Gaea Energy Enterprises Ltd

Description

1. Introduction The youngest (and therefore hottest) volcanic centre in Canada is located in the Pebble Creek area, where shallow and medium range have proved presence of a high-temperature geothermal resource. Eight temperature gradient holes drilled (by B.C. Hydro in late 1970's) to a maximum depth of 1297m show a high regional gradient of about 80 to 100 C/km. This suggests that a commercially viable geothermal reservoir can be located at a maximum depth of about 2500m, which is within the range of most developed commercial geothermal power fields around the world. After B.C. Hydro returning the prospect to the Province, Andrew E. Nevin acquired (in 1992) a geothermal permit on the Pebble Creek Prospect (also known as the North Meager Creak Reservoir or simply North Reservoir). With financial assistance of California Energy Commission, Nevin conducted a feasibility study of the site (Nevin, 1993). A low energy market and lack of real incentive for renewable energy, on the part of government, led Nevin to end his activities on the site. The project thus went to hibernation before coming back to life in 2002 due to increasing energy prices and rising interest in renewable and environmentally sounds energy alternatives. In February 2002, Gaea Energy Enterprises was granted two geothermal permits on the site. The permits cover the entire North Reservoir prospect, plus new prospects towards the east in the Lillooet Valley ( Fig. 1 ) Gaea acquired another geothermal permit in 2004 to cover the entire north and northeast side of the Meager Creek geothermal complex ( Fig. 1 ). Gaea has compiled all the existing information and has prepared a geothermal conceptual model for the site. Gaea plans to complete the previous investigations by drilling one to two more core holes and one to two deep production-size holes to confirm and test the productivity of the reservoir.

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