Nevada Geothermal has just done the geothermal equivalent of striking oil;

sinking a well that can produce geothermal fluid under its own pressure.

The detail is that Well 23-14 can produce " . . .at a post flash rate of 1865 gallons/minute (118 litres/sec) and a well head pressure of 78 psig (538kPa). A static temperature survey on September 16, 2007 showed a maximum downhole temperature of 374°F (190°C) ".

The Geothermal industry is starting to look like a proper industry on the verge of something big. In the USA, this is partly thanks to the extension of the production tax credit to geothermal power of 1.9 cents per kwh. Elsewhere around the world, Australia's opposition - big fans of geothermal - looks set to win the election and there is even very recent news that Goldman Sachs it taking a serious interest via Iceland.

So now AEI is also now tracking a not inconsiderable 11 geothermal stocks and I daresay this will expand over the next year or so quite a bit more.