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Reservoir Capitol renews geothermal licence


September 17, 2013
By Administrator

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Sept. 17, 2013, Vancouver – Reservoir Capital renewed its geothermal licence in Serbia.

The new Vranjska Banja geothermal exploration licence will expire in three years, and covers the VG-2 and VG-3 geothermal wells. Exploring these wells was previously not allowed.

The company has measured discharge temperatures of 96°C, boiling at this elevation, and relatively high artesian flows averaging about 60 litres per second from VG-2 and VG-3. There were temperatures of up to 137°C reportedly measured at less than one kilometre depth when the wells were drilled.

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California-based consultants from GeothermEx previously completed an independent review of the historical data, and measurements taken during the Resevoir Capitol's four season reservoir studies on VG-2 and VG-3, concluding the target could potentially support a power generation project of at least 10 megawatts in size using a binary-cycle power plant.