Western GeoPower Corp. |
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Media Release: 22.04.2009
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South Meager Testing Demonstrates Potentially Commercial Permeability To access the zone of permeability, GeothermEx has designed a deviated well starting from the valley floor with a projected true vertical depth of 1,660 meters and a total wellbore length of less than 2,000 meters. Wellbore simulation indicates that this well could flow at the equivalent of 6.4 MW of electrical output at a wellhead pressure of 140 psig. If the reservoir fluid encountered by this new well is at a greater temperature than the temperature measured in MC-8, or should the well be drilled deeper than the targeted 1,660 meters, the megawatt capacity of the well could increase accordingly. “The recent flow testing has corroborated our earlier projection of high temperature, reasonable permeability and a deep water table at South Meager,” said Dr. Subir Sanyal, President of GeothermEx. “While a deep water table has limited the well’s productivity, commercial productivity can still be achieved in a well drilled from the valley floor and targeted to the permeable zones in wells MC-8 and MC-6.” Several excellent and easily-accessible locations for new drill pads are available on the valley floor with ready access to the permeable zones in MC-8 and MC-6. The Company intends to commence the permitting process for the future wells once the snow has cleared sufficiently to allow surveying of the sites. “Our understanding of the geothermal reservoir characteristics at South Meager has increased substantially,” said Kenneth Macleod, President and CEO of In 2004 and 2005, wells MC-6, MC-7 and MC-8 were drilled on a single pad approximately 700 vertical meters above Meager Creek on the shoulder of About On behalf of the Board of “ 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. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. For more information or to be put on our email list, please contact our office: (604) 662-3338 or US/Canada Toll Free: 1-866-662-3322, email: info@geopower.ca Investor Relations: |
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