Geothermal Resources Limited (Geothermal Resources) is an Australia-based company engaged in to explore for and develop geothermal energy. During the fiscal year ended June 30, 2010 (fiscal 2010), Geothermal Resources continued to progress its two South Australian geothermal projects. Geothermal Resources holds two geothermal projects: Frome project and the Penola-Robe project . During fiscal 2010, at the Frome project, a 27 kilometers long seismic survey line was completed. In the Penola-Robe project area, Geothermal Resources commenced systematically interpreting all available seismic data and identified several potential zones located at optimal depths within the Pretty Hill Formation. Neo Oil Pty Limited is Geothermal Resources's wholly owned subsidiary.