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Company Information

Company Information

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Company Information

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  1. Company Information • US Geothermal Inc. • Founded in Idaho and based in Boise • Publicly traded on TSX Venture Exchange - GTH and OTCBB - UGTH

  2. Management Team • Daniel Kunz –President, CEO & Director • Doug Glaspey - COO & Director • Kevin Kitz - VP Project Development • Robert Cline – VP Engineering • Kerry Hawkley – CFO & Secretary

  3. Raft River Location

  4. Raft River Project • US Department of Energy site from l975-l983 • $40 million was spent by DOE on a 7 megawatt binary cycle demonstration power plant. • Acquired by USGEO June 2002. • Own 660 acres and have a total of 4,417 acres (7.9 square miles) under lease.

  5. Why Geothermal Power? • Clean, safe, emission free • 100 MW eliminates 560,000 tons greenhouse gases annually • Highest rate of production (MWH) to capacity (MW) of any type of power plant • Generates continuous power • Only alternative energy capable of “baseload” power • Renewable and Sustainable • Does not consume wasting commodity • Re-injection of spent fluid • Plants can operate at over 98% availability

  6. Raft River Infrastructure • Geothermal Wells • 5 production wells, 2 injection wells, 7 monitoring wells • Office/control room building, shop building, 15 ton crane, wellfield power grid, 300K gallon water tank, warehouse, maintenance offices • Adjacent to BPA’s 138 KV transmission line • 120 MW total capacity and 60MW of available capacity • Year round access via state highway, county road

  7. Office/Shop Complex – Raft River Mt. Range in Background

  8. Raft River Proposed Development • Phase 1 10-12 MW to begin construction 2006 • using Ormat binary cycle energy converters. • Phase 2 additional 10-20 MW, construction 2007 • Additional phases will need additional permitting • 123 MW proven geothermal energy reserves and resources estimated for 7.9 square miles.

  9. Workover Rig on RRG-1

  10. Pump in RRG-2

  11. Stinger

  12. Placing Stinger in RRG-2

  13. Flow Test – RRG-5 June 2004

  14. Geothermal Reservoir – Cross Section

  15. Well Temperature Profiles

  16. Raft River Reservoir Model

  17. 12 MW Soda Lake, Nevada

  18. 30 MW Steamboat Springs, Reno, Nevada

  19. Clean Power From the Earth