Alternative Earth Resources

Alternative Earth Resources Inc.
Public
Traded as TSX-V: AER
OTC Pink: NGLPF
Headquarters Vancouver, British Columbia, Canada
Key people
 Brian Fairbank, president and CEO; Andrew Studley, CFO
Total equity 36.4 million USD
Number of employees
 25
Website www.alternative-earth.com

Alternative Earth Resources Inc. is an emerging renewable energy developer focused on producing clean, sustainable geothermal electric power from high temperature geothermal resources in the United States. Based in Vancouver, British Columbia, the company has six geothermal projects in the Western United States. Despite federal government loan guarantees, the company is facing financial trouble and there is "significant doubt about the company's ability to continue as a going concern".[1]

Projects

The company currently owns a 100% leasehold interest in six properties: Blue Mountain, Pumpernickel, Edna Mountain, and Black Warrior (located in Nevada), New Truckhaven (in California), and Crump Geyser in Oregon. The projects have a production potential of over 200 MW, enough green energy to power approximately 200,000 homes.

The companies's Blue Mountain 'Faulkner 1' 49.5 MW gross geothermal power project started producing commercially in November 2009. But its actual production is only 35 MW.[1]

Management

  • Brian D. Fairbank, B.A.Sc., P. Eng., president and chief executive officer
  • Andrew T. Studley, P. Eng, CPA, MBA, chief financial officer
  • Stu Johnson, VP resource development
  • Kim Niggemann, B.Sc., VP resource operations & external affairs
  • Max Walenciak, P. Eng, senior VP, resource development
  • Paul Mitchell, investor relations
  • Mark Kolar, operations manager

Directors

  • Brian D. Fairbank, president and CEO
  • R. Gordon Bloomquist
  • Markus K. Christen
  • Domenic J. Falcone
  • James E. Yates

See also

References

  1. 1 2 "A U.S.-Backed Geothermal Plant in Nevada Struggles". The New York Times. October 2, 2011. Retrieved October 4, 2011.
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