OTCPK:MGMXD - Post by User
Comment by
R_J_on Feb 10, 2017 5:05pm
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Post# 25831155
RE:News Release - Completion of Iceland Deep Drilling
RE:News Release - Completion of Iceland Deep Drilling[ Alterra closed up 6.76% today, Friday. Why? ]
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Marin Katusa Comments.
Quote:
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Yesterday, Alterra Power released the results from its Icelandic geothermal drilling program.
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In short, I was blown away.
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This is the best geothermal well ever drilled not just in Iceland, but the world.
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To put it in perspective, geothermal energy producer Polaris Infrastructure, which has a market cap of CAD$240 Million, has an upside target capacity of 60MW for its whole geothermal field.
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Just this one well from Alterra in Iceland has a potential of 30-50MW.
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I have seen the Reykjanes geothermal field firsthand, and I can say with confidence that both the field and this well are truly world class.
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End Quote.
I dare not quote more, as I come within a razor’s edge of a contract violation.
However, this news is much bigger, important, and fascinating, than your first glance reaction.
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RJ