SA Mines and Energy Journal : November-December 2011
OCTOBER/NOVEMBER 2011 SA MINES & ENERGY JOURNAL 9 INDUSTRY NEWS Payneham Financial Services LTD PTY KEY PERSON INSURANCE & SUPERANNUATION SPECIALISTS KEY PERSON INSURANCE A funding mechanism which insures the value of key people to a business. Key person insurance provides money for capital/debt or revenue purposes in the event of death, critical illness or permanent and total disablement to the person insured. SUPERANNUATION A easy way to reduce tax and grow money for your retirement. Superannuation and life insurance are a tax effective dynamic duo. TRANSITION TO RETIREMENT (TTR) PENSIONS For people who are at age 60, a TTR pension can enable you to turn your super into a tax free investment zone, receive a tax free pension and keep working. A TTR pension can also be accessed at age 55, the only difference is the pension income is concessionally taxed until age 60. ABOUT PAYNEHAM FINANCIAL SERVICES We provide personal service and advice to help people & companies protect and grow their financial position. Important Information: DesTsagatos of Payneham Financial Services Pty Ltd is an Authorised Representative of Financial Wisdom Limited ABN 70 006 646 108, AFSL 231138, a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. This information is of general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. You should obtain professional advice before acting on the information contained in this publication. Des Tsagatos Dip FP CFP Payneham Financial Services Pty Ltd, 69 Portrush Rd Payneham SA 5070 Ph: 8362 2626 Gum Flat: Iron Ore - 103+ Mt inferred resource - 350-850 Mt exploration target* Graphite Cockabidnie: Nickel Cobalt Scandium Lead Zinc Silver Gold Graphite Eurilla: Uranium, Iron Ore, Manganese Tumby Bay & Koppio: Copper, Nickel, Graphite Bungalow & White Flat: Vanadium, Copper, Uranium Nantuma: Iron Ore EYRE PENINSULA South Australia One of the world's major Iron Ore Provinces ASX Code: LML 28 Greenhill Road Wayville, South Australia email@example.com Telephone +61 8 8274 0243 LINCOLN MINERALS www.lincolnminerals.com.au *Exploration target is entirely conceptual in nature and it is Uncertain if further exploration will result in estimation of a mineral resource Petratherm and its Paralana project joint venture partners, Beach Energy and TRUenergy, have commenced the flow test operation for the Paralana 2 Deep Geothermal Well. Following the mobilisation of equipment to the site last month, flowing of the well started on October 3. The operation has involved the gradual increasing of temperature and flow to manage the operation within equipment and test design parameters. The flow test operation aims to measure flow deliverability potential of the encountered overpressured brine fluids at depth, fluid temperature and brine fluid chemistry. This is the first time that extracted geothermal energy (hot fluid) has been brought to the surface at Paralana, next to the Arkaroola-Mt Painter region, an important milestone towards production of geothermal power. Paralana Flow Test Operation Commences Flow testing at Paralana on October 3.