December 2008 Newsletter

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ThermaSource Giving in the Holiday Spirit

The rig crews, tool pushers, company men, and mudmen at Rig 101, (currently in Winnemucca, NV) have taken it upon themselves to put together a donation to help a local family in the Winnemucca area for the holidays. Members from each of the 4 crews contributed to the cause.

The Rig 101 Team found a family through the local Chamber of Commerce. The family was not a regular at the local food bank. The father of six children was just laid off from working in the mines 3 months earlier. The Chamber said the father is a very humble man and a hard worker that is just having a difficult time with the lay off and the economy.

The Team at Rig 101 was able to raise $800 and claim it was a collective idea and group effort.

One of the Rig 101 Participants was quoted, “We were not intending to show off or draw attention to us. We just wanted to help this family enjoy a big Christmas, which we did. These guys did this from the heart. It was cool to see!”

This was a truly admirable act by Rig 101’s crew. Happy Holidays!

ThermaSource in South America

December 1, 2008: The United Nations hosted a Geothermal Round Table Discussion in Santiago, Chile and Lima, Peru, the first week of December. Latin American Operations Manager, Mike Roach and Marketing Specialist, Patrick Hanson, attended on behalf of ThermaSource.

The objective of the UN Geothermal Round Table Discussions was to educate government officials and local developers about the geothermal potential in both Chile and Peru.

There were two days scheduled in both cities, where Latin American countries presented their situations, geothermal service companies listened and responded, and Chilean or Peruvian government officials and Ministers took note of the changes that needed to be made.

In summary, ThermaSource confirmed what we originally hypothesized; there is lucrative geothermal potential in Chile and Peru. The challenge is that the Chilean permitting laws are slow to be granted and need to be revised, and the Peruvian infrastructure must be improved prior to any geothermal development.

“It was important that ThermaSource be at this event. We were able to educate key officials in Chile and Peru on initiatives that need to be implemented prior to broad scale geothermal development,” said Mike Roach.

ThermaSource was well represented and received in South America. Our reputation and experience was known among all in attendance in both countries and we were able to network with key players in the market.

ThermaSource Picture of the Week

ThermaSource Rig 105, Thermal Single, running a hot liner at Bottle Rock in September, 2008. Photo taken by Willie Leuzinger