cfo4nova

Greg Reid: Geothermal, the 'Sleeping Giant'

Thank you for the updated information. I am hoping to cash in on the rise of the industry. They are scheduled to be online in twelve months (4/2010). They have reached imortant milestones in the development of the resource. In particular, they have a 20 year, $500,000 contract signed with Pacific Gas & Electric based on fixed $/Mw. They have their contracts signed with NCPA (Northern California Power Association.) Their steam turbine is under construction and is slated for delivery in August. They have over half the needed steam (19+MW) behind pipe with three holes left to finish drilling.
Additioonally, they are slated to have thier second plant also under construction in Canada operational in 2011
See westerngeopower.com for exact information. They have a periodic newsletter you may sign up for free. They are trading on the pink sheets WGPWF at $0.20-.024 under increasing volume.
Long: WGPWF

Money Remains Main Barrier to Geothermal Power

Geothermal is a fledgling industry, even though it has had some limited exploitation over the last 50 years. Companies like Ormat have been players for a while. Start ups like Nevada Geothermal, Western Geopower and the like have stepped up to the plate to develop more geothermal resources and take a bad rap for being wannabe players. More often than not companies start out as pink sheet penny stocks before hitting the big time.
Those geothermal companies which stick their necks out and endure the ridicule of being the red-headed step child of the energy industry will be the ones who have the last laugh. Geothermal is one of the smartest technologies we have ever devised for harvesting energy for electricity production. The ROI for these companies will be huge. It is a rarity in todays market to still be able to get in on the ground floor of companies which are poised to be money making machines. This is one rare chance to hit a grand slam in your investing life. Personally I have opted in. I will be laughing all the way to the bank while most others will be trying to find a way to eek out single digit gains over time. Belittle and avoid these companies and miss out on multi-bagger gains or invest and get rich. You choose. I am long WGPWF and NGLPF