Tuesday, 19 January 2010

Magma Energy Reports Successful Soda Lake Geothermal Well Flow Test

January 12, 2010

Magma Energy Corp, reported this week that is has successfully completed flow testing of its Soda Lake geothermal production well 45A-33, which will have the capacity to produce 3 MWs (MW) of net power once a turbine system is installed at the site. The well was drilled in June 2009 and, following a field optimization program, the flow test was completed in December. The recent test demonstrated the well to be capable of 1,200 gallons of sustained flow per minute at 385°F.

The well is in the process of being connected to the Soda Lake facility which was successfully refurbished in September and October, 2009 in preparation for additional production from the well field. The refurbishment program contributed an additional 1 MW of net output to the site. The facility has a nameplate capacity of 23 MW and steady base load power production at 90-95% availability.

"We are extremely pleased with this result from our field optimization program which incorporated an established oil and gas stimulation technique known as deflagration. To the best of our knowledge, this well stimulation technology has never been used before in the geothermal industry. We have now confirmed half of our planned Phase 1 program to increase Soda Lake's gross power capacity from 11 MW to 23 MW and we expect to confirm the remaining capacity by the end of March, 2010," said Andrea Zaradic, Magma's vice president of corporate development.