Page 177 - Jan 2013

January 2013 | Business World Magazine | 177
he adds, they do not discount public data.
This point links back to the projects that they
have engaged in internationally. “In one ten-
ement there are five wells drilled, and these
are volcanic sources in Tenerife. The other lo-
cation is near Madrid,” he says. “If you look at
the projects we have on Tenerife and Grand
Canary Island - which are two of the largest
Canary Islands – they are using volcanic or
magma heat. In Madrid there are two aqui-
fers, these are shallow. The first is about two
kilometres in length, the other is about three
kilometres, and both are heater by granite
with uranium in it like the situation we have
here in Australia.” Kallis says that they have a
similar site in Barcelona, and in each of these
cases they acquired their data which includes
flow rates, chemistry and temperature from
existing surveys. “What we are looking at is
ways to export this energy be it heat or pow-
er or a combination of heat and power,” says
Kallis. “In Tenerife it will be electricity, and
here in Australia, which is really our flagship
project is all about trying to prove EGS – or
hot rock - development. Once we can do that
it has a huge application because the resourc-
es here are big, and the potential across the
world is big,” he says.
MAKING THEIR OWN WAY
When Kallis says that Petratherm is unique,
he does not mean just in its exploration
methods, the technology developed for their
sites is also unique to the world. HelioTherm,
their sister company acts as both their R&D