Torrens Energy Limited (TEY) listed on the ASX in March 2007, raising $6M. Due to overwhelming investor interest, the offer – which comprised 30 million shares at 20c each, with one free attaching listing option for every two shares – was heavily oversubscribed.

Torrens has created an exceptional opportunity to generate sustainable, renewable, emissions-free geothermal energy and become a dominant player in efficient, reliable electricity generation.

The Company has been granted a large geothermal tenement holding in areas close to Adelaide in South Australia. The selected areas are known for high heat flow and coincide with the overlying insulating sedimentary cover required for high temperatures to accumulate. In addition, and unique to Torrens, these highly prospective areas are located on the National Power Grid, close to large energy markets and infrastructure.

Heat flow modeling shows great promise

The discovery of old well logs from a 754m petroleum well has confirmed the excellent exploration potential of the Torrens Project area. The logs showed a very high bottom hole temperature of 57°C. Using heat flow estimates ( view diagram here) and existing open file geological data temperature modelling has been completed to 5000m. The modelled heat reservoir indicates high heat flow, reaching 230°C at full depth, well within the range required for commercial power generation.

For this location the heat flow estimate is 106mW/m², comparable to the Cooper Basin in the north of South Australia and well above the Company’s stated target of 90mW/m². The Company’s stated results have been independently checked and verified by Hot Dry Rocks Pty Ltd, Australia’s leading geothermal consulting firm.

As part of the Company’s drilling programme, scheduled to start in September 2007, Torrens will confirm predicted temperatures by shallow diamond core drilling.