Page 24-25 - GRO_Dec2011_FINAL

Page 24-25 - GRO_Dec2011_FINAL

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GLOBAL RENEWABLES ONLINE - DECEMBER 2011
MISSION:
Developing geothermal resources to meet
increasing energy needs with secure, clean,
constant baseload and renewable energy.
VISION:
To be the first Saskatchewan geothermal
power producer by understanding that
geothermal energy is:
1.
SUSTAINABLE
– a perpetual natural
energy source
2.
GREEN
– zero carbon-based fuel
consumption
3.
PROFITABLE
– Can be the lowest cost
of alternative power generation
STRATEGY:
Identify and develop geothermal hot spots
suitable for multiple 4-5 MW power
generation plants
PROJECT DEVELOPMENT STRATEGY
DEEP’s target resource is a 3000 metre
deep (Deadwood and Winnipeg Formations),
hot aquifer – a 150 metre thick zone that has
been drilled and temperature tested from oil
and gas exploration activity in the area.
Because this hot aquifer is part of the
Williston Basin stratigraphy, it has huge
lateral continuity which will enable
repeatability and scalability for each project
area with little geological risk.
DEEP plans to drill into this deep aquifer,
draw the hot water up though piping and use
the heat to turn a turbine to produce
electricity. This technology is currently
being used all over the world with the USA
leading with about ~3400 Megawatts of clean
renewable geothermal energy production.
The project area is located in Southeast
Saskatchewan, west of Estevan,and totals
5,920 acres (~9.5 sections). Total rental fees
for this project area are less than $10,000/
year.
DEEP EARTH ENERGY PRODUCTION –
GEOTHERMAL PROJECT SPOTLIGHT
PROJECT HIGHLIGHTS:
• Low risk geology – huge sedimentary aquifer (Deadwood and Winnipeg
Formations)
• No major exploration costs – utilizing public data from oil and gas drilling
exploration
• Low initial capital expenditure – scalable and repeatable projects
• 100s of megawat ts of baseload power potential
• Silent and minimal environmental footprint (housed in a barn- sized building),
zero carbon emissions
• Inexhaustible resource – it heats water as long as the center of the ear th
remains hot!
• Mature and reliable technology – not a science project – being done all over
the world
KIRSTEN MARCIA, P. GEO. ,
PRESIDENT, CEO, DIRECTOR
DEEP EARTH ENERGY PRODUCTION - GEOTHERMAL