Walker Ranch Energy Development Status

Production well drilling for Walker Ranch Energy began in July 2013. Three wells have been drilled as of April 1, 2014. This initial drilling is intended to demonstrate that new exploration technologies deployed by Walker Ranch can be leveraged to drill geothermal wells with increased accuracy, potentially reducing overall risk and cost of the project. Initial testing on the first two wells indicates their potential for use as production wells for a geothermal power plant. Testing has not been completed on the third well as of April 1, 2014.

Going forward, the second phase of drilling is anticipated to begin during the third quarter of 2014. Following drilling, construction of a power plant with a capacity of up to 25 megawatts is expected to begin, with an overall plant operational date targeted for the first quarter of 2017.