U.S. Geothermal increases San Emidio reservoir capacity

2017-01-11 10:53 ET - News Release -- Mr. Dennis Gilles reports
 
U.S. GEOTHERMAL ANNOUNCES SUBSTANTIAL INCREASE IN THE SAN EMIDIO II RESERVOIR CAPACITY
 
The estimate of the geothermal reservoir capacity associated with U.S. Geothermal Inc.'s San Emidio II project has increased from the earlier estimate of 10 net megawatts to an estimated generation capacity of up to 47 net megawatts. This increased capacity is in addition to the current 10 megawatts being produced by the existing San Emidio I plant.
 
In early 2016, five 1,000 foot temperature gradient wells were drilled in the Southwest Zone and later in the year, two of those wells were deepened. Both wells intersected a high permeability, high temperature geothermal reservoir. Data from flow tests that took place in late 2016 on the two deepened wells were incorporated into a Probabilistic Power Density model developed by Geothermal Science Inc., an independent geothermal reservoir engineering company.
Published: 11 January 2017
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U.S. Geothermal Inc Reports 2013 Year End Results, Provides Updated 2014 Guidance

U.S. Geothermal Inc. (the "Company") (NYSE MKT:HTM) (TSX:GTH)

Summary of Year End Financial Results:
(in millions, except per share amounts)		 12 Months Ended Dec 31  
  2013   2012  
             
Operating Revenue $ 27.4   $ 9.8  
EBITDA $ 14.5   $ (0.5 )
Net Income (Loss) $ 4.1   $ (4.3 )
Net Income (Loss) Attributable to US Geothermal $ 1.9   $ (3.0 )
  Per Share $ 0.02   $ (0.03 )
             
Published: 26 March 2014
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U.S. Geothermal Inc.: Two of Three Power Plant Modules at Neal Hot Springs Are Producing Up to 16.8 Megawatts

 
U.S. Geothermal Inc. (TSX:GTH)(NYSE MKT:HTM), a leading renewable energy company focused on the development, production and sale of electricity from geothermal energy, today announced an update on the construction of its three module, 22 net megawatt geothermal power plant at the Neal Hot Springs project, located in Malheur County, Oregon.

Construction work for the air cooled power plant is largely complete and the contractor is now focused on achieving commercial operation within the fourth quarter of 2012. Current activities include:

Published: 07 November 2012
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Nevada Geothermal Power Inc. Announces Early Completion Date October 2009 for Blue Mountain 'Faulkner 1' 49.5 MW Geothermal Power Plant

Nevada Geothermal Power Inc. (NGP) (TSX VENTURE:NGP)(OTCBB:NGLPF) today announced that the Blue Mountain 'Faulkner 1' 49.5 MW geothermal project under an Engineering Procurement Construction contract with Ormat Nevada Inc., a subsidiary of Ormat Technologies Inc. (NYSE:ORA), is ahead of schedule. Ormat expects to be ready to start power plant commissioning during August 2009.

NGP will have the necessary elements (transmission line and well field) in place to start production testing in August and plans to be fully operational by early October 2009. NGP's Blue Mountain 'Faulkner 1' geothermal power plant will be producing electricity onto the grid and generating revenue up to three months ahead of schedule.

Published: 01 June 2009
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U.S. Geothermal Inc.: Raft River Wins U.S. Department of Energy Grant for $9 Million EGS Program

U.S. Geothermal Inc. (TSX: GTH)(AMEX: HTM) ("U.S. Geothermal"), a renewable energy company focused on the production of electricity from geothermal energy, announced today that the U.S. Department of Energy ("DOE") has chosen U.S. Geothermal's Raft River site in Idaho to demonstrate the viability of Enhanced Geothermal Systems ("EGS"). The Raft River EGS program totals up to $9 million, with the DOE providing up to $6 million as part of the cost-sharing arrangement. U.S. Geothermal will provide "in kind" contributions to the program through the use of several existing wells and technical data. The remaining team members are providing key contributions to the program. The program is designed to perform a monitored thermal stimulation of an existing injection well to improve permeability within the geologic horizon that hosts the Raft River geothermal reservoir.

Published: 14 October 2008
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