Earth Heat Resources with higher than expected resources at Copahue, Argentina

Copahue project, overview sheet (source: Earth Heat Resources)
Alexander Richter 18 May 2011

Australian geothermal developer Earth Heat Resources (ASX:EHR) reports a 150% jump in total resource estimates at its project at Copahue, Argentina, in a report prepared by SKM under the Canadian Geothermal Code for Public Reporting.

In a release by the company, Australian Earth Heat Resources (ASX: EHR) announces it “has received a very positive outcome at the Copahue project in Argentina, after a review by Sinclair Knight Merz (SKM).

Copahue received a 150% jump in total resources interpreted from SKM, under the new Canadian Geothermal Code [for Public Reporting] (CanGEA) classified resource estimate, in terms of electricity generating capacity and stored heat in place (based on P50 probability).

The new Copahue resource under Canadian Geothermal Code is:

  • Measured Resource; 19 generating capacity (MWe), 700 stored heat in place (PJ);
  • Inferred Resource, Vapour Zone; 55 generating capacity (MWe), 2500 stored heat in place (PJ); and
  • Inferred Resource; deep liquid zone 190 generating capacity (MWe), 7300 stored heat in place (PJ).

The outcome provides for significant additional scope for development at the project, with the potential energy generated for consumers in the Neuquen Province of Argentina.

Of particular significance is the ‘behind pipe’ verification which provides a boost to the certainty of the stage 1 plant size and reduces the immediacy of resource extension drilling.

Earth Heat said that the scope and objectives of the Stage 1 concept study will be released this week, in light of the new resource figures.

The Copahue project is strategically placed 55 kilometres to the national electricity market interconnector, with a sealed bitumen road to the site from Neuquen City. Other infrastructure includes power lines connected from the site to the nearby town of Caviahue, a plentiful water supply with oil field services and equipment in the Province. The population of the Neuquen Province is 475,000.”

For the full release see link below.

Source: Earth Heat Resources via ProActive Investors