The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
RAM: Tracing Successful Steps
|
JOHN MCILVEEN, Jacob Securities, Inc.
(12/22/2010)
"Ram announced results of a successful well result at the No. 2 well located at their Orita site in Imperial Valley California. . .Ram is tracing the steps of a successful drill program in the 1980's by the prior owners. The next well will also parallel a successful legacy well. The Orita drilling program is initially focused on 50MW. Two subsequent Phases of 50 MW each are permitted and have PPAs. In addition, the New River and Keystone projects, both also located in the Imperial Valley, have the potential of an additional 100MW and discussions with local utilities on PPAs are ongoing. The Imperial Valley in Southern California is potentially the largest geothermal resource in the United States. The first geothermal wells in Imperial Valley were drilled in 1957 and the first power plants constructed in 1979. Current production is ~600MW. Total potential capacity is estimated to be in the 10,000MW range according to the Renewable Energy Transmission Initiative Commission. We believe this news should remove the overhang the market has put on the stock. . .We reiterate our Speculative Buy rating." |
PRINT THIS PAGE
EMAIL THIS PAGE
Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >