CANOE REACH DRILLING TO COMMENCE SOON

​Borealis GeoPower Inc. (Borealis) is pleased to announce that on May 29, 2018 the BC Oil and Gas Commission (Commission) issued four geothermal resource well authorizations for thermal gradient wells on its Canoe Reach Geothermal Project, south of Valemount B.C. Borealis would like to recognize the collaborative working relationship and support of the Commission in their efforts to advance an additional renewable energy option for the Province. Borealis is a renewable geothermal energy company based in Calgary, Alberta with plans to drill geothermal wells to produce renewable power and heat. The well authorizations will allow the company to begin drilling for collection of geotechnical and temperature gradient information.

​This represents the first time the Commission has issued a well authorization under the Geothermal Resource Act. The first well is expected to spud in the coming days.

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