RE: Malcy's Oil blog13 Jan 2021 09:04
"we expect to conclude documentation and drawdown by the end of January but at any rate in the early first quarter 2021 following which we will be able to accelerate the procurement process as we head toward First Gas in H1."
"Further Geothermal Project
Away from Saltfleetby, a further potential large scale geothermal project is under study. The proposed scheme, located in an area of high geothermal gradient, would be designed to achieve significant commercial power generation. Current projects in the area have de-risked some aspects of this technology and this project would seek to build on that experience to scale up to a full power generation project."
Lets remember there is more news on more fronts to come in the near term... depending on what and where this is could add significant value to the share price... Appareently they have been working on it for a year:
"Under the MOU, upon presentation of a suitable approved geothermal programme for a new off-site project before the end of January 2021, which Angus has been developing throughout the present year"