28 Nov '12, 3pm

Geothermal Stocks Warming Up

Geothermal Stocks Warming Up

US Geothermal also reported third quarter earnings on Thursday, and the message was one of steady progress. Last year, Nevada Geothermal Power (TSX-V:NGP, OTC:NGLPF) and Ram Power were both tripped up by unpleasant surprises at their biggest projects. US Geothermal, in contrast, has been executing smoothly, and now has two operating projects. This will make the company less vulnerable to the vagaries of geothermal development at future projects. Part of that seems to be US Geothermal’s project selection. San Emidio, for instance, was an existing project with a known reservoir, which they upgraded by drilling some new wells and replacing an aging power plant. Because it was an operating project, US Geothermal knows a lot more about the idiosyncrasies of the reservoir than they would if it had been a greenfield project, and it was just those sorts of idiosyncrasies at Nevada...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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