Hot Rock (HRL)

Shares / Stock Code

HRL

Stock Exchange / Sharemarket

Australian Securities Exchange

Hot Rock (HRL) in an Australian geothermal energy company which aims to identify, appraise and develop low-emission and commercially sustainable geothermal energy projects in Australia and internationally. It was listed on ASX on 14 November, 2007. The company holds four granted geothermal energy tenements in the Otway Basin, Victoria and several projects in Europe, Asia and the USA.

The Company has five geothermal exploration permits (GEPs) in Victoria, which total 27,521 square kilometers. During the fiscal year ended June 30, 2009, the Company acquired a 50% interest in Casrock Pty Ltd.

Hot Rock has one geothermal project in the proof of concept stage, the Koroit project, located in Hot Rock's Otway Basin permits in Victoria, Australia. The geothermal resources here were identified by prior oil & gas exploration. They are large and ideally located, close to major electrical transmission lines and power markets. The geology is favourable, with good temperatures and evidence of high permeability for high production rates and competitive cost geothermal production. Hot Rock has already completed the largest MT geophysical survey for geothermal to date in Australia over the 250 km2 project area. Hot Rock is now planning the drilling phase.

Hot Rock (HRL) Products and Services

  • Geothermal energy

Hot Rock (HRL) Locations and Subsidiaries

Hot Rock Head Office
Level 5, 60 Edward Street,
BRISBANE, QLD 4000
Phone: (07) 3303 0652
Fax: (07) 3303 0601

Hot Rock (HRL) Share Price

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Submitted by ASX Listed Company on 18 April, 2010 - 03:19

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