RE:WellsI have only been following geothermal for past 3 or 4 years.. but my feeling and understanding is that:
One out of three wells are duds, almost worthless.
One third are about half of expectations.
One third meet expectations.
So, with expectations of 2 to 10MW with middle of 6MW, gives us 1.5X 6MW or about 9MW out of drilling program for 3 wells. I would be happy with 10MW, but since these wells are so unpredictible.. we could have range of 5 to 18MW.
10MW which will take a year to fully hook up.. could support another .10 div increase at 50% payout. That will help.
Then on to binary project for rest of 72MW.
Got to say.. the Canacord report confirms most of my views. Like it. Thank you.. to poster.