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Polaris Infrastructure Provides Drilling Program Update
Polaris Infrastructure Provides Drilling Program Update Canada NewsWire TORONTO,...
About this update from Polaris Renewable Energy Inc.
[{"type":"text","content":"\n\n\n\nPolaris Infrastructure Provides Drilling Program Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Jan. 30, 2018\n\n\n\nTORONTO, Jan. 30, 2018 /CNW/ - Polaris Infrastructure Inc. (TSX:PIF) (\"Polaris Infrastructure\" or the \"Company\"), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, is pleased to provide the following update with respect to the 2017/2018 San Jacinto drilling program.\n\n\n \n \n\n \nThe Company's wholly-owned operating subsidiary, Polaris Energy Nicaragua S.A. (\"PENSA\"), which owns and operates the San Jacinto project, has made substantial progress with drilling efforts.  Highlights of drilling program execution and preliminary testing activities are as follows:\n\n\nSuccessfully flow-tested new production well, SJ 12-4: The second new production well of the 2017/2018 San Jacinto drilling program, SJ 12-4, was completed in early November 2017. A total loss of drilling fluids was experienced, indicating a zone of high permeability and the well was completed at a depth of 2,624 metres measured depth. After a period of thermal recovery, SJ 12-4 was successfully discharged on January 16, 2018, and has been flowing since that date (discharging to the atmosphere). Based on testing completed to date, we estimate initial productive capacity of SJ 12-4 is between 4 to 6 MW. It is important to note that geothermal wells take time to reach stabilization and hence initial estimates for SJ 12-4 may change. Further updates will be provided over the next several months as the well approaches stabilization and is connected to the San Jacinto plant. \nSuccessfully concluded drilling and initial flow-testing of new production well, SJ 12-5: The third new production well of the 2017/2018 San Jacinto drilling program, SJ 12-5, was completed in early January 2018. A total loss of drilling fluids was experienced, indicating a zone of high permeability and the well was completed at a depth of 2,416 metres measured depth. Tests concluded during and...