Raya Group Limited (Ray) is an Australia-based exploration and development company, focusing on geothermal projects. The Company is engaged in exploration of geothermal opportunities in Australia, India and Indonesia. Raya turns geothermal resources into reserves for power generation identifying, exploring and developing the resources into commercial power stations to generate electricity. The Company’s Australia projects include Otway Basin, which includes Limestone Coast Project and Penola Project, which includes 28 petroleum wells; and Cooper Basin, which includes Hulton Project. The Company’s Indian project includes The Puga Project in the Puga Valley in northern India, 140 kilometres from Leh. The Company’s Indonesia projects includes Daliri Prima Project, Sokoria Project, which includes three exploration wells and resource potential up to 145 megawatts, Ngebel Project, which is a 165 megawatt project and Jambi Project.