________________________________________________________________________ DEEP

Earth Energy Production

After more than a decade of preliminary work and preparatory engineering, DEEP is positioned to be the first producer of largescale geothermal power in Canada. DEEP has the geothermal rights within 39,120 hectares with the potential for more than 200 megawatts of geothermal power. This could offset approximately 780,000 tons of CO₂ emissions per year; the equivalent of taking 170,000 cars off the road annually.

Kirsten Marcia, Director, President and CEO, shares more details:“ We’ re based in Saskatchewan and have been working on the project for over ten years now. In December of 2018, we drilled our first exploratory well. We have now drilled a total of seven wells, and this has allowed us to production and injection test the resource, produce high volumes of

fluid, inject it back into the ground, and ensure that we understand what the resource can do, and even more importantly, to learn what it can’ t do as well.

“ This has enabled us to reach the point where SLB( formerly known as Schlumberger), has certified that our first 30 megawatts of geothermal power production will be sustainable for at least the next 40 years. In turn, this has also allowed us to go into construction financing.

“ Typically,” Kirsten continues,“ when you think of geothermal energy, you think of geysers and volcanoes. Here in the province of Saskatchewan, though, we have bald, flat prairie, mostly farmland! What makes it special is the Williston Sedimentary Basin, which extends all the way to North Dakota. The geology here gives us the ability to drill very deep into the ground while remaining in sediment, and we can intersect a hot aquifer, allowing us to produce at high volumes. Generally, the deeper you go into the ground, the harder it gets but we can drill three and a half kilometers down and don’ t hit hard crystalline rock, which is a rare situation.

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