Petratherm Ltd is an Australian-based company. The Company is an explorer and developer of geothermal energy based in Adelaide. The Company’s projects are actively involved in projects in Australia, Spain and China. The Company’s Paralana Geothermal Energy Project is located approximately 600 kilometers north of the city of Adelaide in South Australia and is adjacent to the Mt Painter region of the northern Flinders Ranges. The Company secured a geothermal exploration licence on Tenerife - the largest of the seven volcanic islands. The Company entered into a landmark agreement with four key Chinese geological/geothermal institutions to undertake a co-operative assessment to identify prospective geothermal projects in China.