Drilling at Mabini geothermal project progressing in Luzon, Philippines

Drilling at Mabini geothermal project progressing in Luzon, Philippines

As reported locally, drilling for the Mabini geothermal project is
progressing according to the developers Basic Energy Corp., Trans-Asia Oil
(now called Phinma Energy) and EDC.

"As of December 5, 2016, a casing (3-1/2") inch string has been successfully
installed at a depth of 660 meters. The next steps shall consist of rig and
equipment maintenance prior to resumption of drilling operations," Basic
Energy told Philippine Stock Exchange last week.

"The consortium shall pursue core drilling operations until the target depth
of 1500 meters is reached," it added.

Once done, this will be the second greenfield geothermal project that will
be pursued in the Luzon grid, next to the 20-megawatt (MW) Maibarara project
in which Trans-Asia is also an interest holder.

Drilling started in June this year and with the exploration well now being
drilled, the consortium can "test a potential geothermal resource previously
identified by geophysical and geological techniques."

Basic Energy secured the approval of the Department of Energy (DOE) last
year on the 25-percent interest in the project, while Phinma Energy had been
the taker of the unloaded equity. Together, the two firms indicated that
they will pursue the project's development - from resource exploration to
the setting up of a power facility. The project is expected to have a
potential power generation capacity from 20 to 60 MW.

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com