Western Geopower Corp

Published : April 22nd, 2009

South Meager testing demonstrates potentially commercial permeability

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NEWS RELEASE

 

DATE:  April 22, 2009

FOR IMMEDIATE RELEASE

 

TRADING SYMBOLS:

TSX-V (CANADA): WGP.V

FRANKFURT: WE6.F

 

SOUTH MEAGER TESTING DEMONSTRATES POTENTIALLY COMMERCIAL PERMEABILITY

 

VANCOUVER, Canada, April 22, 2009, TSX Venture Exchange Trading Symbol: WGP ? Western GeoPower Corp., a renewable energy company, today announced that independent consultants GeothermEx, Inc., have recommended a drilling program at the South Meager geothermal reservoir to target a recently-identified zone of high permeability which has demonstrated commercial potential. 

 

Reporting on the results of airlift-assisted flow-testing of well MC-8, GeothermEx projected that a new deviated well starting from a lower wellhead elevation into the same permeable zone and at a much shorter vertical depth than well MC-8 would flow at the equivalent of more than 6 megawatts (MW) of electrical energy. Well MC-8 itself was unable to sustain self-flow following air lifting due to physical constraints imposed by the deep water table.

 

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 Western GeoPower. ?We can now focus on securing the funding and permitting necessary to complete the drilling program and prepare a feasibility report on the project.?

 

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 Pylon Peak. The pad was located closer to the projected upflow zone of the geothermal reservoir in comparison with earlier pads located on the valley floor. Subsequent testing confirmed that two of the wells, MC-6 and MC-8 encountered significant permeability and all three wells showed higher temperatures at shallower depth than previous wells. However, the presence of the geothermal water table at over 500 meters below the pad has inhibited the ability of the recent wells to self flow. The wells are being maintained for additional testing purposes and future enhancements are being considered, such as deepening and/or sidetracking, once additional permeable targets are identified by future drilling activities. Further drilling is required to define the full commercial power production potential for South Meager.

 

Western GeoPower continues to liaise with provincial government agencies and key community and First Nations stakeholders in preparation for submission of an Application for Certification of the South Meager project under the BC Environmental Assessment Act. The Company also is actively engaged in soliciting federal funding for project development and working directly with the British Columbia government on the updating of provincial geothermal legislation and regulations.   

 


About Western GeoPower Corp.

Western GeoPower Corp. is a renewable energy company dedicated to the development of geothermal energy projects for the delivery of clean, sustainable, baseload electricity generation. The Company is developing The Western GeoPower Unit 1 geothermal power plant at The Geysers Geothermal Field in California, United States and the South Meager Geothermal Project in British Columbia, Canada.

On behalf of the Board of Western GeoPower Corp

?Kenneth MacLeod?

Kenneth MacLeod, President & CEO

 

 

 

 

 

< 

Western Geopower Corp

CODE : WGP.V
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Western Geopower is a development stage company based in Canada.

Western Geopower is listed in Canada and in Germany. Its market capitalisation is CA$ 49.1 millions as of today (US$ 48.8 millions, € 32.6 millions).

Its stock quote reached its highest recent level on December 31, 2004 at CA$ 2.13, and its lowest recent point on October 10, 2008 at CA$ 0.12.

Western Geopower has 233 652 000 shares outstanding.

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Financings of Western Geopower Corp
6/24/2009$3.71 Million Warrants Exercise
Nominations of Western Geopower Corp
2/15/2008Mike Long Appointed Operations Manager
6/1/2007appointment of Thomas S. Drolet to the Board of Directors
Corporate news of Western Geopower Corp
9/2/2009resignation of Kenneth MacLeod as President
7/15/2009Preliminary results of reservoir modeling
6/26/2009Welcomes new directors
5/28/2009Change in directors of Western Geopower
5/15/2009View the Shades of Green Episode
2/18/2009Kenneth MacLeod Interview - BNN's Trading Day
1/27/2009SECURES ADDITIONAL US$11 MILLION SECURED LOAN FACILITY
2/6/2009Turbine Update
1/21/2009Obama's Economic Stimulus Plan - How will it benefit us?
1/6/2009DRAWS DOWN SECOND TRANCHE OF US$8.52 MILLION UNDER ITS SECUR...
1/6/2009COMPLETES FIRST PHASE OF GEYSERS DRILLING
11/27/2008DON J. A. SMITH APPOINTED AS INTERIM CHIEF FINANCIAL OFFICER
11/10/2008SECURES US$11 MILLION SECURED LOAN FACILITY
9/2/2008FIRST TWO GEYSERS WELLS DEMONSTRATE 12.6 MW INITIAL CAPACITY
8/7/2008ANNOUNCES $25 MILLION FINANCING
5/20/2008SIGNS $500 MILLION POWER PURCHASE AGREEMENT WITH NCPA
5/6/2008GEYSERS WELL DEMONSTRATES 10 MW INITIAL CAPACITY
4/24/2008Geysers "Rig Test" Indicates Commercial Well
4/10/2008LAUNCHES OPERATIONS IN CHILE
4/9/2008GEYSERS PLANT CAPACITY INCREASED TO 35 MWe – TURBINE ORDERED
3/31/2008CEOCFO Interview
7/5/2007's Geysers Leasehold Expanded to Over 1,000 Acres
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