Western GeoPower to Start Drilling at the Geysers in February
January 21 2008 - 2:18AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (FRANKFURT: WE6.F), a renewable
energy development company, today announced that drilling
contractor ThermaSource, Inc., and rig owner Northern California
Power Agency ("NCPA"), have informed the Company that mobilization
of NCPA Rig 001 to the Western GeoPower Unit 1 project site at The
Geysers Geothermal Field in California will occur in February 2008,
following completion of the current obligations for the rig.
The permits to drill the first two wells have been received and
the two wells have been top-holed with a 30" conductor set in each,
ready for the rig set-up. Drill pad "A", which will be used for the
first two wells, has been resurfaced and access roads to all four
drill pads have been upgraded and resurfaced. Western GeoPower has
taken delivery of the wellhead equipment and downhole materials
required for the first two wells.
"We anticipate drilling eight wells prior to the start of
commercial operations projected for early 2010 at the proposed
Western GeoPower Unit 1 power plant," said Kenneth MacLeod,
President and CEO of Western GeoPower. "Rig availability has
improved over the past year and a second rig could be secured in
the event additional wells are required to fully develop the
resource."
ThermaSource was contracted in November 2007 to drill the
initial six steam wells at the Western GeoPower Unit 1 project
site. In business since 1980, ThermaSource is a leading geothermal
drilling company and project management consultant, based in Santa
Rosa, California, close to The Geysers. The ThermaSource management
team has over 90 years of combined geothermal drilling experience
and is a respected member of the geothermal industry.
Independent consultant GeothermEx, Inc. of Richmond, California
has designed the drilling program and will provide strategic
management throughout the drilling phase. The wells will be
directionally drilled from existing drill pads to intersect target
zones where commercial steam productivity was encountered by
previous production wells. The average total vertical depth per
well is anticipated to be 8,000 - 9,000 feet with the maximum total
measured depth expected to be approximately 11,000 feet.
The Geysers geothermal field, located 75 miles north of San
Francisco, California, is the largest producer of geothermal
electricity in the world. Commercial geothermal power has been
generated continuously at The Geysers field since 1960, the present
generation level being about 900 megawatts of clean, baseload
electricity. Western GeoPower's Unit 1 project is situated in the
south-western region of The Geysers field in Sonoma County.
Corporate Overview
Western GeoPower Corp. is a renewable energy company dedicated
to the development of geothermal energy projects for the delivery
of clean, baseload electricity generation. The Company is
developing The Western GeoPower Unit 1 geothermal power plant at
The Geysers Geothermal Field in Sonoma County, California, United
States. Western GeoPower is also developing the South Meager
Geothermal Project in British Columbia, Canada.
On behalf of Western GeoPower Corp.
Kenneth MacLeod, President & CEO
Cautionary Note Regarding Forward-Looking Statements
Statements in this release that are forward-looking are subject
to various risks and uncertainties concerning the specific factors
identified above that reflect the Company's expectations and
projections about its future results. The Company has tried
whenever possible to identify these forward-looking statements
which include but are not limited to, words such as "anticipates,"
believes," "estimates," "expects," "plans," "intends," "potential,"
and similar expressions. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Investors
are cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ
materially from those projected in the forward-looking statements.
The Company disclaims any obligation or intention to update or to
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Such information contained
herein represents management's best judgment as of the date hereof
based on information currently available. This news release is not
for dissemination in the United States of America or to United
States of America news services.
For more information or to be put on our email list, please see
contact information below.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Western GeoPower Corp. Kenneth MacLeod President &
CEO (604) 662-3338 or US/Canada Toll Free: 1-866-662-3322 Email:
info@geopower.ca Western GeoPower Corp. Investor Relations Email:
IR@geopower.ca Website: www.geopower.ca
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