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AltaRock Energy to Suspend Demonstration Project Drilling While Continuing EGS Development

September 2, 2009

SAUSALITO, Calif., Sept. 2 /PRNewswire/ — “AltaRock Energy Inc. has encountered a number of physical difficulties in the drilling of well E-7, the first well planned as part of its engineered geothermal systems (EGS) demonstration project in the Geysers, resulting from geologic anomalies particular to the formation underlying this well location.

“As a result, we have suspended the drilling of this well as part of the Geysers Demonstration project. We are continuing with the development of our EGS technology and are currently evaluating a number of alternative well locations, at the Geysers and elsewhere for demonstrating this technology.

“AltaRock currently has a portfolio of approximately 20 patent filings relating to EGS and is actively continuing with the development of its proprietary technology in this area. We believe EGS is a clean, renewable energy alternative capable of reducing our economy’s dependence on fossil fuels and creating a more sustainable future, and this technology is the best way of tapping this non-carbon based source of power.”

About AltaRock Energy Inc.
AltaRock Energy is a renewable energy development company focused on the research and development of Engineered Geothermal Systems. Its principals include Don O’Shei, Chief Executive Officer, and Susan Petty, President/Chief Technology Officer and an AltaRock Energy founder. The company has its corporate headquarters in Sausalito, Calif., and its technology development office in Seattle, Wash.

For More Information

AltaRock Energy Inc.
altarockenergy.com

SOURCE AltaRock Energy Inc.


Source: newswire



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