The Geothermal Code
About the CanGEA Geothermal Code for Public Reporting
The Canadian Geothermal Energy Association (CanGEA) is proud to present the Geothermal Code for Public Reporting. The Geothermal Code for Public Reporting provides a minimum set of requirements for the public reporting of Exploration Results, Geothermal Resources and Geothermal Reserves. The Code will provide a basis for transparency, consistency and confidence in the public reporting of geothermal information.
Objectives
The Canadian Geothermal Code for Public Reporting was prepared by the Canadian Geothermal Code Committee (CGCC), established in December 2008. The primary objectives determined by the Committee were to:
Provide a reporting basis that is satisfactory to investors, shareholders and capital markets, such as the Canadian Securities Exchanges, in a similar manner that existing Canadian instruments provide for the reporting of Mineral and Petroleum Resources (National Instruments 43-101 and 51-101, respectively).
The Code, a first in Canada, will serve to increase investor confidence and interest in the geothermal energy sector through the standardization of geothermal reporting.
Current Status
It is anticipated that public reporting using the Code will be undertaken by all CanGEA members involved in exploration and/or operation of geothermal properties. The use of the Code will be on a voluntary compliance basis (industry self-regulation) until 2011 when Code compliance will be a mandatory requirement for CanGEA membership. CanGEA members involved in the financial community, including geothermal investors, financial advisers and financial institutions will also benefit from standardized and transparent reporting of geothermal assets.
Training
CanGEA will be holding Code training seminars throughout the upcoming months. To inquire about personal Code training for your company please contact .(JavaScript must be enabled to view this email address).
CanGEA Opens the Market
Alison Thompson, Chair and Founder, CanGEA & VP corporate Relations, Magma Energy and several CanGEA members, joined Ungad Chadda, Senior Vice President, Toronto Stock Exchange, TMX Group to open the markets to celebrate the launch of the Canadian Geothermal Code for Public Reporting.
For more information: click here
Qualified Persons
The following list is the CanGEA certified Qualified Persons having qualified under the Code.
Registrar of Qualified Persons
Copies of the Geothermal Code for Public Reporting
Currently, copies of the code are available exclusively to 2010 CanGEA Members. For more information on membership, including how to sign-up, please contact info@cangea.ca or consult our membership page.
