insulating cover. Now we have confirmation of strong, consistent surface heat flows from
approximately 1,200km2. This is a large area and although further anomalous areas may be
defined we are already planning follow-up drilling to further test this zone.” biggrin.gif

 
mme
post Posted: Feb 23 2008, 01:34 PM
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Another announcement that flew under the radar this week. Paragraph 5 is of extreme interest.

KUTh Energy offered Federal Government REDI grant to develop innovative geothermal energy source in Tasmania Tasmanian-based geothermal energy explorer KUTh Energy (ASX:KEN) has been offered a Federal Government Renewable Energy Development Initiative (REDI) grant to test a new model for developing a geothermal energy source.
Classical hot-rock or Engineered Geothermal Power (EGP) projects require the hot basement rocks to be stimulated after initial deep drilling to enhance the fracturing of the basement thus allowing adequate water flow to capture the heat. This is known as “fraccing” and although a well established technique, embodies geological and hydrological risks.
A section of the KUTh tenement in north-eastern Tasmania is known as the Tamar Conductivity Zone. The Company’s interpretation is that this is a large, deep, natural fracture zone filled with brine (salty water), which reaches into the buried extension of a known hot granite
The $1.8 million REDI grant has been offered to allow KUTh to test whether the granite has
been naturally fractured and is saturated with hot water at depth. If it is, and is large enough to sustain electrical generation, KUTh will have proved a significant new geothermal energy type that is amendable to cheaper and more rapid development than other hot rocks projects in Australia.
“The Tamar Conductivity Zone has the potential to be the first of a new class of hot-rock
geothermal projects enabling a more rapid development to generation, with fewer risks, than the classical EGP type of project,” says Dr Roger Lewis, KUTh Energy’s Principal Consultant and Chairman of it's Technical Advisory Board.
KUTh Energy has over 14,000 km2 of geothermal tenements in Tasmania, which it is actively
exploring for geothermal energy generation and for direct use heating and drying applications.
This new opportunity will be explored in parallel with KUTh’s existing programme. Both are
commercially attractive due to the presence of existing high and low-voltage electricity
infrastructure in the areas of interest.
“KUTh is deeply appreciative of the Department of Innovation, Industry, Science and Research and AusIndustry for their support of KUTh’s innovative approach. Geothermal energy has a major role to play in securing Australia’s future energy supply and this project, with Government backing, will enhance our progress towards renewable energy targets nationwide,” KUTh’s Chief Operations Officer, Malcolm Ward says.
biggrin.gif biggrin.gif
Also this is about to occur with their recent drilling.
Once each hole will be cased with PVC and after the hole has been allowed to thermally
equilibrate, a thermal probe will be lowered down and a log taken (the thermal readings will
lag the drilling by a variable amount of time). Core of the various rock types intersected will
be sampled and a database of thermal conductivities established.

 
 


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