BOISE, IDAHO — (Marketwire) — 11/10/09 — U.S. Geothermal Inc. (TSX: GTH)(NYSE Amex: HTM), will host a telephone conference call for investors and analysts on Wednesday, November 11, 2009 at 4:30 a.m. EDT (2:30 p.m. MDT) to discuss the 2nd Quarter Financials, which were filed on November 9, 2009.
The conference call may be accessed by dialing (877) 407-8133 in Canada and the United States, or (201) 689-8040 internationally. A simultaneous webcast of the conference call will be provided through www.investorcalendar.com/IC/CEPage.asp?ID=152403.
VANCOUVER, BRITISH COLUMBIA, Oct. 30, 2009 (Marketwire) — Magma Energy Corp. (TSX:MXY) is pleased to announce that its US subsidiary, Magma Energy (US) Corp. (“Magma”), has been awarded $10 million in American Recovery and Reinvestment Act funding for two of its Nevada geothermal exploration properties, Soda Lake and McCoy. The grants will reimburse 50 – 80% of Magma’s planned innovative exploration expenditures on those properties over the next 24 months. At Soda Lake, Magma will apply new oil and gas technology to discover geothermal resources, and at McCoy, Magma will validate a combination of innovative exploration technologies in its search for a large geothermal reservoir on the property. The funding is part of $98.1 million allocated by the US Department of Energy under the Recovery Act for innovative geothermal exploration and drilling projects.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – 10/22/09) – U.S. Geothermal Inc. (“U.S. Geothermal”) (TSX:GTH)(AMEX:HTM), a renewable energy company focused on the production and sale of electricity from geothermal energy, announced today that well NHS-5, the second full size production well at the Neal Hot Springs project located in eastern Oregon, was successfully completed on October 15.
NEW YORK, Oct. 5 /PRNewswire/ — Glacier Partners Corp., a corporate advisory firm focused on the Geothermal Energy Sector, has released to the general public its “Geothermal Economics 101″ white paper. The paper is accompanied by a financial model “Economics of a 35 MW Binary Cycle Geothermal Plant.” This release is done in support of the annual geothermal industry event taking place in Reno, NV organized by the Geothermal Resources Council and the Geothermal Energy Association.
Stocks reverse early gains after disappointing reading on consumer confidence
Stocks have reversed early gains and are falling on a report showing Americans are still downbeat on the economy.
The Conference Board says its consumer confidence index fell to 53.1 in September, down from 54.5 in August, and much lower than the reading of 57 that economists expected.
The private group says consumers are still worried about losing their jobs.
Stocks are little changed as investors await Fed decision
Investors are waiting for word from the Federal Reserve before making any big moves in stocks.
Major market indicators barely budged early Wednesday, holding steady at their highest levels in 11 months. The Dow Jones industrial average is less than 200 points away from 10,000, a mark it hasn’t been above since October.
The U.S. central bank is expected to keep its benchmark interest rate at a record low of near zero, but investors are hoping for a clearer indication of when the Fed may raise rates in the future. Investors will also be looking for more clues about the strength of the economy’s recovery in the statement to be released at the conclusion of the Fed’s two-day policy meeting Wednesday afternoon.